Insider selling is routine and insignificant given the amounts. Focus on Schwab's upcoming quarterly results and any regulatory changes affecting broker-dealers. The recent preferred offering is a normal capital management move.
Price Chart
Executive Summary
A cluster of insider selling at Charles Schwab totaling ~$19M in open-market sales over the past week, led by Co-Chairman Charles Schwab. The selling is trivial relative to the company's $159B market cap (~0.012%) and follows a $1.5B preferred stock offering. No material negative signal.
Key Financial Metrics
Key Facts
- Co-Chairman Charles Schwab sold 205,193 shares worth ~$18.7M across four open-market trades.
- Director Frank Herringer sold 2,520 shares worth $228K after exercising options.
- Total insider selling of ~$19M represents 0.012% of Schwab's $159B market cap.
- Occurs 10 days after a $1.5B depositary share offering (Series L preferred stock).
Financial Impact
Insider selling of ~$19M is immaterial relative to $159B market cap.
Risk Factors
- None from this cluster; selling is likely pre-planned diversification.
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-1777676828035 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $91.96 | awaiting T+20 | — | $89.73 (−2.42%) |
Oct 12, 2026 14d ago | ANALYST-UPGRADE | $97.06 | awaiting T+20 | — | $89.73 (−7.55%) |
Oct 2, 2026 24d ago | ANALYST-UPGRADE | $96.70 | awaiting T+20 | — | $89.73 (−7.21%) |
Sep 2, 2026 7w ago | Insider Cluster | $110.38 $96.70 | ▼ −12.39% | ▼ −11.21% | $89.73 (−18.71%) |
Aug 31, 2026 8w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $89.73 (−17.13%) |
Aug 31, 2026 8w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $89.73 (−17.13%) |
Aug 27, 2026 8w ago | Insider Cluster | $110.16 $98.30 | ▼ −10.77% | ▼ −11.03% | $89.73 (−18.55%) |
Aug 27, 2026 8w ago | Insider Cluster | $110.16 $98.30 | ▼ −10.77% | ▼ −11.03% | $89.73 (−18.55%) |
Aug 26, 2026 8w ago | Insider Cluster | $108.05 $99.49 | ▼ −7.92% | ▼ −7.41% | $89.73 (−16.96%) |
Aug 18, 2026 9w ago | Insider Cluster | $110.88 $107.79 | ▼ −2.79% | ▼ −1.27% | $89.73 (−19.07%) |
US Market Status
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