A cluster of insider selling at Charles Schwab, totaling ~$10.5M in open-market sales over a week, includes the Co-Chairman, Chief Risk Officer, and two Managing Directors. This selling occurred within days of two debt offerings totaling $2.6B, raising the possibility that insiders were aware of the capital raise. While the dollar amount is modest relative to Schwab's $193B market cap (~0.005%), the breadth of senior insiders selling simultaneously warrants attention, though the cluster is not amplified by the proportionality threshold.
Price Chart
Executive Summary
A cluster of insider selling at Charles Schwab, totaling ~$10.5M in open-market sales over a week, includes the Co-Chairman, Chief Risk Officer, and two Managing Directors. This selling occurred within days of two debt offerings totaling $2.6B, raising the possibility that insiders were aware of the capital raise. While the dollar amount is modest relative to Schwab's $193B market cap (~0.005%), the breadth of senior insiders selling simultaneously warrants attention, though the cluster is not amplified by the proportionality threshold.
Key Financial Metrics
Key Facts
- Total open-market insider sales of ~$10.5M over a 7-day window.
- Co-Chairman Charles Schwab sold ~$5.02M worth of shares.
- Chief Risk Officer Nigel Murtagh sold ~$2.7M worth of shares.
- Sales occurred within 8-9 days of two debt offerings totaling $2.6B.
- Total sales represent ~0.005% of Schwab's $193.1B market cap.
- Two additional non-cash gifts from Charles Schwab (100,050 shares, $0 value) are included in the cluster.
Financial Impact
~$10.5M in open-market insider sales, representing ~0.005% of market cap.
Risk Factors
- Insider selling may signal a lack of confidence in near-term stock performance.
- Proximity to debt offerings could indicate insiders were aware of capital needs.
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-1787180492857 |
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 7w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $89.73 (−17.13%) |
Aug 31, 2026 7w 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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