Insider trade

Officer sold ~$301K of SCHW shares in the open market

Traded Nov 12, 2025 · Filed Nov 15, 2025

~$301K
Reported value · 3,072 sh @ $98.00: 12K
Holds after · shares reported: +0.3%
stock since the trade · S&P 500 +13.4%, $97.71 → $97.96 on Oct 5

Why it stands out

Charles Schwab Corporation's MD, Head of Advisor Services sold $301K 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: Nov 12, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 15, 2025

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

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$301,056

Shares × reported transaction price

Timing vs results

27 days after results of Oct 16, 2025, 70 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 $97.71 on Nov 12, 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 $98.69 (Aug 12, 2025), 97% of the way up, from 250 adjusted closes. 30 trading days earlier: $92.25 on Oct 1, 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	-1.5%	+0.5%	-2.0%
30 days	+5.1%	+0.9%	+4.3%
90 days	+1.3%	+2.6%	-1.3%
180 days	+0.5%	+11.0%	-10.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0002028977-25-000015
Filed / recorded: Nov 15, 2025, 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: Jonathan S Beatty
Relationship: Officer
Officer title: MD, Head of Advisor Services
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 12, 2025
Transaction code: S
Shares / units: 3,072
Price per share: $98.00
Acquired / disposed: Disposed (D)
Shares owned after: 11,923
Ownership form: Indirect — by Trust
Amendment: No

Footnotes from the filing

The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.
Reflects the contribution of 3,072 shares received upon exercise of the option to a trust.