[Form 4] The Charles Schwab Corporation Insider Trading Activity

Rhea-AI Filing Summary

Charles R. Schwab, identified as Co-Chairman and a director of The Charles Schwab Corporation (SCHW), reported sales of common stock on 08/26/2025 and 08/27/2025. The Form 4 shows a sale of 136,500 shares on 08/26/2025 at a weighted average price of $96.666 and a sale of 136,500 shares on 08/27/2025 at a weighted average price of $97.044. Beneficial ownership lines reported after the transactions list 56,467,949 shares and 56,331,449 shares, respectively, held indirectly by trusts, plus additional indirect holdings described as 9,509,797.33 shares by spouse as trustee, 30,641,981 by a limited partnership, and 44,025 by 188 Corp. The form is signed by attorney-in-fact P. Blake Allen on 08/28/2025.

Positive

• None.

Negative

• Insider dispositions: Two sales totaling 273,000 shares (136,500 shares on 08/26/2025 at weighted average price $96.666 and 136,500 shares on 08/27/2025 at weighted average price $97.044) were reported.
• Reduction in reported indirect holdings: Beneficial ownership lines after the transactions show 56,467,949 and 56,331,449 shares held indirectly by trusts, reflecting the reported sales.

Insights

Securities/Fundamental Analyst

TL;DR: Insider reported two routine open-market sales totaling 273,000 shares with weighted average prices near $97.

The filing documents two discrete sale transactions by Charles R. Schwab on 08/26/2025 and 08/27/2025, each for 136,500 shares, reported at weighted average sale prices of $96.666 and $97.044 respectively. Ownership lines show substantial indirect holdings via trusts, a limited partnership, spouse-as-trustee, and an entity, indicating that these sales represent a small portion of total reported indirect holdings. The disclosure is timely and follows Form 4 reporting requirements, improving transparency of insider activity.

Corporate Governance Expert

TL;DR: Form 4 is a standard compliance disclosure of insider dispositions; no governance red flags are apparent from the filing alone.

The report identifies Charles R. Schwab as Co-Chairman and director and discloses sales executed in multiple trades with weighted average prices provided. The presence of multiple indirect ownership vehicles is noted. The form was signed by an attorney-in-fact, consistent with permitted filing practices. The filing contains explanatory notes about price ranges and an undertaking to provide detailed trade information on request, which aligns with common disclosure practice.

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
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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^*

Schwab Charles R.

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TX 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/26/2025		S		136,500	D	$96.666(1)	56,467,949	I	by Trust
Common Stock	08/27/2025		S		136,500	D	$97.044(2)	56,331,449	I	by Trust
Common Stock								9,509,797.33	I	by Spouse as Trustee
Common Stock								30,641,981	I	by Limited Partnership
Common Stock								44,025	I	by 188 Corp

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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $96.44 to $96.92. 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.

2. This transaction was executed in multiple trades at prices ranging from $96.895 to $97.245. 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.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	08/28/2025
	** 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.

FAQ

What insider transactions did Charles R. Schwab report on Form 4 (SCHW)?

Answer: The Form 4 reports sales of 136,500 shares on 08/26/2025 at a weighted average price of $96.666 and 136,500 shares on 08/27/2025 at $97.044.

How many shares did the Form 4 show as beneficially owned after the reported transactions?

Answer: The filing lists indirect beneficial ownership amounts of 56,467,949 shares and 56,331,449 shares following the respective reported transactions, plus other indirect holdings of 9,509,797.33, 30,641,981, and 44,025 shares by other vehicles.

Who signed the Form 4 and when was it signed?

Answer: The Form 4 was signed by attorney-in-fact P. Blake Allen on 08/28/2025.

Were the sale prices reported as single prices or weighted averages?

Answer: Each reported price is a weighted average sale price and the filing discloses the ranges of prices for the multiple trades that comprised each transaction.

Does the Form 4 indicate the reporting person’s relationship to the issuer?

Answer: Yes; Charles R. Schwab is identified as a Director and Co-Chairman (Officer) of The Charles Schwab Corporation.