Schwab director exercises 1,918 stock options

The reported exercise converted options into common shares that were contributed to a trust, alongside direct and trust-held share positions.

Available on EDGAR 09/25/2026 - 05:16 PM EDT Accepted by SEC EDGAR 09/25/2026 - 05:14 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Stephen A. Ellis, a director of SCHWAB CHARLES CORP (SCHW), exercised 1,918 nonqualified stock options on September 23, 2026, at a $31.48 exercise price, acquiring 1,918 common shares. The options were received under the Directors' Deferred Compensation Plan II and vested immediately; the shares received upon exercise were contributed to a trust. Reported positions after the transactions were 7,445 common shares held directly and 104,210.453 shares held indirectly by trust, including 299.7567 shares acquired through dividend reinvestment. No Rule 10b5-1 plan is reported.

Insider Trade Summary

1,918 shares exercised/converted

Exercise 2 txns

Insider Ellis Stephen A

Role Director

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy) F3	1,918	$0.00	$0.00
Exercise	Common Stock F1	1,918	$31.48	$60K
Holding	Common Stock F1, F2	--	--	--

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 0 options (Direct); Common Stock — 7,445 shares (Direct); Common Stock — 104,210.453 shares (Indirect, by Trust)

Footnotes (3)

1. F1. Reflects the contribution of shares received upon exercise of the option to a trust.
2. F2. Includes 299.7567 shares acquired through dividend reinvestment.
3. F3. The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately.

Key Figures

Options exercised: 1,918 options Exercise price: $31.48 per share Direct common shares after transaction: 7,445 shares +3 more

6 metrics

Options exercised 1,918 options September 23, 2026

Exercise price $31.48 per share Options exercised September 23, 2026

Direct common shares after transaction 7,445 shares Reported after the September 23, 2026 transactions

Common shares held indirectly by trust 104,210.453 shares Reported September 23, 2026

Shares acquired through dividend reinvestment 299.7567 shares Included in shares held indirectly by trust

Option expiration date October 3, 2026 Nonqualified stock options

Key Terms

Nonqualified Stock Option, Directors' Deferred Compensation Plan II, dividend reinvestment

3 terms

Nonqualified Stock Option financial

"Nonqualified Stock Option (right to buy)"

A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.

Directors' Deferred Compensation Plan II financial

"received pursuant to the Directors' Deferred Compensation Plan II"

dividend reinvestment financial

"shares acquired through dividend reinvestment"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

FAQ

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

How many SCHW options did Stephen A. Ellis exercise, and at what price?

Stephen A. Ellis exercised 1,918 nonqualified stock options on September 23, 2026, at a $31.48 exercise price, acquiring 1,918 common shares.

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 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)
09/23/2026

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	09/23/2026		M		1,918	A	$31.48	7,445(1)	D
Common Stock								104,210.453(1)(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
Nonqualified Stock Option (right to buy)	$31.48	09/23/2026		M			1,918	(3)	10/03/2026	Common Stock	1,918	$0	0	D

Explanation of Responses:

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

2. Includes 299.7567 shares acquired through dividend reinvestment.

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

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	09/25/2026
	** 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)