Insider trade

Director sold ~$228K of SCHW shares in the open market

Traded May 13, 2026 · Filed May 15, 2026

~$228K
Reported value · 2,500 sh @ $91.164: 24K
Holds after · shares reported: +7.9%
stock since the trade · S&P 500 +2.9%, $91.17 → $98.37 on Oct 1

Why it stands out

A board member of Charles Schwab Corporation sold $228K 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 13, 2026
Reporting period: Not applicable
Filed with the SEC: May 15, 2026

DirectorIndirect holding$100K–$500K

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$227,910

Shares × reported transaction price

Timing vs results

27 days after results of Apr 16, 2026, 69 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 $91.17 on May 13, 2026, within 5% of its 52-week low, after a 3% drop over the previous 30 trading days

52-week range $87.16 (May 14, 2025) to $107.21 (Feb 9, 2026), 20% of the way up, from 251 adjusted closes. 30 trading days earlier: $93.98 on Mar 31, 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	-0.8%	+0.9%	-1.7%
30 days	+0.1%	+2.1%	-2.0%
90 days	+21.1%	+5.2%	+15.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0001188405-26-000005
Filed / recorded: May 15, 2026, 12:54 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: Arun Sarin
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: May 13, 2026
Transaction code: S
Shares / units: 2,500
Price per share: $91.164
Acquired / disposed: Disposed (D)
Shares owned after: 23,983
Ownership form: Indirect — by Trust
Amendment: No

Footnotes from the filing

This transaction was executed in multiple trades at prices ranging from $91.14 to $91.18. 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.
Reflects the contribution of the shares received upon exercise of the option to a revocable trust.