Insider trade

Director sold ~$1.04M of SCHW shares in the open market

Traded Feb 26, 2026 · Filed Mar 3, 2026

~$1.04M
Reported value · 11K sh @ $96.5682: 88K
Holds after · shares reported: +0.9%
stock since the trade · S&P 500 +10.8%, $97.52 → $98.37 on Oct 1

Why it stands out

A board member of Charles Schwab Corporation sold $1.04M of Charles Schwab Corporation shares. It happened by itself, for taxes or pay.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Feb 26, 2026
Reporting period: Not applicable
Filed with the SEC: Mar 3, 2026

DirectorIndirect holding$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,035,694

Shares × reported transaction price

Timing vs results

36 days after results of Jan 21, 2026, 49 days before results of Apr 16, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $97.52 on Feb 26, 2026, 41% above its 52-week low and 9% below its high, after a 4% drop over the previous 30 trading days

52-week range $69.06 (Apr 4, 2025) to $107.21 (Feb 9, 2026), 75% of the way up, from 251 adjusted closes. 30 trading days earlier: $101.18 on Jan 13, 2026. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references dividend reinvestment

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Oct 6, 2025 in the U.S. District Court, E.D. Texas. A filing is an allegation, not a finding.

2 such cases were open. Lewis v. Charles Schwab & Co., Inc., docket 4:25-cv-01086, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	-3.5%	-1.3%	-2.2%
30 days	-3.2%	-3.8%	+0.6%
90 days	-8.8%	+10.9%	-19.6%
180 days	+14.3%	+12.0%	+2.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0001561563-26-000005
Filed / recorded: Mar 3, 2026, 10:44 PM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: SCHWAB CHARLES CORP
Issuer CIK: 316709
Ticker: SCHW
Reporting person: Stephen A Ellis
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Feb 26, 2026
Transaction code: S
Shares / units: 10,725
Price per share: $96.5682
Acquired / disposed: Disposed (D)
Shares owned after: 87,562.5296
Ownership form: Indirect — by Trust
Amendment: No

Footnotes from the filing

This transaction was executed in multiple trades at prices ranging from $96.52 to $96.64. 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.
Includes 327.7634 shares acquired through dividend reinvestment.

Around the same time

6mo ago

1,899Shares · @ $28.38

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record

6mo ago

7,866Shares · @ $28.96

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record

6mo ago

1,899Derivative units · @ $1,899.00

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record