Form 4: Charles Schwab Co-Chairman Sells $15M in Pre-Planned Stock Sale

Charles R. Schwab, Co-Chairman of The Charles Schwab Corporation, reported the sale of 145,650 shares of common stock for approximately $15 million on January 29, 2026, executed under a Rule 10b5-1 plan.

Summary

• Charles R. Schwab, Co-Chairman of The Charles Schwab Corporation (SCHW), sold 145,650 shares of common stock.
• The transaction occurred on January 29, 2026, and was executed under a Rule 10b5-1 trading plan.
• The shares were sold at a weighted average price of $103.1649 per share, totaling approximately $15,027,000.
• Following the transaction, Mr. Schwab beneficially owns 55,947,329 shares indirectly through a Trust, 30,641,981 shares indirectly through a Limited Partnership, 44,025 shares indirectly through 188 Corp, and 9,509,797.33 shares indirectly through his Spouse as Trustee.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale was pre-planned under a Rule 10b5-1 plan, indicating it's likely for personal financial management rather than a reaction to new company-specific information.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales executed under a Rule 10b5-1 plan are typically pre-scheduled and often reflect personal financial planning rather than a change in management's outlook on the company's prospects. Such transactions are common among executives for diversification or liquidity purposes.

Related Party Transactions

• Charles R. Schwab beneficially owns 55,947,329 shares indirectly through a Trust.
• Charles R. Schwab beneficially owns 30,641,981 shares indirectly through a Limited Partnership.
• Charles R. Schwab beneficially owns 44,025 shares indirectly through 188 Corp.
• Charles R. Schwab beneficially owns 9,509,797.33 shares indirectly through his Spouse as Trustee.

Stakeholder Impact

• Shareholders may observe the transaction as part of routine insider activity, with minimal direct impact on company operations or strategy.
• The sale under a 10b5-1 plan suggests it is not a signal of management's immediate view on the company's short-term prospects.

Key Dates

Recommendation

The sale by Charles R. Schwab is a pre-planned transaction under a Rule 10b5-1 plan, which typically indicates personal financial management rather than a change in the company's fundamental outlook. Given the routine nature of such sales for diversification or liquidity, it does not provide new information that would warrant a change in investment recommendation for SCHW.

Keywords

Charles Schwab, SCHW, insider trading, stock sale, Form 4, 10b5-1 plan, beneficial ownership, Co-Chairman