Co-Chairman Charles Schwab Sells $18.1 Million of Schwab Stock
Charles Schwab, co-chairman of the brokerage that bears his name, sold 203,150 shares of the brokerage's stock for $18.1 million over two days this week, according to a Form 4 filed with the Securities and Exchange Commission on Thursday.
The sales were made through a trust on Wednesday, Oct. 28, and Thursday, Oct. 29. The filing did not mark the trades as made under a Rule 10b5-1 trading plan, the prearranged schedules many executives use to sell stock.
Two blocks of sales
- Oct. 28: 66,750 shares at a weighted average price of $88.3559, in trades ranging from $88.185 to $88.59
- Oct. 29: 136,400 shares at a weighted average price of $89.5005, in trades ranging from $89.06 to $89.92
Together, the sales totaled $18,105,625.
Still a very large holder
The trust that sold the shares held 53,346,291 Schwab shares after the transactions. The filing also lists 30,021,463 shares held through a limited partnership, 44,025 shares held by 188 Corp and 10,624,797.33 shares held by his spouse as trustee.
The shares sold represent 0.38% of the trust's holdings before the sales.
Schwab is listed on the form as both a director and an officer of the company, with the title of co-chairman.
By the numbers
- 203,150: shares sold
- $18.1 million: total proceeds
- $88.185 to $89.92: full range of sale prices
- 53,346,291: shares held by the selling trust afterward
- 30,021,463: shares held through a limited partnership
Sources
- Form 4 filed by Charles R. Schwab for The Charles Schwab Corporation, filed Oct. 29, 2026 (accession 0000923738-26-000048)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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