Insider trade

Chair sold ~$20M of SCHW shares in the open market

Traded Jul 27, 2026 · Filed Jul 30, 2026

~$20M
Reported value · 192K sh @ $103.9022: 529K
Holds after · shares reported: -5.6%
stock since the trade · S&P 500 +3.4%, $104.18 → $98.37 on Oct 1

Why it stands out

Charles Schwab Corporation's Co-Chairman sold $20M 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: Jul 27, 2026
Reporting period: Not applicable
Filed with the SEC: Jul 30, 2026

ChairIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$19,999,927

Shares × reported transaction price

Timing vs results

6 days after 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 $104.18 on Jul 27, 2026, within 3% of its 52-week high, after a 17% rise over the previous 30 trading days

52-week range $85.35 (May 28, 2026) to $107.21 (Feb 9, 2026), 86% of the way up, from 251 adjusted closes. 30 trading days earlier: $88.70 on Jun 11, 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	+3.2%	+3.6%	-0.4%
30 days	+5.3%	+3.4%	+1.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0001296479-26-000009
Filed / recorded: Jul 30, 2026, 12:57 AM 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: Walter W Bettinger
Relationship: Director, Officer
Officer title: Co-Chairman
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jul 27, 2026
Transaction code: S
Shares / units: 192,488
Price per share: $103.9022
Acquired / disposed: Disposed (D)
Shares owned after: 529,346
Ownership form: Indirect — by Family Trust
Amendment: No

Footnotes from the filing

This transaction was executed in multiple trades at prices ranging from $103.61 to $104.27. 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

6w ago

9,300Shares

Gift or transfer — classified separately from trades.

Why it stands out Official record

Director sold6w ago

~$1MReported value · 9,175 sh @ $109.2531

A board member of Charles Schwab Corporation sold $1M of Charles Schwab Corporation shares. Nobody planned it ahead of time.

Why it stands out Official record

Chair sold6w ago

~$13.2MReported value · 117K sh @ $113.2001

Charles Schwab Corporation's Co-Chairman sold $13.2M of Charles Schwab Corporation shares. Nobody planned it ahead of time.

Why it stands out Official record