Charles R. Schwab, Co-Chairman of The Charles Schwab Corp., sold 63,743 shares of SCHW-PJ on April 29, 2026 at $90.49 per share, for a total value of about $5.77 million. Because this sale was made in the open market and involves the firm’s co-founder and a top board leader, it tends to draw more attention than routine sales by lower-level insiders. The trade also follows another sizable sale by Schwab just six days earlier, when he sold 36,450 shares worth about $3.30 million on April 23. Two meaningful sales in a short window can matter to retail investors because it shows a clear, recent pattern of reducing exposure rather than a one-off transaction. Broader insider activity in late April has leaned toward selling. Frank C. Herringer sold roughly $228,000 of shares on April 28, and company disclosures indicate other senior leaders have also been sellers during the month, including the Chief Risk Officer and the Head of Retail Investing. While insiders sell for many personal reasons, clustered selling across multiple executives is a data point investors often track alongside fundamentals and valuation.