Jonathan M. Craig - Mar 21, 2024 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role: Officer title: Managing Director, Head of Investor Services and Marketing
Signature: /s/ P. Blake Allen, Attorney-in-fact
Stock symbol: SCHW
Transactions as of: Mar 21, 2024
Transactions value $: -$217,087
Form type: 4
Date filed: 3/25/2024, 07:28 PM
Previous filing: Mar 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCHW	Common Stock	Options Exercise	$131K	+4.98K		$26.39	0	Mar 21, 2024	Direct	F1
transaction	SCHW	Common Stock	Sale	-$348K	-4.98K	-100%	$70.01	0	Mar 21, 2024	by Trust	F1, F2, F3

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	-4.98K	-100%	$0.00^*	0	Mar 21, 2024	Common Stock	4.98K	$26.39	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Reflects the contribution of the shares received upon exercise of the option to a revocable trust.
F2	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on October 27, 2023.
F3	The transaction was executed in multiple trades at prices ranging from $70.00 to $70.015. 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 transfer of shares and prices at which the transaction was effected.
F4	The option was granted under the company's 2013 Stock Incentive Plan and vested in four annual installments beginning on March 1, 2017.

Remarks:

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