Insider trade

Chair sold ~$13.9M of SCHW shares in the open market

Traded Jan 26, 2026 · Filed Jan 29, 2026

~$13.9M
Reported value · 135K sh @ $103.0864: 56.1M
Holds after · shares reported: -4.4%
stock since the trade · S&P 500 +10.3%, $102.94 → $98.37 on Oct 1

Why it stands out

Charles Schwab Corporation's Co-Chairman sold $13.9M 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: Jan 26, 2026
Reporting period: Not applicable
Filed with the SEC: Jan 29, 2026

ChairIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$13,905,840

Shares × reported transaction price

Timing vs results

5 days after results of Jan 21, 2026, 80 days before results of Apr 16, 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 $102.94 on Jan 26, 2026, within 2% of its 52-week high, after a 7% rise over the previous 30 trading days

52-week range $69.06 (Apr 4, 2025) to $104.05 (Jan 22, 2026), 97% of the way up, from 251 adjusted closes. 30 trading days earlier: $95.81 on Dec 10, 2025. 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.

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	-1.4%	-2.4%	+0.9%
30 days	-7.7%	-1.1%	-6.6%
90 days	-11.9%	+2.5%	-14.4%
180 days	+2.4%	+6.8%	-4.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0000923738-26-000002
Filed / recorded: Jan 29, 2026, 2:09 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: Charles R. Schwab
Relationship: Director, Officer
Officer title: Co-Chairman
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jan 26, 2026
Transaction code: S
Shares / units: 134,895
Price per share: $103.0864
Acquired / disposed: Disposed (D)
Shares owned after: 56,119,454
Ownership form: Indirect — by Trust
Amendment: No

Footnotes from the filing

This transaction was executed in multiple trades at prices ranging from $102.77 to $103.49. 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 134,895 shares received upon exercise of the option to a living trust.