Schwab Charles R.

Schwab Charles R., Co-Chairman of Charles Schwab Corp., has filed 90 Form 4 trades across two companies, with a heavy sell bias. The total value of open-market sales reached $342.2 million, while open-market purchases totaled just $3.4 million. The recent activity is almost entirely one-directional: 16 sales and 2 purchases in the last several months, with the purchases showing a value of zero in the filings. The dominant ticker is SCHW, the firm's own stock. Recent sales cluster in late July and August 2026, with individual transactions ranging from roughly $2.5 million to $13.2 million. On August 24, 2026, a single sale was valued at $13,244,411.70. Other August sales included $5,020,448.16 on August 12, $5,005,716.70 on August 11, and $5,054,569.05 on August 4. July sales included $10,100,060.84 on July 29 and $5,068,627.20 on July 28. The pattern is consistent: regular, sizable open-market sales of SCHW stock, with no corresponding purchases of that ticker. The two purchases are in LOCL, a separate company, both dated August 7, 2026, and both valued at zero in the filing. That zero value suggests the transactions were not open-market purchases with cash consideration, despite the P code. Gifts of SCHW stock appear frequently in the same period, including August 27, August 18, August 17, and August 6, all valued at zero. The overall record shows a consistent seller of SCHW shares, with the only recent buy activity occurring in a different, smaller ticker.