Charles Schwab (NYSE: SCHW) trust sells 72,900 shares, retains large stake

Rhea-AI Filing Summary

Charles R. Schwab, Co-Chairman of SCHWAB CHARLES CORP, reported open-market sales of 72,900 shares of common stock at weighted average prices around $90–$91. The shares are held indirectly by a trust, and after these sales the trust still holds about 55.7 million shares, alongside large additional indirect holdings through a spouse, a corporation, and a limited partnership.

Insights

Equity ownership & insider trading analyst

Schwab family trust sells 72,900 SCHW shares, retains very large stake.

Co-Chairman Charles R. Schwab reported two open-market sales totaling 72,900 shares of Schwab common stock at weighted average prices of $90.5012 and $90.0017. These transactions are classified as indirect, with ownership “by Trust.”

Following the trades, the trust still holds 55,673,384 shares, while other indirect holdings include 9,509,797.33 shares held by a spouse as trustee, 44,025 shares held by 188 Corp, and 30,483,368 shares in a limited partnership. The sold amount is small relative to these combined positions, suggesting a routine liquidity move rather than a major shift in exposure.

Footnotes state the sales were executed in multiple trades within narrow price ranges and report weighted average prices. There is no reference to a Rule 10b5-1 plan in the excerpt, so timing context beyond the reported trade dates of April 23, 2026 and April 27, 2026 is not indicated here.

Insider Trade Summary

Net Seller: 72,900 shares ($6,579,331)

Net Sell 5 txns

Insider Schwab Charles R.

Role Co-Chairman

Sold 72,900 shs ($6.58M)

Type	Security	Shares	Price	Value
Sale	Common Stock	36,450	$90.0017	$3.28M
Sale	Common Stock	36,450	$90.5012	$3.30M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 55,673,384 shares (Indirect, by Trust)

Footnotes (1)

1. This transaction was executed in multiple trades at prices ranging from $90.43 to $90.68. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $90.00 to $90.02. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Key Figures

Total shares sold: 72,900 shares Sale price (April 23): $90.5012/share Sale price (April 27): $90.0017/share +4 more

7 metrics

Total shares sold 72,900 shares Net open-market sales of common stock

Sale price (April 23) $90.5012/share Weighted average sale price on 36,450 shares

Sale price (April 27) $90.0017/share Weighted average sale price on 36,450 shares

Trust holdings after trades 55,673,384 shares Indirect ownership by trust following April 27 sale

Spouse trustee holdings 9,509,797.33 shares Indirect ownership by spouse as trustee as of April 23

Limited partnership holdings 30,483,368 shares Indirect ownership by limited partnership as of April 23

Net buy/sell direction -72,900 shares Net-sell according to transaction summary

Key Terms

open-market sale, indirect ownership, weighted average sale price, limited partnership, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

""ownership_type": "indirect", "ownership_code": "I""

weighted average sale price financial

"The price reported reflects the weighted average sale price."

limited partnership financial

""nature_of_ownership": "by Limited Partnership""

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

trust financial

""nature_of_ownership": "by Trust""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schwab Charles R.

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TEXAS 76262

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SCHWAB CHARLES CORP [ SCHW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/23/2026		S		36,450	D	$90.5012(1)	55,709,834	I	by Trust
Common Stock	04/27/2026		S		36,450	D	$90.0017(2)	55,673,384	I	by Trust
Common Stock								30,483,368	I	by Limited Partnership
Common Stock								44,025	I	by 188 Corp
Common Stock								9,509,797.33	I	by Spouse as Trustee

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $90.43 to $90.68. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. This transaction was executed in multiple trades at prices ranging from $90.00 to $90.02. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	04/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Charles R. Schwab report in this SCHW Form 4 filing?

Charles R. Schwab reported two open-market sales totaling 72,900 shares of Schwab common stock at weighted average prices near $90 per share. The transactions involved shares held indirectly by a trust associated with him, rather than shares held directly in his own name.

At what prices were the SCHW shares sold in this insider transaction?

The reported sales occurred at weighted average prices of $90.5012 and $90.0017 per share. Footnotes explain each transaction was executed in multiple trades within narrow price ranges around these averages, and detailed trade data is available upon request to authorized parties.

How many SCHW shares does the reporting person’s trust hold after the sales?

After the reported sales, the trust associated with Charles R. Schwab holds 55,673,384 shares of Schwab common stock. This large remaining stake shows the 72,900 shares sold represent only a small fraction of the trust’s overall indirect ownership position.

What other indirect SCHW holdings are shown in this Form 4 filing?

Besides the trust, indirect holdings include 9,509,797.33 shares held by a spouse as trustee, 44,025 shares held by 188 Corp, and 30,483,368 shares held by a limited partnership. These entries are labeled as holdings, not new purchases or sales, in the filing data.

Does the SCHW Form 4 mention a Rule 10b5-1 trading plan?

The provided excerpt does not mention a Rule 10b5-1 trading plan. Footnotes focus on weighted average sale prices and the availability of detailed trade information on request, without referencing any pre-arranged trading program or automatic selling arrangement for these transactions.