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Charles Schwab (NYSE: SCHW) exec exercises options, trust sells 21,750 shares

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

Rhea-AI Filing Summary

Charles Schwab Corporation executive Jonathan M. Craig, MD and Head of Retail Investing, exercised nonqualified stock options for 21,750 shares of common stock at $46.81 per share and contributed the shares to a revocable trust. On the same July 7, 2026 date, the trust executed an open-market sale of 21,750 shares at a weighted-average price of $102.0102 per share under a pre-arranged Rule 10b5-1 trading plan. Following the option exercise, 43,616 options remain outstanding and will expire on March 1, 2029.

Positive

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Negative

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Insights

Pre-planned option exercise and sale, with remaining options intact.

MD and Head of Retail Investing Jonathan M. Craig exercised nonqualified stock options for 21,750 Charles Schwab shares at $46.81 per share and moved them into a revocable trust. The trust then sold the same 21,750 shares at a weighted-average price of $102.0102 per share in open-market transactions.

The filing states these sales occurred under a Rule 10b5-1 trading plan adopted on November 11, 2025, indicating they were pre-scheduled rather than opportunistic. After this exercise, 43,616 stock options remain outstanding, expiring on March 1, 2029, so the executive retains meaningful equity exposure through unexercised options.

Insider Craig Jonathan M.
Role MD, Head of Retail Investing
Sold 21,750 shs ($2.22M)
Type Security Shares Price Value
Exercise Nonqualified Stock Option (right to buy) 21,750 $0.00 --
Exercise Common Stock 21,750 $46.81 $1.02M
Sale Common Stock 21,750 $102.0102 $2.22M
Holdings After Transaction: Nonqualified Stock Option (right to buy) — 43,616 shares (Direct, null); Common Stock — 0 shares (Direct, null); Common Stock — 0 shares (Indirect, by Trust)
Footnotes (1)
  1. Reflects the contribution of the shares received upon exercise of the option to a revocable trust. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2025. The transaction was executed in multiple trades at prices ranging from $102.00 to $102.10. 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 transfer of shares and prices at which the transaction was effected. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.
Shares sold 21,750 shares Open-market sale of common stock on July 7, 2026 by trust
Weighted-average sale price $102.0102 per share Common stock sale price range from $102.00 to $102.10
Option exercise price $46.81 per share Nonqualified stock option exercise price for 21,750 underlying shares
Options exercised 21,750 options Nonqualified stock options exercised on July 7, 2026
Options remaining 43,616 options Nonqualified stock options outstanding after transaction, expiring March 1, 2029
Option expiration date March 1, 2029 Expiration of remaining nonqualified stock options under 2013 Stock Incentive Plan
Rule 10b5-1 plan adoption date November 11, 2025 Date Jonathan M. Craig adopted trading plan used for the reported sales
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Nonqualified Stock Option (right to buy) financial
"security_title: Nonqualified Stock Option (right to buy)"
revocable trust financial
"Reflects the contribution of the shares received upon exercise of the option to a revocable trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
2013 Stock Incentive Plan financial
"The option was granted under the company's 2013 Stock Incentive Plan"
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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did SCHW executive Jonathan M. Craig do in this Form 4 filing?
Jonathan M. Craig exercised 21,750 stock options at $46.81 per share and contributed the resulting Charles Schwab shares to a revocable trust, which then sold 21,750 shares in open-market trades.

At what price were the SCHW shares sold in Jonathan M. Craig’s transaction?
The trust associated with Jonathan M. Craig sold 21,750 SCHW shares at a weighted-average price of $102.0102 per share, with trades executed between $102.00 and $102.10 according to the filing footnote.

Were Jonathan M. Craig’s SCHW share sales under a Rule 10b5-1 plan?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted by Jonathan M. Craig on November 11, 2025, indicating the transactions were pre-arranged rather than discretionary.

How many SCHW options does Jonathan M. Craig have remaining after this Form 4?
After exercising options for 21,750 shares, Jonathan M. Craig has 43,616 nonqualified stock options remaining outstanding, with an expiration date of March 1, 2029, as reported in the derivative transaction data.

What type of derivative security did Jonathan M. Craig exercise in SCHW?
He exercised a Nonqualified Stock Option (right to buy) for 21,750 underlying SCHW shares at an exercise price of $46.81 per share, granted under the company’s 2013 Stock Incentive Plan.

Who held the SCHW shares sold in Jonathan M. Craig’s Form 4 transaction?
The 21,750 SCHW shares sold were held indirectly "by Trust" after being contributed to a revocable trust. Following the sale, the filing shows 0 indirect common shares held by that trust.
SEC Form 4
FORM 4UNITED 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).
X
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*
Craig Jonathan M.
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
MD, Head of Retail Investing
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/07/2026M21,750A$46.810(1)D
Common Stock07/07/2026S(2)21,750D$102.0102(3)0(1)Iby 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Nonqualified Stock Option (right to buy)$46.8107/07/2026M21,750 (4)03/01/2029Common Stock21,750$043,616D
Explanation of Responses:
1. Reflects the contribution of the shares received upon exercise of the option to a revocable trust.
2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2025.
3. The transaction was executed in multiple trades at prices ranging from $102.00 to $102.10. 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 transfer of shares and prices at which the transaction was effected.
4. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.
Remarks:
/s/ P. Blake Allen, Attorney-in-fact07/09/2026
** Signature of Reporting PersonDate
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