Sheriff Mbye, 18, of Lee Bank, died in hospital on 17 April after being stabbed several times on Bristol Road South, Northfield, police said.
Montell Stephens, 18, of Smethwick, who was injured and taken to hospital, was charged, the West Midlands force said.
Mr Stephens, of William Savage Way, is due at Birmingham Magistrates' Court on Friday.
Rakeem Riley, 18, of no fixed address, and Omar Robinson, 21, of Rann Close, Ladywood, have previously been charged with murder.
A third man has been charged with the murder of a teenager who was stabbed during a fight in Birmingham.