The insider sales are immaterial in size and follow a strong earnings report and a capital raise. No bearish signal. Monitor for any acceleration in insider selling volume or pattern changes in future filings.
Price Chart
Executive Summary
Two insiders at Charles Schwab sold a total of $3.51M in open-market sales over a 7-day window, following the company's Q1 2026 earnings release and a $1.5B preferred stock offering. The sales are modest relative to the $157.9B market cap (0.002%) and are likely routine portfolio diversification, not a signal of distress.
Key Financial Metrics
Key Facts
- Co-Chairman Charles R. Schwab sold 72,900 shares total for ~$6.58M on April 23 and April 27.
- Director Frank C. Herringer sold 2,520 shares for $228K on April 28 after exercising derivatives.
- Total open-market sales: $3.51M, representing ~0.002% of market cap.
- Sales occurred 8-13 days after Q1 2026 earnings (record revenue $6.48B, EPS $1.37) and 5-8 days after a $1.5B preferred stock offering.
- No open-market purchases in the cluster.
Financial Impact
Insider sales total $3.51M, negligible relative to $157.9B market cap.
Risk Factors
- Insider selling could increase if stock price appreciates further, but current levels are routine.
- The preferred stock offering adds $1.5B in perpetual preferred equity, modestly increasing fixed charges.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SCHW-1777505992650 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $91.96 | awaiting T+20 | — | $89.30 (−2.89%) |
Oct 12, 2026 15d ago | ANALYST-UPGRADE | $97.06 | awaiting T+20 | — | $89.30 (−8.00%) |
Oct 2, 2026 25d ago | ANALYST-UPGRADE | $96.70 | awaiting T+20 | — | $89.30 (−7.65%) |
Sep 2, 2026 7w ago | Insider Cluster | $110.38 $96.70 | ▼ −12.39% | ▼ −11.21% | $89.30 (−19.10%) |
Aug 31, 2026 8w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $89.30 (−17.53%) |
Aug 31, 2026 8w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $89.30 (−17.53%) |
Aug 27, 2026 8w ago | Insider Cluster | $110.16 $98.30 | ▼ −10.77% | ▼ −11.03% | $89.30 (−18.94%) |
Aug 27, 2026 8w ago | Insider Cluster | $110.16 $98.30 | ▼ −10.77% | ▼ −11.03% | $89.30 (−18.94%) |
Aug 26, 2026 8w ago | Insider Cluster | $108.05 $99.49 | ▼ −7.92% | ▼ −7.41% | $89.30 (−17.35%) |
Aug 18, 2026 9w ago | Insider Cluster | $110.88 $107.79 | ▼ −2.79% | ▼ −1.27% | $89.30 (−19.46%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers