Charles R. Schwab, Co-Chairman of The Charles Schwab Corp, sold 109,300 shares of SCHW-PJ in an open-market transaction on May 4, 2026. The sale was executed at $91.50 per share for a total value of about $10.0 million, making it a notable insider sale by the company’s founding figure and senior leader. Sales by top insiders tend to draw attention because they can reflect personal liquidity needs or planned diversification, and they reduce the insider’s direct exposure to the security. As Co-Chairman, Schwab is closely tied to the firm’s long-term strategy and governance, so his trading activity is often watched more closely than that of lower-level executives. This trade also fits a recent pattern of selling. Over the past two weeks, Schwab reported additional sizable sales, including approximately $5.77 million on April 29 and $3.30 million on April 23, indicating repeated reductions rather than a one-off transaction. Another insider, Carolyn Schwab-Pomerantz, reported a sale of about $914,610 on May 5. Multiple sales clustered in a short period can be routine, but the concentration of transactions is information retail investors may want to track alongside future filings.