[Form 4] The Charles Schwab Corporation Insider Trading Activity

Rhea-AI Filing Summary

Director Stephen A. Ellis of Charles Schwab executed notable insider transactions on June 24, 2025:

• Exercised 1,853 nonqualified stock options at a strike price of $33.12 per share
• Acquired 1,853 shares of common stock through option exercise
• Contributed the newly acquired shares plus additional 2,379 shares to a revocable trust

Following these transactions, Ellis's holdings include:

• 6,660 shares held directly
• 93,389 shares held indirectly through trust (including 304 shares from dividend reinvestment)

The stock options were granted under the Directors' Deferred Compensation Plan II with immediate vesting and were set to expire on July 1, 2025. This Form 4 filing was submitted by attorney-in-fact P. Blake Allen on June 26, 2025.

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^*

Ellis Stephen A

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

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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	06/24/2025		M		1,853	A	$33.12	6,660(1)	D
Common Stock								93,389.6514(1)(2)	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)	$33.12	06/24/2025		M			1,853	(3)	07/01/2025	Common Stock	1,853	$0	0	D

Explanation of Responses:

1. Reflects the contribution of shares received upon exercise of the option and 2,379.1115 other shares to a revocable trust.

2. Includes 304.2606 shares acquired through dividend reinvestment.

3. The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	06/26/2025
	** 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 trading activity occurred at Charles Schwab (SCHW) on June 24, 2025?

Director Stephen A. Ellis exercised 1,853 nonqualified stock options at a strike price of $33.12 per share, acquiring the same number of common shares. These shares were subsequently contributed to a revocable trust.

How many shares does SCHW Director Stephen Ellis own after the June 2025 transaction?

After the transaction, Stephen Ellis beneficially owns 100,049.6514 shares total, consisting of 6,660 shares held directly and 93,389.6514 shares held indirectly through a trust. The trust holdings include shares from the recent option exercise and 304.2606 shares acquired through dividend reinvestment.

What was the exercise price of SCHW stock options exercised by Director Ellis?

The nonqualified stock options were exercised at a price of $33.12 per share. These options were originally received under the Directors' Deferred Compensation Plan II and were set to expire on July 1, 2025.

When do Stephen Ellis's remaining SCHW stock options expire?

After this transaction, Stephen Ellis has no remaining stock options, as the Form 4 shows that following the exercise of 1,853 options, the number of derivative securities beneficially owned is 0.