SCHW SCHWAB CHARLES CORP
Price Chart
Executive Summary
Co-Chairman Charles Schwab sold $5.08M in open-market sales over two days (May 18-19), and Director Arun Sarin sold $228K, totaling $5.3M in insider selling within a week. The sales follow a $2.25B debt offering (May 20) and a preliminary prospectus (May 18), raising the possibility that insiders were aware of the capital raise. At $159.7B market cap, the cluster represents ~0.003% of market cap — trivial in absolute terms — but the Co-Chairman's concentrated selling pattern warrants attention.
Key Financial Metrics
Actionable Insight
The Co-Chairman's sales are notable for their size and proximity to a $2.25B debt offering, but the dollar amount is immaterial relative to Schwab's $159.7B market cap. Given the 0% historical win rate on SCHW reports and the trivial proportionality, this cluster is unlikely to move the stock. Monitor for any additional insider sales or a 10b5-1 plan disclosure that would explain the pattern.
Key Facts
- Co-Chairman Charles Schwab sold 55,000 shares total on May 18-19 at ~$92.22-$92.40, netting $5.08M
- Director Arun Sarin sold 2,500 shares on May 13 at $91.16, netting $228K
- Total cluster value: ~$5.3M in open-market sales; one gift of 5,300 shares ($0 value) on May 15
- Sales occurred within 7 days of a $2.25B senior notes offering (May 20) and a preliminary prospectus (May 18)
- Cluster represents ~0.003% of Schwab's $159.7B market cap — well below the 0.1% materiality threshold
- Historical performance on SCHW reports shows 0% win rate at T+20 (n=6 settled), with avg alpha of -3.48%
Financial Impact
Total insider sales of ~$5.3M, representing ~0.003% of market cap
Risk Factors
- Co-Chairman selling ahead of a capital raise could signal lack of confidence, though the amount is trivial relative to his holdings
- Debt offering adds $2.25B in senior obligations, modestly increasing leverage for a systemically important financial institution
- No 10b5-1 plan disclosed — sales may be opportunistic rather than scheduled
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SCHW-1779324046931 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 31, 2026
12d ago
|
ANALYST-UPGRADE
| $88.19 $88.96 | ▲ +0.87% | ▲ +0.35% | $91.10 (+3.30%) |
|
May 21, 2026
23d ago
|
Insider Cluster
| $90.39 $87.34 | ▼ −3.37% | ▼ −5.22% | $91.10 (+0.79%) |
|
May 20, 2026
23d ago
|
424B5
| $17.50 $17.60 | ▼ −0.60% | ▲ +1.25% | $91.10 (−420.72%) |
|
May 19, 2026
25d ago
|
Insider Cluster
| $91.81 $85.54 | ▼ −6.83% | ▼ −9.13% | $91.10 (−0.77%) |
|
May 18, 2026
26d ago
|
424B5
| $17.74 $17.53 | ▼ −1.16% | ▼ −2.77% | $91.10 (+413.67%) |
|
May 6, 2026
5w ago
|
Insider Cluster
| $92.10 $91.11 | ▼ −1.08% | ▼ −2.25% | $91.10 (−1.08%) |
|
May 1, 2026
6w ago
|
ANALYST-UPGRADE
| $88.19 $88.96 | ▲ +0.87% | ▲ +0.35% | $91.10 (+3.30%) |
|
Apr 28, 2026
6w ago
|
Insider Cluster
| $90.85 $92.37 | ▲ +1.67% | ▼ −0.02% | $91.10 (+0.28%) |
|
Apr 28, 2026
6w ago
|
Insider Cluster
| $90.85 $91.48 | ▲ +0.70% | ▼ −0.99% | $91.10 (+0.28%) |
|
Apr 27, 2026
6w ago
|
Insider Cluster
| $90.76 $91.43 | ▲ +0.74% | ▲ +0.34% | $91.10 (+0.38%) |
US Market Status
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