Insider trade

Officer sold ~$2.7M of SCHW shares in the open market

Traded Aug 10, 2026 · Filed Aug 11, 2026

~$2.7M
Reported value · 25K sh @ $109.0086: 58K
Holds after · shares reported: -8.9%
stock since the trade · S&P 500 -1.2%, $107.99 → $98.37 on Oct 1

Why it stands out

Charles Schwab Corporation's Chief Risk Officer sold $2.7M 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: Aug 10, 2026
Reporting period: Not applicable
Filed with the SEC: Aug 11, 2026

Officer$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$2,701,015

Shares × reported transaction price

Timing vs results

20 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 $107.99 on Aug 10, 2026, within 1% of its 52-week high, after a 19% rise over the previous 30 trading days

52-week range $85.35 (May 28, 2026) to $108.02 (Aug 5, 2026), 100% of the way up, from 251 adjusted closes. 30 trading days earlier: $90.67 on Jun 26, 2026. 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.

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	+3.7%	-0.4%	+4.1%
30 days	-0.3%	-1.6%	+1.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0001649599-26-000014
Filed / recorded: Aug 11, 2026, 12:05 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: Nigel J Murtagh
Relationship: Officer
Officer title: Chief Risk Officer
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Aug 10, 2026
Transaction code: S
Shares / units: 24,778
Price per share: $109.0086
Acquired / disposed: Disposed (D)
Shares owned after: 57,972.4846
Ownership form: Direct
Amendment: No

Footnotes from the filing

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
This transaction was executed in multiple trades at prices ranging from $109.00 to $109.04. 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

5w ago

3,177Shares · @ $52.05

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

Why it stands out Official record

Officer sold ~$346K of Charles Schwab Corporation

Scheduled in advance5w ago

5w ago

3,177Derivative units

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

Why it stands out Official record