[Form 4] SCHWAB CHARLES CORP Insider Trading Activity

Rhea-AI Filing Summary

Charles Schwab (SCHW) insider transaction: An officer (MD, Head of Investor Services) reported an option exercise and same‑day sale on 11/07/2025. The insider exercised 35,188 nonqualified stock options at an exercise price of $41.98 per share (code M), then sold 35,188 shares at a weighted average sale price of $95.3458 (code S), with trades executed between $95.235 and $95.45.

Shares received upon exercise were contributed to a revocable trust before being sold. Following these transactions, reported beneficial ownership of the common stock was 0, and the derivative position was 0. The option was granted under the company’s 2013 Stock Incentive Plan and vested in four equal annual installments; it had an expiration date of 03/02/2030.

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Securities law analyst

Routine Form 4: option exercise and matched sale, ending at 0 shares.

The filing records a nonqualified stock option exercise of 35,188 shares at $41.98 (code M) and a same‑day sale of the same 35,188 shares at a weighted average of $95.3458 (code S). The shares were first contributed to a revocable trust, then sold across multiple trades within a tight range.

Post‑transaction, both common stock beneficial ownership and the derivative position are reported as 0, indicating no remaining holdings from this grant. These are standard administrative transactions; actual market impact depends on the holder’s choices and was limited to the disclosed sale on 11/07/2025.

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^*

Craig Jonathan M.

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TX 76262

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	MD, Head of Investor Services

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

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

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

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

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	11/07/2025		M		35,188	A	$41.98	0(1)	D
Common Stock	11/07/2025		S		35,188(1)	D	$95.3458(2)	0	I	by Trust

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
Nonqualified Stock Option (right to buy)	$41.98	11/07/2025		M			35,188	(3)	03/02/2030	Common Stock	35,188	$0	0	D

Explanation of Responses:

1. Reflects the contribution of shares received upon exercise of the option to a revocable trust.

2. The transaction was executed in multiple trades at prices ranging from $95.235 to $95.45. 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 transfer of shares and prices at which the transaction was effected.

3. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	11/10/2025
	** 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.

FAQ

What insider transaction did SCHW report on Form 4?

An officer exercised nonqualified stock options and sold the resulting 35,188 shares on 11/07/2025.

How many shares were exercised and at what price?

The insider exercised 35,188 options at an exercise price of $41.98 per share.

At what prices were the SCHW shares sold?

Shares were sold at a weighted average price of $95.3458, with trades ranging from $95.235 to $95.45.

What was the insider’s ownership after the transactions?

Reported beneficial ownership of SCHW common stock was 0, and the derivative position was 0.

Under what plan was the option granted and how did it vest?

The option was granted under the 2013 Stock Incentive Plan and vested in four equal annual installments.

When did the option expire?

The option carried an expiration date of 03/02/2030.

How were the shares routed before sale?

Shares received upon exercise were contributed to a revocable trust before being sold.