BBY founder trust files Rule 144 for 10/27/2025 NYSE sale

Rhea-AI Filing Summary

Best Buy (BBY): Form 144 filed for a proposed insider sale. The Richard M. Schulze Revocable Trust filed notice to sell 104,313 shares of BBY common stock through Piper Sandler, with an aggregate market value of $8,685,100.38. The approximate sale date is 10/27/2025 on the NYSE.

The filing lists 210,101,265 shares outstanding. The trust reports additional sales during the past three months: 500,000 shares on 10/20/2025 for $40,416,500.00; 325,836 shares on 10/21/2025 for $26,832,692.35; and 374,164 shares on 10/27/2025 for $31,143,615.37. The shares to be sold were originally acquired as founders’ shares on 04/18/1985.

Insights

Securities law analyst

Neutral administrative filing disclosing planned Rule 144 sales.

This notice states the Richard M. Schulze Revocable Trust intends to sell 104,313 shares of BBY common stock via Piper Sandler on the NYSE. Form 144 is a disclosure of a proposed sale by an affiliate or holder of restricted/controlled securities.

The filing also itemizes recent sales by the trust with exact share counts and gross proceeds, providing transparency into selling activity. Shares outstanding are listed, which helps contextualize scale relative to the company’s equity base.

Actual market impact depends on execution and volumes chosen by the selling holder. Subsequent filings may provide additional details if more sales occur or plans change.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	104313	8685100.38	210101265	10/27/2025	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			104313	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 Trust C/O Best Buy Inc 7601 Penn Ave S Richfield MN 55423	Common Stock	10/20/2025	500000	40416500.00
Richard M Schulze Revocable Trust C/O Best Buy Inc 7601 Penn Ave S Richfield MN 55423	Common Stock	10/21/2025	325836	26832692.35
Richard M Schulze Revocable Trust C/O Best Buy Inc 7601 Penn Ave s Richfield MN 55401	Common Stock	10/27/2025	374164	31143615.37

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Best Buy (BBY)‘s Form 144 filing disclose?

It discloses a planned sale of 104,313 BBY common shares, with an aggregate market value of $8,685,100.38, to be executed on 10/27/2025 on the NYSE.

Who is selling BBY shares and through which broker?

The Richard M. Schulze Revocable Trust plans to sell shares through Piper Sandler & Co Inc.

How many Best Buy shares are outstanding according to the filing?

The filing lists 210,101,265 shares outstanding.

What recent BBY share sales does the trust report?

Reported sales include 500,000 shares on 10/20/2025 for $40,416,500.00, 325,836 on 10/21/2025 for $26,832,692.35, and 374,164 on 10/27/2025 for $31,143,615.37.

What type of shares are being sold and when were they acquired?

They are founders’ shares, acquired on 04/18/1985.

On which exchange will the BBY shares be sold?

The filing names the NYSE as the exchange.