Richard Schulze trust sells BBY shares: Form 144 lists multi-date dispositions (BBY)

Rhea-AI Filing Summary

Best Buy Inc. insider sale notice: A Form 144 filing reports multiple proposed dispositions of Common Stock by the Richard M. Schulze Revocable Trust. The filing lists specific sales on 05/29/2026, 06/15/2026, 06/16/2026, and 06/25/2026 with aggregate proceeds and share counts shown per transaction.

Insights

Securities Compliance Attorney

Routine Form 144 reporting of trust-held sales; regulatory disclosure, not a judgment on strategy.

The filing lists proposed dispositions by the Richard M. Schulze Revocable Trust of Common Stock on specific dates with per-transaction share counts and dollar amounts. Form 144 notifies the SEC of intended resale under Rule 144.

These entries are procedural; timing, execution method, and whether sales completed are not certified by this notice. Subsequent trade records and broker reports confirm actual execution.

Key Figures

Sale on 05/29/2026: 500,350 shares Proceeds on 05/29/2026: $38,085,341.00 Sale on 06/15/2026: 76,299 shares +5 more

8 metrics

Sale on 05/29/2026 500,350 shares <date>05/29/2026</date> reported in filing

Proceeds on 05/29/2026 $38,085,341.00 <date>05/29/2026</date> transaction proceeds shown

Sale on 06/15/2026 76,299 shares <date>06/15/2026</date> reported in filing

Proceeds on 06/15/2026 $5,968,741.00 <date>06/15/2026</date> transaction proceeds shown

Sale on 06/16/2026 5,100 shares <date>06/16/2026</date> reported in filing

Proceeds on 06/16/2026 $397,806.00 <date>06/16/2026</date> transaction proceeds shown

Sale on 06/25/2026 193,896 shares <date>06/25/2026</date> reported in filing

Proceeds on 06/25/2026 $15,149,501.66 <date>06/25/2026</date> transaction proceeds shown

Key Terms

Form 144, Revocable Trust, Founders Shares

3 terms

Form 144 regulatory

"reports multiple proposed dispositions of Common Stock by the Richard M. Schulze Revocable Trust"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Revocable Trust legal

"Richard M. Schulze Revocable Tr C/O Best Buy Inc 7601 Penn Ave S Richfield MN"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Founders Shares market

"Common Stock | 04/18/1985 | Founders Shares | Issuer"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

FAQ

What does the Best Buy (BBY) Form 144 filed by the Schulze trust report?

The filing reports proposed dispositions of Common Stock by the Richard M. Schulze Revocable Trust. It lists share counts and dollar amounts for sales on 05/29/2026, 06/15/2026, 06/16/2026, and 06/25/2026.

How many shares did the Schulze trust report selling on 05/29/2026 in the BBY Form 144?

The Form 144 lists a disposition of 500,350 shares on 05/29/2026 with proceeds shown as $38,085,341.00. The filing presents this as a reported proposed sale by the trust.

Does this Form 144 confirm the Schulze trust completed the reported Best Buy share sales?

No. Form 144 is a notice of proposed resale under Rule 144 and does not by itself confirm execution. Completion and settlement are confirmed by trade reports and broker records, not solely by this filing.

Who is the reporting party on the Best Buy Form 144 and what is their relationship to the company?

The reporting party is the Richard M. Schulze Revocable Trust, listed with Best Buy's address. The trust, associated with the founder, is identified as the seller in the filing; ownership is held and reported through that trust.

What amounts and dates are shown for other transactions in the Schulze trust Form 144?

The filing lists sales of 76,299 shares on 06/15/2026 for $5,968,741.00, 5,100 shares on 06/16/2026 for $397,806.00, and 193,896 shares on 06/25/2026 for $15,149,501.66.

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Available on EDGAR 06/26/2026 - 03:19 PM Accepted by SEC EDGAR 06/26/2026 - 03:18 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
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

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	224705	17550000.00	210776126	06/26/2026	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			224705	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

144: Remarks and Signature

Remarks

Date of Notice

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)