Schwab director Sarin exercises options, trust sells shares

Schwab Charles Corp director Arun Sarin reported an option exercise and a related share sale.

Rhea-AI Filing Summary

Schwab Charles Corp director Arun Sarin reported an option exercise and a related share sale. He exercised 7,866 shares of Common Stock at $28.96 per share, then contributed the shares received to a revocable trust. The trust later sold 2,500 shares of Common Stock in open-market transactions at a weighted average price of $91.164 per share. Following these transactions, Sarin held 10,666 shares directly and 23,983 shares indirectly through the trust.

Insights

Equity compensation and insider-trading analyst

Routine option exercise with a modest trust sale and remaining stake.

Director Arun Sarin exercised a nonqualified stock option for 7,866 shares at an exercise price of $28.96. According to the footnote, these shares were contributed to a revocable trust, which then sold 2,500 shares at a weighted average of $91.164 per share.

The filing shows net-sell activity of 2,500 shares but also a sizeable remaining ownership. After the transactions, Sarin holds 10,666 shares directly and 23,983 shares indirectly via the trust. With no remaining derivative position listed and no 10b5-1 plan disclosure, this looks like a straightforward liquidity event based on previously granted equity awards.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Sarin Arun

Role Director

Sold 2,500 shs ($228K)

Approx. gross sale proceeds $228K

Approx. exercise cost $228K

Type	Security	Shares	Price	Value
Exercise	Common Stock	7,866	$0.00	$0.00
Exercise	Common Stock	7,866	$28.96	$228K
Sale	Common Stock	2,500	$91.164	$228K

Holdings After Transaction: Common Stock — 0 contracts (Direct); Common Stock — 10,666 shares (Direct); Common Stock — 23,983 shares (Indirect, by Trust)

Footnotes (3)

1. F1. Reflects the contribution of the shares received upon exercise of the option to a revocable trust.
2. F2. This transaction was executed in multiple trades at prices ranging from $91.14 to $91.18. 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. F3. The option was granted under the company's 2013 Stock Incentive Plan and vested 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.

Key Figures

Shares sold by trust: 2,500 shares Weighted average sale price: $91.164 per share Option shares exercised: 7,866 shares +4 more

7 metrics

Shares sold by trust 2,500 shares Open-market sale of Common Stock on May 13, 2026

Weighted average sale price $91.164 per share Trust’s sale of 2,500 Common Stock shares

Option shares exercised 7,866 shares Nonqualified stock option exercise on May 13, 2026

Option exercise price $28.96 per share Exercise price under 2013 Stock Incentive Plan

Direct holdings after transaction 10,666 shares Common Stock held directly by Arun Sarin

Indirect holdings after transaction 23,983 shares Common Stock held indirectly by revocable trust

Net shares sold 2,500 shares Net buy/sell direction reported as net-sell

Key Terms

Nonqualified Stock Option (right to buy), revocable trust, weighted average sale price, 2013 Stock Incentive Plan, +1 more

5 terms

Nonqualified Stock Option (right to buy) financial

"underlying_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.

weighted average sale price financial

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

2013 Stock Incentive Plan financial

"The option was granted under the company's 2013 Stock Incentive Plan and vested 25%..."

indirect ownership "by Trust" financial

"direct_or_indirect: "I", nature_of_ownership: "by Trust" for the sale transaction."

FAQ

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

What insider transactions did Arun Sarin report in Schwab (SCHW) stock?

Arun Sarin reported exercising options and a related share sale. He exercised 7,866 shares of Schwab Common Stock at $28.96 per share, then a revocable trust associated with him sold 2,500 shares at a weighted average price of $91.164 per share.

How many Schwab (SCHW) shares did Arun Sarin sell and at what price?

A trust associated with Arun Sarin sold 2,500 Schwab shares. The sale occurred in multiple open-market trades on May 13, 2026, at prices ranging from $91.14 to $91.18, with a reported weighted average sale price of $91.164 per share.

What option exercise did Arun Sarin report for Schwab (SCHW)?

Arun Sarin exercised a nonqualified stock option for 7,866 shares. The option, granted under Schwab’s 2013 Stock Incentive Plan, had an exercise price of $28.96 per share and vested over three years before being fully exercised on May 13, 2026.

How many Schwab (SCHW) shares does Arun Sarin own after this Form 4?

After the reported transactions, Arun Sarin holds both direct and indirect Schwab shares. The filing shows 10,666 shares of Common Stock held directly and 23,983 shares held indirectly through a revocable trust as of the reported date.

Was the Schwab (SCHW) share sale made directly by Arun Sarin?

The sale was made by a revocable trust associated with Arun Sarin. The Form 4 marks the 2,500-share sale as indirect ownership "by Trust," and a footnote explains that the exercised shares were contributed to this revocable trust before being sold.

What plan governed the stock options exercised by Arun Sarin at Schwab (SCHW)?

The exercised options came from Schwab’s 2013 Stock Incentive Plan. A footnote notes that the option vested 25% on the first and second anniversaries of the grant date and 50% on the third anniversary before being exercised for 7,866 shares.

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

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Accepted by SEC EDGAR 05/14/2026 - 08:54 PM EDT Learn about SEC filing dates

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^*

Sarin Arun

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/13/2026		M		7,866	A	$28.96	10,666(1)	D
Common Stock	05/13/2026		S		2,500	D	$91.164(2)	23,983(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock	$28.96	05/13/2026		M			7,866	(3)	05/19/2026	Nonqualified Stock Option (right to buy)	7,866	$0	0	D

Explanation of Responses:

1. Reflects the contribution of the shares received upon exercise of the option to a revocable trust.

2. This transaction was executed in multiple trades at prices ranging from $91.14 to $91.18. 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. The option was granted under the company's 2013 Stock Incentive Plan and vested 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ P. Blake Allen, Attorney-in-fact	05/14/2026
	** 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)