Neesha Hathi, Managing Director and Head of Wealth Advisory, Banking, and Trust at Schwab Charles Corp, filed a Form 4 on November 3, 2026, disclosing transactions in common stock executed on November 2, 2026, under a Rule 10b5-1 trading plan.

Key Highlights

  • Option exercise: Hathi exercised a nonqualified stock option covering 5,000 shares of common stock at an exercise price of $64.10 per share on November 2, 2026.
  • Shares sold: 5,000 shares of common stock were disposed of on November 2, 2026, at a weighted average sale price of $88.9236, with individual trade prices ranging from $88.49 to $89.24.
  • Trust contribution: The shares received upon option exercise were contributed to a trust, with the resulting 5,770 shares held indirectly by that trust following the transactions.
  • Remaining options: Following the reported transaction, Hathi held 68,246 nonqualified stock options directly, with an exercise price of $64.10 and an expiration date of March 1, 2031.
  • 10b5-1 plan: The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Hathi on May 29, 2026.
  • Option origin: The exercised option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.

Hathi's November 2026 Option Exercise and Sale at Schwab Charles Corp

According to the filing, Neesha Hathi, identified as an officer with the title "MD, Head Wealth Adv, Bnk, Tst" at Schwab Charles Corp (NYSE:SCHW), reported two transactions in Table I on November 2, 2026. First, she acquired 5,000 shares of common stock via the exercise of a nonqualified stock option (transaction code M) at a price of $64.10 per share. The filing notes that those shares were then contributed to a trust.

Second, also on November 2, 2026, Hathi disposed of 5,000 shares (transaction code S) at a weighted average sale price of $88.9236, with actual trade prices ranging from $88.49 to $89.24 across multiple executions. The filing states that these sales were made pursuant to a Rule 10b5-1 trading plan adopted on May 29, 2026. Following these transactions, the filing reports that 5,770 shares are held indirectly through the trust.

In Table II, the filing discloses that the exercised option originated from the company's 2013 Stock Incentive Plan, was exercisable as of March 1, 2021, and carries an expiration date of March 1, 2031. After the exercise of 5,000 options, Hathi's directly held nonqualified stock options stood at 68,246 shares. The filing was signed by P. Blake Allen as attorney-in-fact on November 3, 2026.

What Was Disclosed

The Form 4 discloses that officer Neesha Hathi exercised 5,000 nonqualified stock options at $64.10 per share and sold 5,000 shares at a weighted average of $88.9236, with 5,770 shares remaining held indirectly by a trust and 68,246 options retained directly.