Jonathan M. Craig - 18 Jan 2023 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Officer title: Managing Director, Head of Investor Services and Marketing
Signature
/s/ Kristopher R. Tate, Attorney-in-fact
Issuer symbol
SCHW
Transactions as of
18 Jan 2023
Net transactions value
-$2,563,670
Form type
4
Filing time
20 Jan 2023, 15:30:34 UTC
Previous filing
01 Nov 2022
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Options Exercise $1,543,014 +51,144 $30.17 0 18 Jan 2023 Direct F1
transaction SCHW Common Stock Sale $3,204,750 -39,985 -78% $80.15 11,159 18 Jan 2023 by Trust F1, F2, F3
transaction SCHW Common Stock Sale $901,935 -11,159 -100% $80.83 0 18 Jan 2023 by Trust F1, F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SCHW Nonqualified Stock Option (right to buy) Options Exercise $0 -51,144 -100% $0.000000* 0 18 Jan 2023 Common Stock 51,144 $30.17 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the contribution of the shares received upon exercise of the option to a revocable living trust.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2022.
F3 This transaction was executed in multiple trades at prices ranging from $79.59 to $80.50. The price reported reflects the weighted average sale price. 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.
F4 This transaction was executed in multiple trades at prices ranging from $80.51 to $81.50. The price reported reflects the weighted average sale price. 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.

Remarks:

Officer title: Managing Director, Head of Investor Services and Marketing