Best Buy HR chief sells 88,110 shares at $92.07

The reported transactions include two share sales alongside an option exercise and a periodic dividend-reinvestment acquisition.

Rhea-AI Filing Summary

BEST BUY CO INC executive Scarlett Kathleen, its SEVP, CHRO, exercised options covering 96,166 shares at $70.50 on September 23, 2026; the reported option position afterward was 0. She also acquired 96,166 common shares in a periodic acquisition under a dividend reinvestment plan. On the same date, she sold 27,952 shares at a weighted-average price of $92.4105 (range $92.26 to $92.89) and 88,110 shares at a weighted-average price of $92.0702 (range $91.26 to $92.253). No Rule 10b5-1 plan is reported.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Scarlett Kathleen

Role SEVP, CHRO

Sold 116,062 shs ($10.70M)

Approx. gross sale proceeds $10.70M

Approx. exercise cost $6.78M

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	96,166	$70.50	$6.78M
Exercise	Common Stock F1	96,166	$70.50	$6.78M
Sale	Common Stock F2	27,952	$92.4105	$2.58M
Sale	Common Stock F3	88,110	$92.0702	$8.11M

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 116,173 shares (Direct)

Footnotes (3)

1. F1. This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.26 to $92.89, 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.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.26 to $92.253, 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

Options exercised: 96,166 shares Option exercise price: $70.50 per share Options following transaction: 0 options +3 more

6 metrics

Options exercised 96,166 shares September 23, 2026

Option exercise price $70.50 per share Options exercised September 23, 2026

Options following transaction 0 options After the reported transaction on September 23, 2026

Dividend reinvestment plan acquisition 96,166 shares Periodic acquisition on September 23, 2026

Shares sold 27,952 shares Weighted-average price $92.4105 per share; transaction prices ranged from $92.26 to $92.89 on September 23, 2026

Shares sold 88,110 shares Weighted-average price $92.0702 per share; transaction prices ranged from $91.26 to $92.253 on September 23, 2026

Key Terms

Stock Option (Right to Buy), dividend reinvestment plan, weighted average price, Section 16b-3(c)

4 terms

Stock Option (Right to Buy) technical

"Stock Option (Right to Buy)"

dividend reinvestment plan financial

"periodic acquisition of shares under a dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

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.

Section 16b-3(c) regulatory

"exempt from reporting under Section 16b-3(c)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BBY options did Scarlett Kathleen exercise, and at what price?

On September 23, 2026, Scarlett Kathleen exercised options covering 96,166 shares at $70.50. The reported option position afterward was 0.

How many BBY shares did Scarlett Kathleen sell, and at what prices?

On September 23, 2026, she sold 27,952 shares at a weighted-average price of $92.4105, in transactions ranging from $92.26 to $92.89, and 88,110 shares at a weighted-average price of $92.0702, in transactions ranging from $91.26 to $92.253.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/24/2026 - 04:26 PM Accepted by SEC EDGAR 09/24/2026 - 04:25 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^*

Scarlett Kathleen

(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)
	SEVP, CHRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

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	09/23/2026		M		96,166	A	$70.5	232,235(1)	D
Common Stock	09/23/2026		S		27,952	D	$92.4105(2)	204,283	D
Common Stock	09/23/2026		S		88,110	D	$92.0702(3)	116,173	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
Stock Option (Right to Buy)	$70.5	09/23/2026		M			96,166	03/26/2023	03/25/2029	Common Stock	96,166	$70.5	0.0000	D

Explanation of Responses:

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

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.26 to $92.89, 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.26 to $92.253, 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	09/24/2026
	** 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)