Charles Schwab MD Neesha Hathi Exercises and Sells Shares via 10b5-1 Plan

Executive Summary

On October 1, 2026, Neesha Hathi, Managing Director and Head of Wealth Advisory, Banking, and Trust at Charles Schwab Corp ($SCHW), executed an option exercise and concurrent sale of 5,000 shares of common stock. The transactions were carried out pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on May 29, 2026.

Transaction Breakdown

• Option Exercise: Exercised 5,000 non-qualified stock options with an exercise price of $41.98 per share (expiring March 2, 2030).
• Open Market Sale: Sold 5,000 shares indirectly held via trust at a weighted-average price of $97.8014 (price range $97.275 – $98.23), generating gross proceeds of approximately $489,007.
• Net Cash Realized: Gross spread of approximately $279,107 before taxes and transaction fees.

Post-Transaction Holdings

• Common Stock: 5,770 shares held indirectly through a trust (0 direct shares).
• Derivative Holdings: 13,950 unexercised stock options remaining under the 2013 Stock Incentive Plan.

Market Significance

This transaction is categorized as Low significance. It represents a routine, programmatic exercise and sale under an established Rule 10b5-1 trading plan, minimizing implications regarding insider sentiment or non-public operational insights.