Insider trade

Officer sold ~$204K of SCHW shares in the open market

Traded Dec 23, 2025 · Filed Dec 29, 2025

~$204K
Reported value · 2,000 sh @ $102.0108: 12K
Holds after · shares reported: -2.8%
stock since the trade · S&P 500 +11.1%, $101.18 → $98.37 on Oct 1

Why it stands out

Charles Schwab Corporation's MD, Head of Advisor Services sold $204K of Charles Schwab Corporation shares. It was planned long ago, so it says very little.

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: Dec 23, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 29, 2025

OfficerIndirect holding$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$204,022

Shares × reported transaction price

Timing vs results

68 days after results of Oct 16, 2025, 29 days before results of Jan 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 $101.18 on Dec 23, 2025, within 1% of its 52-week high, after a 6% rise over the previous 30 trading days

52-week range $69.06 (Apr 4, 2025) to $101.41 (Dec 22, 2025), 99% of the way up, from 250 adjusted closes. 30 trading days earlier: $95.58 on Nov 10, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

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	+3.0%	+0.7%	+2.3%
30 days	+2.9%	+1.0%	+1.9%
90 days	-7.5%	-8.0%	+0.6%
180 days	-9.9%	+7.9%	-17.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0002028977-25-000018
Filed / recorded: Dec 29, 2025, 11:01 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: Jonathan S Beatty
Relationship: Officer
Officer title: MD, Head of Advisor Services
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 23, 2025
Transaction code: S
Shares / units: 2,000
Price per share: $102.0108
Acquired / disposed: Disposed (D)
Shares owned after: 11,923
Ownership form: Indirect — by Trust
Amendment: No

Footnotes from the filing

The transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.
This transaction was executed in multiple trades at prices ranging from $102.00 to $102.035. 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 affected.
Reflects the contribution of 2,000 shares received upon exercise of the option to a trust.