Charles Schwab Files Form 144 to Sell $6.03M in SCHW Stock

Insider Filing Overview: Form 144 Notice of Proposed Sale

Charles R. Schwab, Founder, Officer, and Director of The Charles Schwab Corporation ($SCHW), has filed a Form 144 indicating a proposed sale of 67,050 shares of common stock through The Charles Schwab Corporation.

Transaction Summary

• Filing Date: October 29, 2026
• Approximate Sale Date: October 29, 2026
• Shares to be Sold: 67,050
• Aggregate Market Value: $6,028,049.79 (~$89.90 per share)
• Shares Outstanding: 1,729,335,714
• Percentage of Outstanding: ~0.0039%
• Acquisition Origin: Leveraged buyout from issuer on March 31, 1987
• Ownership Entity: Charles R. Schwab TTEE, Charles and Helen Schwab Living Trust

Prior 3-Month Activity

The filing lists multiple recent open market dispositions by the trust over the preceding 90 days:

• 10/28/2026: 66,750 shares ($5,897,759.00)
• 08/24/2026: 117,000 shares ($13,244,412.00)
• 08/14/2026: 90,500 shares ($10,055,311.00)
• 08/13/2026: 91,325 shares ($10,004,360.00)
• 08/12/2026: 46,410 shares ($5,020,448.00)
• 08/11/2026: 46,445 shares ($5,005,719.00)
• 08/04/2026: 47,650 shares ($5,054,571.00)
• 08/03/2026: 95,250 shares ($10,050,418.00)

Market & Significance Assessment

• Significance: Medium
• While any transaction involving founder Charles Schwab carries symbolic weight, this proposed disposition represents a tiny fraction of the total shares outstanding (under 0.004%) and aligns with his established cadence of estate planning and trust-based liquidations observed across August and late October 2026.