I thought about that and is the reason I included

I thought about that and is the reason I included that they are really only purchasing ~15% of the company when all shares are taken into account. Very possible that Schwab isn't including the 1.22m shares plus the 261m shares until the filing hits. The number just works out too perfectly to be a coincidence.

According to Google, a private placement does not need to be reported within 4 days as a material event.