Best Buy (NYSE: BBY) chairman emeritus sells 81,399 shares via trust

Rhea-AI Filing Summary

Best Buy chairman emeritus Richard M. Schulze, through a revocable trust, sold a total of 81,399 shares of Best Buy common stock in open-market transactions. The sales were executed at weighted average prices of $78.2283 and $78.0012 per share, with individual trades occurring within disclosed price ranges around these averages.

After these transactions, the revocable trust still holds 10,849,537 Best Buy shares indirectly for Schulze. Additional Form 4 entries list other indirect holdings, including spouse-related trusts, a GRAT, a limited partnership interest, an IRA, and a 401(k), indicating that his overall indirect ownership remains substantial following these routine sales.

Insights

Equity analyst

Schulze’s trust sold 81,399 Best Buy shares, a small portion of his large indirect stake.

The Form 4 shows Chairman Emeritus Richard M. Schulze executing two open-market sales via a revocable trust, totaling 81,399 Best Buy shares at weighted average prices near $78 per share. These are straightforward sale transactions, not option exercises or tax-related moves.

Post-transaction, the revocable trust still holds 10,849,537 shares, and additional indirect holdings appear in spouse trusts, a GRAT, partnership, IRA, and 401(k) accounts. This indicates the sales represent a modest trim relative to Schulze’s visible indirect position, suggesting routine portfolio management rather than a transformative ownership change.

Insider Trade Summary

Net Seller: 81,399 shares ($6,366,547)

Net Sell 8 txns

Insider SCHULZE RICHARD M

Role null

Sold 81,399 shs ($6.37M)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,100	$78.0012	$398K
Sale	Common Stock	76,299	$78.2283	$5.97M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,849,537 shares (Indirect, Trustee for Revocable Trust)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.00 to $78.56, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.00 to $78.06, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Key Figures

Total shares sold: 81,399 shares Weighted average sale price 1: $78.2283 per share Weighted average sale price 2: $78.0012 per share +5 more

8 metrics

Total shares sold 81,399 shares Net open-market sales reported in this Form 4

Weighted average sale price 1 $78.2283 per share Open-market sale coded S, Common Stock

Weighted average sale price 2 $78.0012 per share Open-market sale coded S, Common Stock

Revocable trust holdings after sales 10,849,537 shares Indirect ownership as trustee for revocable trust

Spouse irrevocable trust holdings 172,831 shares Indirect ownership via spouse irrevocable trust

Spousal GRAT holdings 1,153,938 shares Indirect ownership via spousal GRAT

401(k) holdings 69,437.4119 shares Indirect ownership via 401(k) account

IRA holdings 2,061 shares Indirect ownership via IRA

Key Terms

weighted average price, Revocable Trust, Spousal GRAT, IRA, +2 more

6 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Revocable Trust financial

"nature_of_ownership: Trustee for Revocable Trust"

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.

Spousal GRAT financial

"nature_of_ownership: Spousal GRAT"

IRA financial

"nature_of_ownership: IRA"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

401(k) financial

"nature_of_ownership: 401(k)"

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/17/2026 - 05:25 PM Accepted by SEC EDGAR 06/17/2026 - 05:24 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

SCHULZE RICHARD M

(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
	Officer (give title below)	X	Other (specify below)
			Chairman Emeritus

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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	06/15/2026		S		76,299	D	$78.2283(1)	10,854,637	I	Trustee for Revocable Trust
Common Stock	06/16/2026		S		5,100	D	$78.0012(2)	10,849,537	I	Trustee for Revocable Trust
Common Stock								69,437.4119	I	401(k)
Common Stock								2,061	I	IRA
Common Stock								702,903	I	Sole general partner of limited partnership B
Common Stock								1,153,938	I	Spousal GRAT
Common Stock								399	I	Spouse
Common Stock								172,831	I	Spouse Irrevocable Trust

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.00 to $78.56, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.00 to $78.06, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

	/s/ Jodie H. Crist, Attorney-in-fact	06/17/2026
	** 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

How many Best Buy (BBY) shares did Richard M. Schulze sell in this Form 4?

Richard M. Schulze’s revocable trust sold 81,399 Best Buy shares in open-market transactions. The filing reports sales at weighted average prices of $78.2283 and $78.0012 per share, executed through multiple trades within narrow price ranges around those averages.

What prices did Schulze’s revocable trust receive for the Best Buy (BBY) shares sold?

The trust’s sales occurred at weighted average prices of $78.2283 and $78.0012 per share. Footnotes explain each price reflects multiple trades, with individual sales ranging from $78.00–$78.56 and $78.00–$78.06, and detailed breakdowns are available on request.

How many Best Buy (BBY) shares does Schulze’s revocable trust hold after these transactions?

After the reported sales, Schulze’s revocable trust holds 10,849,537 Best Buy shares indirectly. The Form 4 also lists other indirect positions in spouse-related trusts, a spousal GRAT, a limited partnership, an IRA, and a 401(k), further adding to his overall indirect ownership stake.

Were Schulze’s Best Buy (BBY) share sales part of open-market transactions?

Yes, the Form 4 classifies both disposals as open-market sales of Best Buy common stock. The transactions are coded as “S” and described as sales in open-market or private transactions, with weighted average sale prices disclosed and detailed trade information available upon request.

What other indirect Best Buy (BBY) holdings are reported for Richard M. Schulze?

Beyond the revocable trust, the filing lists indirect Best Buy holdings in a spouse irrevocable trust, a spousal GRAT, a limited partnership where he is sole general partner, an IRA, and a 401(k). Each entry shows shares held following the most recent transaction date.