Were Nigel Murtagh’s SCHW share sales made under a Rule 10b5-1 trading plan?

Yes. The Form 4 states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by Nigel Murtagh on November 25, 2025, indicating the trades were pre-arranged rather than discretionary at the time of execution.

Schwab exec exercises options and sells shares

Q: What insider transactions did SCHW Chief Risk Officer Nigel Murtagh report on this Form 4?

Nigel Murtagh exercised options for 26,675 shares of Charles Schwab common stock at $46.81 and sold the same 26,675 shares at weighted average prices near $109 on August 6 and 10, 2026.

Q: How many Charles Schwab (SCHW) shares did Nigel Murtagh sell, and at what prices?

Nigel Murtagh sold 26,675 shares of SCHW common stock. On August 6, 2026, shares sold at a weighted average of $109.0016, and on August 10, 2026, at a weighted average of $109.0086 per share.

Q: What was the option exercise price in Nigel Murtagh’s SCHW Form 4 transactions?

The nonqualified stock options were exercised at $46.81 per share. These options, granted under Schwab’s 2013 Stock Incentive Plan, converted into common stock which was then sold in open market transactions at weighted average prices near $109 per share.

Q: Does Nigel Murtagh still hold any Charles Schwab (SCHW) shares after these transactions?

The Form 4 reports an indirect holding of 2,621 shares of SCHW common stock held by ESPP as of August 6, 2026. The filing does not state total direct common stock holdings after the reported sales.

Q: What types of securities are involved in Nigel Murtagh’s SCHW Form 4 filing?

The transactions involve Nonqualified Stock Options to buy Charles Schwab common stock and the resulting Common Stock received upon exercise. The options had a $46.81 exercise price and an expiration date of March 1, 2029.

Filing Impact

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Filing Sentiment

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Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

Charles Schwab Corporation’s Chief Risk Officer, Nigel J. Murtagh, exercised nonqualified stock options for a total of 26,675 shares of Common Stock at an exercise price of $46.81 per share, and sold the same number of shares at weighted average prices of about $109 per share on August 6 and 10, 2026. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 25, 2025. He also reports an indirect holding of 2,621 shares of Common Stock through an ESPP.

Insider Trade Summary 10b5-1

Exercise and Sale: 26,675 shares ($1.66M approx. pre-tax spread)

Exercise and Sale 7 txns

Insider Murtagh Nigel J

Role Chief Risk Officer

Sold 26,675 shs ($2.91M)

Approx. gross sale proceeds $2.91M

Approx. exercise cost $1.25M

Approx. pre-tax spread $1.66M

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy) ^F4	24,778	$0.00	$0.00
Exercise	Common Stock	24,778	$46.81	$1.16M
Sale	Common Stock ^{F1, F3}	24,778	$109.0086	$2.70M
Exercise	Nonqualified Stock Option (right to buy) ^F4	1,897	$0.00	$0.00
Exercise	Common Stock	1,897	$46.81	$89K
Sale	Common Stock ^{F1, F2}	1,897	$109.0016	$207K
holding	Common Stock	--	--	--

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 57,972.4846 shares (Direct); Common Stock — 2,621 shares (Indirect, by ESPP)

Footnotes (4)

F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
F2. This transaction was executed in multiple trades at prices ranging from $109.00 to $109.0450. 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. This transaction was executed in multiple trades at prices ranging from $109.00 to $109.04. 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.
F4. This option was granted under the company's 2013 Stock Incentive Plan and vested in four annual installments beginning on the first anniversary of the grant.

Key Figures

Options exercised: 26,675 shares Exercise price: $46.81 per share Shares sold: 26,675 shares +3 more

6 metrics

Options exercised 26,675 shares Nonqualified stock options exercised on August 6 and 10, 2026

Exercise price $46.81 per share Conversion or exercise price for nonqualified stock options

Shares sold 26,675 shares Common Stock sales on August 6 and 10, 2026

Sale price Aug 6 $109.0016 per share Weighted average sale price on August 6, 2026

Sale price Aug 10 $109.0086 per share Weighted average sale price on August 10, 2026

Indirect ESPP holding 2,621 shares Common Stock held indirectly by ESPP as of August 6, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, Nonqualified Stock Option, ESPP

4 terms

Rule 10b5-1 trading plan regulatory

"sales 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"

Nonqualified Stock Option financial

"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.

ESPP financial

"Common Stock held indirectly by ESPP"

An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.

FAQ

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

What insider transactions did SCHW Chief Risk Officer Nigel Murtagh report on this Form 4?

Nigel Murtagh exercised options for 26,675 shares of Charles Schwab common stock at $46.81 and sold the same 26,675 shares at weighted average prices near $109 on August 6 and 10, 2026.

How many Charles Schwab (SCHW) shares did Nigel Murtagh sell, and at what prices?

Nigel Murtagh sold 26,675 shares of SCHW common stock. On August 6, 2026, shares sold at a weighted average of $109.0016, and on August 10, 2026, at a weighted average of $109.0086 per share.

What was the option exercise price in Nigel Murtagh’s SCHW Form 4 transactions?

The nonqualified stock options were exercised at $46.81 per share. These options, granted under Schwab’s 2013 Stock Incentive Plan, converted into common stock which was then sold in open market transactions at weighted average prices near $109 per share.

Does Nigel Murtagh still hold any Charles Schwab (SCHW) shares after these transactions?

The Form 4 reports an indirect holding of 2,621 shares of SCHW common stock held by ESPP as of August 6, 2026. The filing does not state total direct common stock holdings after the reported sales.

What types of securities are involved in Nigel Murtagh’s SCHW Form 4 filing?

The transactions involve Nonqualified Stock Options to buy Charles Schwab common stock and the resulting Common Stock received upon exercise. The options had a $46.81 exercise price and an expiration date of March 1, 2029.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 08/10/2026 - 08:05 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^*

Murtagh Nigel J

(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)
	Chief Risk Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

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	08/06/2026		M		1,897	A	$46.81	59,869.4846	D
Common Stock	08/06/2026		S⁽¹⁾		1,897	D	$109.0016⁽²⁾	57,972.4846	D
Common Stock	08/10/2026		M		24,778	A	$46.81	82,750.4846	D
Common Stock	08/10/2026		S⁽¹⁾		24,778	D	$109.0086⁽³⁾	57,972.4846	D
Common Stock								2,621	I	by ESPP

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	08/06/2026		M			1,897	⁽⁴⁾	03/01/2029	Common Stock	1,897	$0	24,778	D
Nonqualified Stock Option (right to buy)	$46.81	08/10/2026		M			24,778	⁽⁴⁾	03/01/2029	Common Stock	24,778	$0	0	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.

2. This transaction was executed in multiple trades at prices ranging from $109.00 to $109.0450. 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. This transaction was executed in multiple trades at prices ranging from $109.00 to $109.04. 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.

4. This option was granted under the company's 2013 Stock Incentive Plan and vested in four annual installments beginning on the first anniversary of the grant.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	08/10/2026
	** 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