Charles R. Schwab Sells $18.1M in Schwab ($SCHW) Stock

Transaction Overview

On October 28 and October 29, 2026, Charles R. Schwab, Co-Chairman and Founder of The Charles Schwab Corporation ($SCHW), reported the open-market sale of 203,150 shares of Common Stock held indirectly through a trust. The sales generated aggregate gross proceeds of approximately $18.11 million at weighted average prices between $88.36 and $89.50.

Transaction Breakdown

• October 28, 2026: Sold 66,750 shares at a weighted average price of $88.3559 (range: $88.185 to $88.59), totaling ~$5.90M.
• October 29, 2026: Sold 136,400 shares at a weighted average price of $89.5005 (range: $89.06 to $89.92), totaling ~$12.21M.

Ownership and Impact Analysis

Following these transactions, the trust holds 53,346,291 shares. In addition, Mr. Schwab reports indirect ownership of:

• 30,021,463 shares through a Limited Partnership
• 10,624,797.33 shares through Spouse as Trustee
• 44,025 shares through 188 Corp

Combined, Mr. Schwab retains indirect beneficial ownership of over 94 million shares of SCHW common stock. The 203,150 shares disposed of in this filing represent less than 0.25% of his aggregate holdings, indicating that the transactions represent routine liquidity or portfolio rebalancing rather than a major change in his long-term position.