BBY Form 3 Filing: Frank Meghan Discloses Direct Ownership of 1 Share

Rhea-AI Filing Summary

Frank Meghan filed an SEC Form 3 disclosing initial beneficial ownership in Best Buy Co., Inc. (BBY). The filing reports 1 share of Common Stock held directly. The event date triggering the report is 09/10/2025 and the form was executed by an attorney-in-fact on 09/19/2025. The filing marks Meghan's ownership disclosure in his capacity as a Director of the issuer. No derivative securities, amendments, or additional ownership details are reported in the form.

Insights

Financial Analyst

TL;DR: Initial director disclosure shows minimal direct ownership — immaterial to valuation or control.

The Form 3 records a single share of Best Buy common stock owned directly by Frank Meghan. From an investor-impact standpoint this holding is immaterial relative to Best Buy's market capitalization and does not signal a meaningful economic stake, alignment of interests, or change in control. The filing fulfills Section 16 disclosure obligations but contains no derivatives, pledges, or transactions that would affect liquidity or capitalization. No further inference about trading intent or compensation can be drawn from this single-share disclosure.

Corporate Governance Expert

TL;DR: The submission is a routine director initial ownership filing and raises no governance concerns.

The report identifies Meghan as a director and documents his initial beneficial ownership of one share, filed via attorney-in-fact. This satisfies mandatory public disclosure for insiders but does not indicate related-party transactions, conflicts, or atypical compensation arrangements. Absence of indirect ownership or derivatives simplifies compliance review. No material governance implications are evident from the disclosed facts.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

FRANK MEGHAN

(Last) (First) (Middle)

7601 PENN AVENUE S.

(Street)

RICHFIELD MN 55423

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/10/2025

3. Issuer Name and Ticker or Trading Symbol
BEST BUY CO INC [ BBY ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

frankpoa.txt

	/s/ Jodie H. Crist, Attorney-in-fact	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 3 filed for Best Buy (BBY) disclose?

The Form 3 discloses that Frank Meghan beneficially owns 1 share of Best Buy common stock, held directly.

What is the effective date of the ownership reported for BBY?

The event date requiring the statement is 09/10/2025, and the form was signed on 09/19/2025 by an attorney-in-fact.

Does the Form 3 for BBY report any derivative securities or indirect ownership?

No. The filing lists only 1 share of Common Stock held directly and shows no derivative securities or indirect ownership.

What is Frank Meghan's relationship to Best Buy stated on the form?

The filing indicates Frank Meghan is a Director of Best Buy Co., Inc.

Was the Form 3 filed jointly or by a single reporting person?

The form indicates it was filed by one reporting person (the reporting person checkbox is marked).