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[Form 4] SCHWAB CHARLES CORP Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Charles Schwab Corp director reports option exercise and trust transfer. A company director exercised a nonqualified stock option for 1,922 shares of common stock at an exercise price of $31.98 per share on 12/16/2025, coded as transaction type “M”. Following this transaction, the director directly owned 6,660 shares of Charles Schwab common stock and indirectly held 97,959.7662 shares through a trust.

The explanation notes that the shares received upon exercise were contributed to a revocable trust and that the indirect holdings include 277.8338 shares acquired via dividend reinvestment. The option was originally granted under the Directors' Deferred Compensation Plan II and vested immediately, and after this exercise the report shows 0 derivative securities of this option remaining.

Positive

  • None.

Negative

  • None.
Insider Ellis Stephen A
Role Director
Type Security Shares Price Value
Exercise Nonqualified Stock Option (right to buy) 1,922 $0.00 --
Exercise Common Stock 1,922 $31.98 $61K
holding Common Stock -- -- --
Holdings After Transaction: Nonqualified Stock Option (right to buy) — 0 shares (Direct); Common Stock — 6,660 shares (Direct); Common Stock — 97,959.766 shares (Indirect, by Trust)
Footnotes (1)
  1. Reflects the contribution of shares received upon exercise of the option to a revocable trust. Includes 277.8338 shares acquired through dividend reinvestment. The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately.
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*
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)
12/16/2025
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 12/16/2025 M 1,922 A $31.98 6,660(1) D
Common Stock 97,959.7662(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) $31.98 12/16/2025 M 1,922 (3) 12/16/2025 Common Stock 1,922 $0 0 D
Explanation of Responses:
1. Reflects the contribution of shares received upon exercise of the option to a revocable trust.
2. Includes 277.8338 shares acquired through dividend reinvestment.
3. The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately.
Remarks:
Exhibit 24 - Power of Attorney
/s/ P. Blake Allen, Attorney-in-fact 12/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Charles Schwab (SCHW) report in this Form 4?

A Charles Schwab director exercised a nonqualified stock option for 1,922 shares of common stock at an exercise price of $31.98 per share on 12/16/2025, reported with transaction code M.

How many Charles Schwab (SCHW) shares does the director own after the reported transaction?

After the transaction, the director held 6,660 shares of Charles Schwab common stock directly and 97,959.7662 shares indirectly through a trust.

What happened to the option reported in the Charles Schwab (SCHW) Form 4?

The director exercised a nonqualified stock option covering 1,922 shares at $31.98 per share, and the filing shows 0 derivative securities of this option remaining after the transaction.

How were the shares from the option exercise handled for the Charles Schwab (SCHW) director?

The explanation states that the shares received upon exercise of the option were contributed to a revocable trust, which holds the indirect position.

What portion of the Charles Schwab (SCHW) director’s indirect holdings comes from dividend reinvestment?

The indirect holdings reported include 277.8338 shares that were acquired through dividend reinvestment.

Under what plan was the option in the Charles Schwab (SCHW) Form 4 originally granted?

The option was received under the Directors' Deferred Compensation Plan II and, according to the explanation, it vested immediately.