SCHW
A pretty standard insider move
Charles Schwab's Head of Retail Investing, Jonathan M. Craig, sold 21,750 shares of the company’s common stock on April 14 for roughly $2.15 million. The shares changed hands at a weighted average price of about $99, and the sale was made under a Rule 10b5-1 plan adopted back in November 2025.
Why you should care
Insider sales can make investors twitchy, because nobody likes the feeling that someone close to the kitchen is taking food home before the rest of the table. But 10b5-1 plans are basically the corporate version of setting an automatic calendar reminder: the trade was prearranged, so it’s not necessarily a read on Schwab’s near-term outlook.
The fine print matters
According to the filing, Craig also contributed the shares received from option exercise to a revocable trust. That makes this look more like routine financial housekeeping than a flashy “I’m out” signal.
For Schwab shareholders, the bigger story is still the business itself — client flows, rates, and whether the brokerage can keep turning its giant pile of customer assets into steady earnings. This filing is a small data point, not the whole movie.
Big picture: insider sales are worth watching, but this one looks more like a scheduled pit stop than a warning light.