Best Buy (NYSE: BBY) SVP logs 5,972-share grant and 3,298-share tax sale

Rhea-AI Filing Summary

Best Buy senior vice president and chief accounting officer Mathew Watson reported routine equity compensation activity. He received a grant of 5,972 shares of common stock that will vest in three equal annual installments beginning one year from the grant date. In a related move, 3,298 shares were sold at $64.019 per share solely to cover tax withholding obligations upon the vesting of restricted shares, which the footnotes state was not a discretionary transaction. After these transactions, he directly holds 23,192 shares of Best Buy common stock.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watson Mathew

(Last) (First) (Middle)

7601 PENN AVENUE S.

(Street)

RICHFIELD MINNESOTA 55423

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Controller & CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/20/2026		A		5,972(1)	A	$0.0000	26,490(2)	D
Common Stock	03/23/2026		S		3,298(3)	D	$64.019	23,192	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted shares that will vest in three equal annual installments beginning one year from the grant date.

2. This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).

3. Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares and does not represent a discretionary transaction by the reporting person.

	/s/ Jodie H. Crist, Attorney-in-fact	03/24/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Mathew Watson report for BBY on this Form 4?

Mathew Watson reported a grant of 5,972 Best Buy common shares and a sale of 3,298 shares. The sale was executed to cover tax withholding obligations tied to vesting restricted shares, not as a discretionary open-market trade.

How many Best Buy (BBY) shares does Mathew Watson hold after these transactions?

After the reported grant and tax-related sale, Mathew Watson directly holds 23,192 shares of Best Buy common stock. This figure reflects his position following both the 5,972-share award and the 3,298-share sale to satisfy tax withholding.

Was the Best Buy insider sale by Mathew Watson a discretionary open-market trade?

No. Footnotes explain the 3,298-share sale was conducted to cover tax withholding obligations when restricted shares vested. It is characterized as a non-discretionary transaction rather than a voluntary open-market sale for portfolio or valuation reasons.

What are the vesting terms of the Best Buy restricted stock granted to Mathew Watson?

The 5,972 restricted Best Buy shares granted to Mathew Watson vest in three equal annual installments. Vesting begins one year from the grant date, meaning the award converts into freely owned shares gradually over a three-year period, subject to those terms.

How is the acquisition of Best Buy shares by Mathew Watson classified on this Form 4?

The 5,972-share increase is classified as a grant or award acquisition, not a market purchase. It reflects equity compensation provided by Best Buy, with no cash price paid, supporting long-term alignment rather than short-term trading activity.