The cluster is too small relative to market cap to be material on its own. Monitor for any upcoming earnings or regulatory filings that could explain the selling — the cross-filing amplifier flags suggest this cluster gains significance if paired with a late filing, offering, or press release.
Price Chart
Executive Summary
Two SCHW insiders sold a combined $10.28M in shares over a 7-day window, with Co-Chairman Charles Schwab alone selling $10.06M. Director Arun Sarin's sale was paired with a derivative exercise at $28.96, netting a cashless profit. While the dollar value is modest relative to SCHW's $158.6B market cap (~0.006%), the cluster includes the company's co-chairman and occurs amid a period of elevated insider selling (6 sells totaling $30.8M in the prior 30 days).
Key Financial Metrics
Key Facts
- Co-Chairman Charles Schwarb sold 109.3K shares at $92.01 for $10.06M on 2026-05-06
- Director Arun Sarin sold 2.5K shares at $91.16 for $228K on 2026-05-13, paired with derivative exercises at $28.96
- Total cluster value of $10.28M represents ~0.006% of SCHW's $158.6B market cap
- Prior 30-day insider activity shows 6 sells totaling $30.8M, indicating a consistent selling pattern
Financial Impact
Total insider sales of $10.28M, or ~0.006% of market cap — trivial relative to company size
Risk Factors
- Co-Chairman's $10M sale could signal personal diversification or a bearish view on near-term prospects
- Consistent insider selling pattern over 30 days ($30.8M total) may indicate broader insider caution
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-1778806499473 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 8-K | $91.96 | awaiting T+20 | — | $89.30 (−2.89%) |
Oct 12, 2026 15d ago | ANALYST-UPGRADE | $97.06 | awaiting T+20 | — | $89.30 (−8.00%) |
Oct 2, 2026 25d ago | ANALYST-UPGRADE | $96.70 | awaiting T+20 | — | $89.30 (−7.65%) |
Sep 2, 2026 7w ago | Insider Cluster | $110.38 $96.70 | ▼ −12.39% | ▼ −11.21% | $89.30 (−19.10%) |
Aug 31, 2026 8w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $89.30 (−17.53%) |
Aug 31, 2026 8w ago | Insider Cluster | $108.28 $97.74 | ▼ −9.73% | ▼ −10.05% | $89.30 (−17.53%) |
Aug 27, 2026 8w ago | Insider Cluster | $110.16 $98.30 | ▼ −10.77% | ▼ −11.03% | $89.30 (−18.94%) |
Aug 27, 2026 8w ago | Insider Cluster | $110.16 $98.30 | ▼ −10.77% | ▼ −11.03% | $89.30 (−18.94%) |
Aug 26, 2026 8w ago | Insider Cluster | $108.05 $99.49 | ▼ −7.92% | ▼ −7.41% | $89.30 (−17.35%) |
Aug 18, 2026 10w ago | Insider Cluster | $110.88 $107.79 | ▼ −2.79% | ▼ −1.27% | $89.30 (−19.46%) |
US Market Status
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