Paul V. Woolway - Mar 24, 2025 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
MD, Chief Banking Officer
Signature
/s/ P. Blake Allen, Attorney-in-fact
Stock symbol
SCHW
Transactions as of
Mar 24, 2025
Transactions value $
-$327,514
Form type
4
Date filed
3/27/2025, 06:09 PM
Previous filing
Mar 7, 2025
Next filing
Apr 2, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Options Exercise $362K +8.61K +34.25% $41.98 33.8K Mar 24, 2025 Direct F1, F2, F3
transaction SCHW Common Stock Sale -$689K -8.61K -14.9% $80.00 49.2K Mar 24, 2025 by Trust F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SCHW Nonqualified Stock Option (right to buy) Options Exercise $0 -8.61K -33.33% $0.00 17.2K Mar 24, 2025 Common Stock 8.61K $41.98 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on November 15, 2024.
F2 Reflects the contribution of 8,614 shares received upon exercise of the option to a trust.
F3 Includes the contribution of 9,887 shares to a trust.
F4 The transaction was executed in multiple trades at prices ranging from $80.00 to $80.01. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the transfer of shares and prices at which the transaction was effected.
F5 The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.