Were Charles Schwab’s SCHW share sales part of open-market transactions?

Yes, the filing classifies the 168,743-share disposition as open-market sales of SCHW common stock. Each sale is coded as an “S” transaction, and the prices reflect weighted averages across multiple trades within the disclosed intraday price ranges.

Charles Schwab sells 168,743 shares via trusts

Charles Schwab & Co-Chairman Charles R. Schwab reported indirect open-market sales of 168,743 shares of SCHW common stock through trusts.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Charles Schwab & Co-Chairman Charles R. Schwab reported indirect open-market sales of 168,743 shares of SCHW common stock through trusts. The sales occurred on April 29, April 30 and May 1, at weighted average prices of $90.4920, $91.8082 and $91.8577 per share, respectively. Footnotes note each sale was executed in multiple trades within stated price ranges. After the May 1 transaction, a trust associated with Schwab held 54,389,641 shares indirectly.

Insider Trade Summary

Net Seller: 168,743 shares

Net Sell 6 txns

Insider Schwab Charles R.

Role Co-Chairman

Sold 168,743 shs ($15.41M)

Type	Security	Shares	Price	Value
Sale	Common Stock	55,000	$91.8577	$5.05M
Sale	Common Stock	50,000	$91.8082	$4.59M
Sale	Common Stock	63,743	$90.492	$5.77M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 54,389,641 shares (Indirect, by Trust); Common Stock — 30,483,368 shares (Indirect, by Limited Partnership); Common Stock — 44,025 shares (Indirect, by 188 Corp); Common Stock — 10,624,797.33 shares (Indirect, by Spouse as Trustee)

Footnotes (4)

F1. This transaction was executed in multiple trades at prices ranging from $90.32 to $90.74. 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.
F2. This transaction was executed in multiple trades at prices ranging from $91.61 to $92.12. 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.
F3. Reflects a transfer of shares between trusts.
F4. This transaction was executed in multiple trades at prices ranging from $91.54 to $92.34. 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.

Key Figures

Total shares sold: 168,743 shares April 29 sale: 63,743 shares at $90.4920/share April 30 sale: 50,000 shares at $91.8082/share +5 more

8 metrics

Total shares sold 168,743 shares Net open-market sales across April 29–May 1

April 29 sale 63,743 shares at $90.4920/share Open-market sale coded S, indirect by Trust

April 30 sale 50,000 shares at $91.8082/share Open-market sale coded S, indirect by Trust

May 1 sale 55,000 shares at $91.8577/share Open-market sale coded S, indirect by Trust

Trust holdings after May 1 54,389,641 shares Indirect ownership by trust following last reported sale

April 29 price range $90.32–$90.74 Multiple trades; weighted average $90.4920

April 30 price range $91.61–$92.12 Multiple trades; weighted average $91.8082

May 1 price range $91.54–$92.34 Multiple trades; weighted average $91.8577

Key Terms

open-market sale, indirect ownership, weighted average sale price, trust, +2 more

6 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

""ownership_type": "indirect""

weighted average sale price financial

"The price reported reflects the weighted average sale price."

trust financial

"nature_of_ownership": "by Trust""

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

limited partnership financial

"nature_of_ownership": "by Limited Partnership""

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

transaction code S financial

"transaction_code": "S""

FAQ

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

What did Charles Schwab report in this Form 4 for SCHW?

Charles R. Schwab reported indirect open-market sales of 168,743 shares of SCHW common stock through trusts. The transactions were executed over three days, with each sale occurring at weighted average prices between about $90 and $92 per share.

How many Charles Schwab (SCHW) shares were sold in total?

In total, trusts associated with Charles R. Schwab sold 168,743 SCHW common shares. The sales were reported in three separate open-market transactions on April 29, April 30 and May 1, with individual trades aggregated into weighted average prices.

At what prices did Charles Schwab’s trusts sell SCHW shares?

The reported weighted average sale prices were $90.4920, $91.8082 and $91.8577 per SCHW share. Footnotes state each transaction was executed in multiple trades within ranges such as $90.32–$90.74, $91.54–$92.34 and $91.61–$92.12 per share.

How many SCHW shares did Charles Schwab’s trust hold after these sales?

After the May 1 transaction, a trust associated with Charles R. Schwab held 54,389,641 SCHW common shares indirectly. Additional indirect holdings are also reported through a spouse-held trust, a corporation and a limited partnership, each shown separately in the filing.

Do these SCHW transactions involve derivative securities or options?

No derivative securities are shown in this Form 4 excerpt. All reported activity involves non-derivative SCHW common stock, and the derivativeSummary section indicates no option exercises or other derivative transactions associated with these particular trades.

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

Form 4 Insider Transactions: What Each Field Means →

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

Add on Google

Accepted by SEC EDGAR 05/01/2026 - 07:06 PM EDT

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^*

Schwab Charles R.

(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
X	Officer (give title below)	Other (specify below)
	Co-Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/29/2026		S		63,743	D	$90.492⁽¹⁾	55,609,641	I	by Trust
Common Stock	04/30/2026		S		50,000	D	$91.8082⁽²⁾	54,444,641⁽³⁾	I	by Trust
Common Stock	05/01/2026		S		55,000	D	$91.8577⁽⁴⁾	54,389,641⁽³⁾	I	by Trust
Common Stock								30,483,368	I	by Limited Partnership
Common Stock								44,025	I	by 188 Corp
Common Stock								10,624,797.33⁽³⁾	I	by Spouse as Trustee

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $90.32 to $90.74. 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. This transaction was executed in multiple trades at prices ranging from $91.61 to $92.12. 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.

3. Reflects a transfer of shares between trusts.

4. This transaction was executed in multiple trades at prices ranging from $91.54 to $92.34. 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.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	05/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR