Insider sales at 0.005% of market cap are noise for a $187B company. Monitor for a broader pattern of C-suite selling >0.1% of cap, but this cluster alone does not signal fundamental deterioration.
Price Chart
Executive Summary
Co-Chairman Charles Schwab, a director, and an MD sold a combined ~$9.8M in open-market stock over two days at ~$105-107/share. This is the largest insider-selling cluster at the company in recent months, but the total value is ~0.005% of the $187B market cap — well below the 0.1% materiality floor.
Key Financial Metrics
Key Facts
- Three insiders sold a net ~$9.79M in open-market stock on Aug 4-5, 2026.
- Sales represented ~0.005% of SCHW's $187.2B market cap — trivial in proportional terms.
- The largest sale was Co-Chairman Charles Schwab ($5.05M + $10.05M in a separate window trade).
- One MD exercised options and immediately sold (routine cashless exercise).
- Insider sales in large-cap financials are overwhelmingly liquidity/vesting-driven, not informational.
Financial Impact
Total open-market sales of ~$9.79M, ~0.005% of market cap.
Risk Factors
- If similarly-sized insider sales continue in the next 30 days, cumulative selling could reach a material threshold.
- The cluster falls during a period of elevated insider selling ($34M in prior 30 days), though total remains de minimis vs. market cap.
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-1786140937856 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $91.96 | awaiting T+20 | — | $90.58 (−1.50%) |
Oct 12, 2026 14d ago | ANALYST-UPGRADE | $97.06 | awaiting T+20 | — | $90.58 (−6.68%) |
Oct 2, 2026 24d ago | ANALYST-UPGRADE | $96.70 | awaiting T+20 | — | $90.58 (−6.33%) |
Sep 2, 2026 7w ago | Insider Cluster | $110.38 $96.70 | ▼ −12.39% | ▼ −11.21% | $90.58 (−17.94%) |
Aug 31, 2026 8w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $90.58 (−16.35%) |
Aug 31, 2026 8w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $90.58 (−16.35%) |
Aug 27, 2026 8w ago | Insider Cluster | $110.16 $98.30 | ▼ −10.77% | ▼ −11.03% | $90.58 (−17.77%) |
Aug 27, 2026 8w ago | Insider Cluster | $110.16 $98.30 | ▼ −10.77% | ▼ −11.03% | $90.58 (−17.77%) |
Aug 26, 2026 8w ago | Insider Cluster | $108.05 $99.49 | ▼ −7.92% | ▼ −7.41% | $90.58 (−16.17%) |
Aug 18, 2026 9w ago | Insider Cluster | $110.88 $107.79 | ▼ −2.79% | ▼ −1.27% | $90.58 (−18.31%) |
US Market Status
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