Schwab (SCHW) director Ellis exercises options and shifts shares to trust

Rhea-AI Filing Summary

Schwab director Stephen A. Ellis reported routine equity compensation activity and related trust movements. He exercised a nonqualified stock option to acquire 2,258 shares of Common Stock at $25.11 per share, a derivative exercise rather than an open-market purchase.

Following the exercise, Ellis held 7,445 Common Stock shares directly. A separate entry shows 101,992.6963 Common Stock shares held indirectly by a trust, with footnotes explaining that shares received on exercise and other directly held shares were contributed or transferred to the trust.

Insights

Equity compensation and insider-trading analyst

Ellis exercised options and moved shares into a trust, with no open‑market buying or selling.

The activity centers on a nonqualified stock option converted into 2,258 Common Stock shares at a $25.11 exercise price. This is classified as an exercise or conversion of a derivative security, typical for director compensation and not an open‑market trade.

Footnotes state that option shares received and other directly held shares were contributed or transferred to a trust, which now holds 101,992.6963 shares indirectly. With 7,445 shares held directly afterward and no reported sales, this looks like routine estate or ownership structuring rather than a directional market bet.

Insider Trade Summary

Net Buyer: 2,258 shares

Net Buy 3 txns

Insider Ellis Stephen A

Role Director

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy)	2,258	$0.00	$0.00
Exercise	Common Stock	2,258	$25.11	$57K
holding	Common Stock	--	--	--

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 0 shares (Direct); Common Stock — 7,445 shares (Direct); Common Stock — 101,992.6963 shares (Indirect, by Trust)

Footnotes (3)

1. F1. Reflects the contribution of shares received upon exercise of the option to a trust.
2. F2. Reflects shares transferred from being held directly to a trust.
3. F3. The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately.

Key Figures

Option exercise shares: 2,258 shares Option exercise price: $25.11 per share Direct holdings after transaction: 7,445 shares +3 more

6 metrics

Option exercise shares 2,258 shares Nonqualified Stock Option exercised on 2026-06-23

Option exercise price $25.11 per share Conversion or exercise price for 2,258 shares

Direct holdings after transaction 7,445 shares Common Stock held directly after 2026-06-23 transactions

Indirect trust holdings after transaction 101,992.6963 shares Common Stock held indirectly by trust after 2026-06-23

Option expiration date 2026-07-01 Nonqualified Stock Option expiration before full exercise

Derivative exercises in filing 1 exercise, 2,258 shares Exercise or conversion of derivative security (Code M)

Key Terms

Nonqualified Stock Option (right to buy), Directors' Deferred Compensation Plan II, indirect ownership, exercise or conversion of derivative security

4 terms

Nonqualified Stock Option (right to buy) financial

"security_title: "Nonqualified Stock Option (right to buy)""

Directors' Deferred Compensation Plan II financial

"The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately."

indirect ownership financial

"direct_or_indirect: "I" and nature_of_ownership: "by Trust""

exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

FAQ

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

Stephen A. Ellis reported exercising a nonqualified stock option to acquire 2,258 shares of Charles Schwab Common Stock at $25.11 per share. This was a derivative exercise, not an open-market purchase, and forms part of routine director equity compensation activity.

Did Stephen A. Ellis buy or sell Charles Schwab (SCHW) shares on the market?

The filing does not show any open-market buys or sells. Instead, Ellis exercised options to receive 2,258 shares at $25.11 per share and adjusted how shares are held, including moving shares into a trust, with no sale transaction reported.

How many Charles Schwab shares does Stephen A. Ellis hold after this Form 4?

After the reported transactions, Ellis holds 7,445 Common Stock shares directly and 101,992.6963 shares indirectly through a trust. These figures reflect both the option exercise and the contribution or transfer of shares into the trust structure.

What options did Stephen A. Ellis exercise in this Schwab Form 4?

Ellis exercised a Nonqualified Stock Option (right to buy) covering 2,258 shares of Charles Schwab Common Stock, with a $25.11 per share conversion or exercise price. After this exercise, the option position was fully used, leaving 0 options from that grant.

How are trust holdings described for Stephen A. Ellis in the SCHW filing?

The filing shows 101,992.6963 Charles Schwab Common Stock shares held indirectly “by Trust”. Footnotes state these amounts reflect both shares received upon option exercise and shares transferred from direct ownership into the trust for estate or ownership structuring purposes.

Was the exercised Schwab option part of a director compensation plan?

Yes. A footnote explains the option was received under the Directors' Deferred Compensation Plan II and vested immediately. This indicates the option exercise and resulting 2,258-share acquisition are tied to standard director compensation rather than discretionary trading.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 07:36 PM Accepted by SEC EDGAR 06/25/2026 - 07:35 PM Learn about SEC filing dates

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 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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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	06/23/2026		M		2,258	A	$25.11	7,445(1)(2)	D
Common Stock								101,992.6963(1)	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)	$25.11	06/23/2026		M			2,258	(3)	07/01/2026	Common Stock	2,258	$0	0	D

Explanation of Responses:

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

2. Reflects shares transferred from being held directly to a trust.

3. The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	06/25/2026
	** 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)