Insider selling at this scale relative to market cap is routine and non-informative. Monitor for any material business developments (e.g., earnings, regulatory changes, capital allocation shifts) that could affect the stock, but this cluster alone does not warrant a position change.
Price Chart
Executive Summary
Five SCHW insiders sold $22.06M in shares over a one-week window, but this represents only ~0.012% of the $184.1B market cap — a trivial amount. The cluster includes the Co-Chairman, Chief Risk Officer, and a top technology officer, but the dollar value is far below the 0.1% materiality threshold, and insider sales are generally weak predictive signals. No actionable information is conveyed.
Key Financial Metrics
Key Facts
- Five insiders sold a total of $22.06M in SCHW stock between July 27 and August 3, 2026.
- Total sales represent ~0.012% of SCHW's $184.1B market capitalization.
- Sellers include Co-Chairmen Charles Schwab and Walter Bettinger, Chief Risk Officer Nigel Murtagh, and MD/CTO Dennis Howard.
- No insider purchases were reported in the cluster; all transactions were open-market sales.
Financial Impact
Routine insider selling; aggregate value of $22.06M is immaterial relative to company size.
Risk Factors
- Continued insider selling at larger volumes could signal a change in sentiment, but current levels are negligible.
- No imminent catalyst identified; stock remains driven by macro rates and brokerage industry trends.
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-1785886055674 |
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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