Charles Schwab (SCHW) MD exercises stock options and trust sells 2,000 shares

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

The filing reports that an officer of Charles Schwab Corporation exercised a nonqualified stock option for 2,000 shares on 12/23/2025 and related share activity involving a trust.

Q: How many Charles Schwab (SCHW) shares were sold and at what price?

The trust sold 2,000 shares of Charles Schwab common stock on 12/23/2025 in multiple trades at a weighted average price of $102.0108 per share.

Q: Was the Charles Schwab (SCHW) insider sale under a Rule 10b5-1 plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025 .

Q: What were the terms of the Charles Schwab (SCHW) stock option exercised?

The nonqualified stock option had an exercise price of $46.39 per share, was granted under the 2013 Stock Incentive Plan , and expires on 11/01/2028 . Following the exercise, 2,000 options remained beneficially owned.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Charles Schwab Corporation officer Form 4 shows an option exercise and related share sale. On 12/23/2025, the reporting person exercised a nonqualified stock option to buy 2,000 shares of Charles Schwab common stock at $46.39 per share, granted under the company’s 2013 Stock Incentive Plan and expiring on 11/01/2028.

The 2,000 shares received were contributed to a trust, and the trust then sold 2,000 shares of common stock on the same date in multiple trades at a weighted average price of $102.0108 per share under a Rule 10b5‑1 trading plan adopted on May 28, 2025. After these transactions, the reporting person held 43,340 shares directly and 11,923 shares indirectly through the trust, and 2,000 stock options remained beneficially owned.

Insider Trade Summary

Net Seller: 2,000 shares ($204,022)

Net Sell 3 txns

Insider Beatty Jonathan S

Role MD, Head of Advisor Services

Sold 2,000 shs ($204K)

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy)	2,000	$0.00	--
Exercise	Common Stock	2,000	$46.39	$93K
Sale	Common Stock	2,000	$102.0108	$204K

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 2,000 shares (Direct); Common Stock — 43,340 shares (Direct); Common Stock — 11,923 shares (Indirect, by Trust)

Footnotes (1)

Reflects the contribution of 2,000 shares received upon exercise of the option to a trust. The transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025. This transaction was executed in multiple trades at prices ranging from $102.00 to $102.035. 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 affected. 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.

Form 4 Insider Transactions: What Each Field Means →

12/29/2025 - 06:01 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^*

Beatty Jonathan S

(Last)

(First)

(Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/23/2025

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)
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	12/23/2025		M		2,000	A	$46.39	43,340⁽¹⁾	D
Common Stock	12/23/2025		S⁽²⁾		2,000	D	$102.0108⁽³⁾	11,923⁽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)	$46.39	12/23/2025		M			2,000	⁽⁴⁾	11/01/2028	Common Stock	2,000	$0	2,000	D

Explanation of Responses:

1. Reflects the contribution of 2,000 shares received upon exercise of the option to a trust.

2. The transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.

3. This transaction was executed in multiple trades at prices ranging from $102.00 to $102.035. 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 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:

Exhibit 24 - Power of Attorney

	/s/ P. Blake Allen, Attorney-in-fact	12/29/2025
	** 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?

The filing reports that an officer of Charles Schwab Corporation exercised a nonqualified stock option for 2,000 shares on 12/23/2025 and related share activity involving a trust.

How many Charles Schwab (SCHW) shares were sold and at what price?

The trust sold 2,000 shares of Charles Schwab common stock on 12/23/2025 in multiple trades at a weighted average price of $102.0108 per share.

Was the Charles Schwab (SCHW) insider sale under a Rule 10b5-1 plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.

How many Charles Schwab (SCHW) shares does the insider own after the transactions?

After the reported transactions, the insider beneficially owned 43,340 shares directly and 11,923 shares indirectly through a trust.

What were the terms of the Charles Schwab (SCHW) stock option exercised?

The nonqualified stock option had an exercise price of $46.39 per share, was granted under the 2013 Stock Incentive Plan, and expires on 11/01/2028. Following the exercise, 2,000 options remained beneficially owned.