Schwab executive exercises options, sells 21,750 shares

Schwab Charles Corp executive Jonathan M. Craig, MD, Head of Retail Investing, exercised 21,750 nonqualified stock options at $46.81 per share, receiving the same number of common shares.

Rhea-AI Filing Summary

Schwab Charles Corp executive Jonathan M. Craig, MD, Head of Retail Investing, exercised 21,750 nonqualified stock options at $46.81 per share, receiving the same number of common shares. These shares were contributed to a revocable trust, which sold 21,750 shares at a weighted average $107.0231 under a Rule 10b5-1 trading plan adopted on November 11, 2025. Craig continues to hold 21,866 stock options expiring 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 21,750 shs ($2.33M)

Approx. gross sale proceeds $2.33M

Approx. exercise cost $1.02M

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy) F4	21,750	$0.00	$0.00
Exercise	Common Stock F1	21,750	$46.81	$1.02M
Sale	Common Stock F2, F3, F1	21,750	$107.0231	$2.33M

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 21,866 contracts (Direct); Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, by Trust)

Footnotes (4)

1. F1. Reflects the contribution of the shares received upon exercise of the option to a revocable trust.
2. 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.
3. F3. The transaction was executed in multiple trades at prices ranging from $107.005 to $107.06. 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. 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: 21,750 shares Exercise Price: $46.81 per share Shares Sold: 21,750 shares +4 more

7 metrics

Options Exercised 21,750 shares Nonqualified stock options exercised on August 5, 2026

Exercise Price $46.81 per share Exercise price of nonqualified stock options

Shares Sold 21,750 shares Common stock sold indirectly by revocable trust on August 5, 2026

Weighted Average Sale Price $107.0231 per share Sales executed between $107.005 and $107.06

Remaining Options 21,866 options Nonqualified stock options held after the reported exercise

Option Expiration March 1, 2029 Expiration date of the nonqualified stock options exercised

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

Key Terms

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

5 terms

Nonqualified Stock Option financial

"exercised 21,750 nonqualified stock options at $46.81 per share"

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 financial

"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.

revocable trust financial

"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"

FAQ

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

What insider transactions did SCHW executive Jonathan M. Craig report?

Jonathan M. Craig exercised 21,750 stock options at $46.81 and the resulting shares were sold. A revocable trust associated with him sold 21,750 common shares at a weighted average price of $107.0231, all on August 5, 2026.

At what prices were Jonathan M. Craig’s SCHW shares exercised and sold?

Craig exercised options at an exercise price of $46.81 per SCHW share and the trust sold 21,750 shares. The sales occurred at a weighted average price of $107.0231 per share, within a range of $107.005 to $107.06.

How many SCHW options does Jonathan M. Craig hold after these transactions?

After exercising 21,750 options, Craig continues to hold 21,866 nonqualified stock options in SCHW. These remaining options, granted under the company’s 2013 Stock Incentive Plan, are scheduled to expire on March 1, 2029, according to the disclosure.

Were Jonathan M. Craig’s SCHW share sales under a Rule 10b5-1 plan?

Yes. The SCHW share sales were executed under a Rule 10b5-1 trading plan adopted by Craig on November 11, 2025. This pre-arranged plan governed the August 5, 2026 sales reported in the Form 4 filing.

What role did a revocable trust play in Jonathan M. Craig’s SCHW transactions?

Shares received from the option exercise were contributed to a revocable trust, which then sold 21,750 SCHW shares. The filing notes the indirect ownership as “by Trust,” attributing the reported sales to that revocable trust associated with Craig.

Under which plan were Jonathan M. Craig’s SCHW options granted and how did they vest?

Craig’s exercised options were granted under SCHW’s 2013 Stock Incentive Plan and vested in four equal annual installments. Vesting began on the first anniversary of the grant date, as specified in the disclosure’s option-related footnote.

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

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Available on EDGAR 08/07/2026 - 06:15 PM Accepted by SEC EDGAR 08/07/2026 - 06:15 PM 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).

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)

	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)
08/05/2026

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	08/05/2026		M		21,750	A	$46.81	0(1)	D
Common Stock	08/05/2026		S(2)		21,750	D	$107.0231(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Nonqualified Stock Option (right to buy)	$46.81	08/05/2026		M			21,750	(4)	03/01/2029	Common Stock	21,750	$0	21,866	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 $107.005 to $107.06. 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-fact	08/07/2026
	** 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)