Best Buy shares: Schulze trust plans $74.5M sale

Richard M. Schulze Revocable Trust filed a Form 144 covering a proposed sale of 900000 shares of Best Buy common stock through Piper Sandler & Co., with an aggregate market value of 74520000.00 and a listed sale date of July 13, 2026.

Rhea-AI Filing Summary

Richard M. Schulze Revocable Trust filed a Form 144 covering a proposed sale of 900000 shares of Best Buy common stock through Piper Sandler & Co., with an aggregate market value of 74520000.00 and a listed sale date of July 13, 2026. The shares are described as founders shares acquired from the issuer on April 18, 1985. Recent sales by the trust in the last three months include 500350 shares on May 29, 2026 for 38085341.00 and 224705 shares on June 26, 2026 for 17545526.15.

Filing Explained

The filing proposes a $74,520,000.00 sale of existing Best Buy shares, not a completed sale or issuer financing.

The July 13, 2026 Form 144 is a notice of a proposed sale of 900,000 Best Buy common shares through Piper Sandler, with a stated value of $74,520,000.00; it does not establish that the sale has occurred.

If completed, the disclosed transaction would transfer existing shares rather than create a new Best Buy issuance, so the filing itself does not disclose dilution or proceeds to the company.

The notice identifies the shares as “Founders Shares,” acquired on April 18, 1985, and reports 210,767,126 shares outstanding.

The filing should be read as a proposed-sale notice; an executed-sale confirmation would be the relevant subsequent state change.

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Available on EDGAR 07/13/2026 - 05:17 PM Accepted by SEC EDGAR 07/13/2026 - 05:17 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001006394
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	BEST BUY CO INC
SEC File Number	001-09595
Address of Issuer	7601 PENN AVE SOUTH RICHFIELD MINNESOTA 55423
Phone	6122911000
Name of Person for Whose Account the Securities are To Be Sold	SCHULZE RICHARD M
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% Stockholder
Relationship to Issuer	Director Emeritus

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Piper Sandler & Co Inc 350 N 5th St Ste 1000 Minneapolis MN 55401	900000	74520000.00	210767126	07/13/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	04/18/1985	Founders Shares	Issuer			900000	04/18/1985	NA

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Richard M Schulze Revocable Tr C/O Best Buy Inc 7601 Penn Ave S Richfield MN 55423	Common Stock	06/25/2026	193896	15149501.66
Richard M Schulze Revocable Tr C/O Best Buy Inc 7601 Penn Ave S Richfield MN 55423	Common Stock	06/16/2026	5100	397806.00
Richard M Schulze Revocable Tr C/O Best Buy Inc 7601 Penn Ave S Richfield MN 55423	Common Stock	06/15/2026	76299	5968741.00
Richard M Schulze Revocable Tr C/O Best Buy Inc 7601 Penn Ave S Richfield MN 55423	Common Stock	05/29/2026	500350	38085341.00
Richard M Schulze Revocable Tr C/O Best Buy Inc 7601 Penn Ave S Richfield MN 55423	Common Stock	06/26/2026	224705	17545526.15

144: Remarks and Signature

Remarks	This Form 144 filing is being made on behalf of the Richard M Schulze Revocable Trust
Date of Notice	07/13/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/12/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Will Britton, as a duly authorized representative of Piper Sandler & Co Corporate & Venture Services FA, as attorney-in-fact Richard M Schulze Rev Tr
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)