Insider trade

Chair sold ~$10M of SCHW shares in the open market

Traded May 4, 2026 · Filed May 6, 2026

~$10M
Reported value · 109K sh @ $91.5043: 30.4M
Holds after · shares reported: +7.5%
stock since the trade · S&P 500 +6.4%, $91.48 → $98.37 on Oct 1

Why it stands out

Charles Schwab Corporation's Co-Chairman sold $10M of Charles Schwab Corporation shares. Nobody planned it ahead of time.

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: May 4, 2026
Reporting period: Not applicable
Filed with the SEC: May 6, 2026

ChairIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$10,001,420

Shares × reported transaction price

Timing vs results

18 days after results of Apr 16, 2026, 78 days before results of Jul 21, 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 $91.48 on May 4, 2026, 10% above its 52-week low and 15% below its high, after a 3% drop over the previous 30 trading days

52-week range $82.83 (May 6, 2025) to $107.21 (Feb 9, 2026), 35% of the way up, from 251 adjusted closes. 30 trading days earlier: $94.66 on Mar 20, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

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.

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	-0.1%	+2.3%	-2.3%
30 days	-1.6%	+1.0%	-2.6%
90 days	+20.7%	+5.2%	+15.5%

Past results only. Not a forecast.

Source receipt

Record ID: 0000923738-26-000020
Filed / recorded: May 6, 2026, 9:41 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: Charles R. Schwab
Relationship: Director, Officer
Officer title: Co-Chairman
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: May 4, 2026
Transaction code: S
Shares / units: 109,300
Price per share: $91.5043
Acquired / disposed: Disposed (D)
Shares owned after: 30,374,068
Ownership form: Indirect — by Limited Partnership
Amendment: No

Footnotes from the filing

This transaction was executed in multiple trades at prices ranging from $91.50 to $91.545. 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.

Around the same time

4mo ago

6,519Shares · @ $87.42

Routine share withholding; mechanical by default.

Why it stands out Official record

4mo ago

1,602Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

4mo ago

3,977Derivative units

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record