Form 4: Schwab Executive Sells Shares Under 10b5-1 Plan

Jonathan S. Beatty, MD, Head of Advisor Services at Charles Schwab Corp., reported the sale of 2,000 shares of common stock for $102.00 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Jonathan S. Beatty, MD, Head of Advisor Services at Charles Schwab Corp., sold 2,000 shares of common stock.
• The sale occurred on July 7, 2026, with a weighted average sale price of $102.00 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan established on February 27, 2026.
• Following the transaction, Mr. Beatty beneficially owns 32,459 shares of common stock directly and 13,738 shares indirectly through a trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While an executive sale can be a negative signal, the execution under a 10b5-1 plan indicates it was pre-planned and not based on current, non-public information.

Negatives

• An executive sold a portion of their holdings in the company.

Risks

• The sale of shares by a key executive could be perceived negatively by the market, although it was conducted under a pre-established trading plan.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it is a report of a past transaction.

Management Comments

• The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
• The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Industry Context

StockSavvy.ai notes that insider sales, even under 10b5-1 plans, can sometimes lead to short-term market scrutiny. However, the existence of a pre-arranged plan mitigates concerns about opportunistic selling based on non-public information.

Stakeholder Impact

• Shareholders may observe the sale, but the 10b5-1 plan provides context that it was pre-scheduled.
• The company's management team continues to hold significant beneficial ownership, indicating ongoing commitment.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Sale, 10b5-1 Plan, Charles Schwab Corp., SCHW, Jonathan S. Beatty, Beneficial Ownership