Schwab trust tied to director sells 10,725 shares

Charles Schwab director-linked trust reports stock sale.

Accepted by SEC EDGAR 03/03/2026 - 05:44 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Charles Schwab director-linked trust reports stock sale. A trust associated with director Stephen A. Ellis sold 10,725 shares of Schwab common stock in an open-market transaction on February 26, 2026 at a weighted average price of $96.5682 per share. After this indirect sale, the trust holds 87,562.5296 shares, including 327.7634 shares acquired through dividend reinvestment.

Insider Trade Summary

Net Seller: 10,725 shares

Net Sell 1 txn

Insider Ellis Stephen A

Role Director

Sold 10,725 shs ($1.04M)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,725	$96.5682	$1.04M

Holdings After Transaction: Common Stock — 87,562.5296 shares (Indirect, by Trust)

Footnotes (2)

1. F1. This transaction was executed in multiple trades at prices ranging from $96.52 to $96.64. 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. F2. Includes 327.7634 shares acquired through dividend reinvestment.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SCHW director Stephen A. Ellis report?

Stephen A. Ellis reported an indirect sale of 10,725 Charles Schwab common shares by a trust on February 26, 2026. The sale was executed in the open market at a weighted average price of $96.5682 per share, according to the Form 4 filing.

At what price were the 10,725 SCHW shares sold in the Form 4?

The 10,725 Schwab shares were sold at a weighted average price of $96.5682 per share. Individual trades occurred in multiple transactions within a price range from $96.52 to $96.64, as disclosed in the Form 4 footnote for this open-market sale.

How many SCHW shares does the Ellis-related trust hold after the sale?

After the transaction, the trust associated with Stephen A. Ellis holds 87,562.5296 Schwab common shares indirectly. This total includes 327.7634 shares that were acquired through dividend reinvestment, as specifically noted in the Form 4 footnotes for context.

Was the SCHW insider transaction by Stephen A. Ellis direct or indirect ownership?

The transaction reflects indirect ownership, reported as shares held "by Trust" for Stephen A. Ellis. The nature of ownership is identified as indirect in the Form 4, meaning the shares are owned through a trust rather than in his personal name directly.

What does the Form 4 footnote say about SCHW trade pricing for Ellis?

The footnote explains the sale was executed in multiple trades between $96.52 and $96.64 per share. The reported $96.5682 figure is a weighted average sale price, and full trade details are available upon request to the SEC staff, issuer, or shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Ellis Stephen A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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	02/26/2026		S		10,725	D	$96.5682(1)	87,562.5296(2)	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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $96.52 to $96.64. 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. Includes 327.7634 shares acquired through dividend reinvestment.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	03/03/2026
	** 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.