The selling is routine and proportional to a $187B market cap — no bearish signal. Monitor for any upcoming earnings or regulatory filings that might explain the timing, but this cluster alone does not warrant a trade.
Price Chart
Executive Summary
A cluster of insider selling at Charles Schwab over a 7-day window totaling ~$9.4M in open-market sales, led by Co-Chairman Charles Schwab ($15.1M across two trades) and a director, with an MD exercising and selling shares. The total is ~0.005% of market cap — trivial relative to the $187B company — and the sales are likely liquidity-driven (option exercises, routine diversification) rather than signaling bearish fundamentals.
Key Financial Metrics
Key Facts
- Co-Chairman Charles Schwab sold 142,900 shares total (~$15.1M) on Aug 3-4, 2026.
- Director Carolyn Schwab-Pomerantz sold 41,201 shares total (~$4.4M) across Aug 4-5.
- MD Jonathan Craig exercised options and sold 21,750 shares (~$2.3M) on Aug 5.
- Total open-market sales of ~$9.4M represent ~0.005% of Schwab's $187B market cap.
- One tax-withholding transaction (1,292 shares, ~$135K) is non-cash and non-informative.
- No insider purchases were made in the cluster window.
Financial Impact
Total insider sales of ~$9.4M, or ~0.005% of market cap — immaterial.
Risk Factors
- Insider selling could accelerate if broader market or sector weakness emerges.
- Co-Chairman selling ~$15M may attract media attention, but dollar amount is trivial for this company.
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-1786143924886 |
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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