Charles Schwab (NYSE: SCHW) retail chief exercises options, sells via 10b5-1 plan

Q: What insider transaction did SCHW executive Jonathan M. Craig report on this Form 4 for SCHW?

Jonathan M. Craig reported exercising options for 21,866 SCHW shares at $46.81 and then selling 21,866 shares indirectly via a trust at a weighted average price of $111.0257 per share on August 14, 2026.

Q: What was the option exercise price and size in the SCHW Form 4 for Jonathan M. Craig?

Craig exercised a nonqualified stock option covering 21,866 SCHW shares at an exercise price of $46.81 per share. The option was granted under Schwab’s 2013 Stock Incentive Plan and was scheduled to expire on March 1, 2029 before exercise.

Q: At what price were SCHW shares sold in the reported Form 4 transaction?

The 21,866 SCHW shares were sold at a weighted average price of $111.0257 per share. Trades occurred in multiple executions between $111.025 and $111.03 , with the weighted average price disclosed for the sale.

Q: How were the exercised SCHW shares held before sale in Jonathan M. Craig’s Form 4?

The Form 4 explains that the 21,866 shares received upon option exercise were contributed to a revocable trust . The subsequent sale of 21,866 shares was reported as held indirectly “by Trust” at the time of disposition.

Q: What type of derivative security did Jonathan M. Craig exercise in this SCHW Form 4?

He exercised a Nonqualified Stock Option (right to buy) for 21,866 shares of SCHW common stock. The option carried a $46.81 per-share exercise price and was issued under Schwab’s 2013 Stock Incentive Plan with a stated expiration of March 1, 2029.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SCHWAB CHARLES CORP executive Jonathan M. Craig, MD and Head of Retail Investing, exercised a nonqualified stock option for 21,866 shares of common stock at an exercise price of $46.81 per share on August 14, 2026. The shares received upon exercise were contributed to a revocable trust, after which the same 21,866 shares were sold indirectly by the trust at a weighted average price of $111.0257 per share under a Rule 10b5-1 trading plan adopted on November 11, 2025. The option, granted under the company’s 2013 Stock Incentive Plan, had an original expiration date of March 1, 2029.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Craig Jonathan M.

Role MD, Head of Retail Investing

Sold 21,866 shs ($2.43M)

Approx. gross sale proceeds $2.43M

Approx. exercise cost $1.02M

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy) ^F4	21,866	$0.00	$0.00
Exercise	Common Stock ^F1	21,866	$46.81	$1.02M
Sale	Common Stock ^{F2, F3, F1}	21,866	$111.0257	$2.43M

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

Footnotes (4)

F1. Reflects the contribution of the shares received upon exercise of the option to a revocable trust.
F2. 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.
F3. The transaction was executed in multiple trades at prices ranging from $111.025 to $111.03. 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 affected.
F4. 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.

Key Figures

Options Exercised: 21,866 shares Option Exercise Price: $46.81 per share Shares Sold: 21,866 shares +3 more

6 metrics

Options Exercised 21,866 shares Nonqualified stock option for SCHW common stock exercised on August 14, 2026

Option Exercise Price $46.81 per share Exercise or conversion price of the nonqualified stock option

Shares Sold 21,866 shares SCHW common stock sold indirectly by trust on August 14, 2026

Weighted Average Sale Price $111.0257 per share Weighted average price for sales executed between $111.025 and $111.03

Option Expiration Date March 1, 2029 Original expiration date of the nonqualified stock option before exercise

10b5-1 Plan Adoption Date November 11, 2025 Date the Rule 10b5-1 trading plan governing the sales was adopted

Key Terms

Nonqualified Stock Option, Rule 10b5-1 trading plan, weighted average sale price, revocable trust, +1 more

5 terms

Nonqualified Stock Option financial

"security_title: "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.

Rule 10b5-1 trading plan regulatory

"The sales reported ... 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.

weighted average sale price financial

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

revocable trust financial

"Reflects the contribution of the shares ... 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"

FAQ

What insider transaction did SCHW executive Jonathan M. Craig report on this Form 4 for SCHW?

Jonathan M. Craig reported exercising options for 21,866 SCHW shares at $46.81 and then selling 21,866 shares indirectly via a trust at a weighted average price of $111.0257 per share on August 14, 2026.

What was the option exercise price and size in the SCHW Form 4 for Jonathan M. Craig?

Craig exercised a nonqualified stock option covering 21,866 SCHW shares at an exercise price of $46.81 per share. The option was granted under Schwab’s 2013 Stock Incentive Plan and was scheduled to expire on March 1, 2029 before exercise.

At what price were SCHW shares sold in the reported Form 4 transaction?

The 21,866 SCHW shares were sold at a weighted average price of $111.0257 per share. Trades occurred in multiple executions between $111.025 and $111.03, with the weighted average price disclosed for the sale.

Were the SCHW Form 4 sales by Jonathan M. Craig made under a Rule 10b5-1 plan?

Yes. The filing states the SCHW share sales were effected under a Rule 10b5-1 trading plan adopted by Jonathan M. Craig on November 11, 2025, indicating the trades followed a pre-arranged, disclosed plan.

How were the exercised SCHW shares held before sale in Jonathan M. Craig’s Form 4?

The Form 4 explains that the 21,866 shares received upon option exercise were contributed to a revocable trust. The subsequent sale of 21,866 shares was reported as held indirectly “by Trust” at the time of disposition.

What type of derivative security did Jonathan M. Craig exercise in this SCHW Form 4?

He exercised a Nonqualified Stock Option (right to buy) for 21,866 shares of SCHW common stock. The option carried a $46.81 per-share exercise price and was issued under Schwab’s 2013 Stock Incentive Plan with a stated expiration of March 1, 2029.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 06:23 PM Accepted by SEC EDGAR 08/17/2026 - 06:22 PM

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^*

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	MD, Head of Retail Investing

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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	08/14/2026		M		21,866	A	$46.81	0⁽¹⁾	D
Common Stock	08/14/2026		S⁽²⁾		21,866	D	$111.0257⁽³⁾	0⁽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)
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)
Nonqualified Stock Option (right to buy)	$46.81	08/14/2026		M			21,866	⁽⁴⁾	03/01/2029	Common Stock	21,866	$0	0	D

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 $111.025 to $111.03. 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 affected.

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-fact	08/17/2026
	** 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