Charles R. Schwab - Feb 1, 2023 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Co-Chairman, Director
Signature
/s/ Kristopher R. Tate, Attorney-in-fact
Stock symbol
SCHW
Transactions as of
Feb 1, 2023
Transactions value $
-$7,438,670
Form type
4
Date filed
2/2/2023, 03:38 PM
Previous filing
Feb 9, 2023
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Options Exercise $1.99M +121K $16.40 0 Feb 1, 2023 Direct F1
transaction SCHW Common Stock Sale -$9.42M -121K -0.2% $77.84 60.2M Feb 1, 2023 by Trust F1, F2
holding SCHW Common Stock 31.1M Feb 1, 2023 by Limited Partnership
holding SCHW Common Stock 44K Feb 1, 2023 by 188 Corp
holding SCHW Common Stock 9.22M Feb 1, 2023 by Spouse as Trustee

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 -121K -100% $0.00* 0 Feb 1, 2023 Common Stock 121K $16.40 Direct F3
* 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 living trust.
F2 This transaction was executed in multiple trades at prices ranging from $77.50 to $78.155. 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.
F3 The option was granted under the company???s 2004 Stock Incentive Plan and vested in four equal annual installments beginning on March 1, 2014.