Best Buy: Schulze reports 435 trust shares, no purchase
The 435 shares were already held in trust; the report reflects a beneficial-ownership status change following a trustee appointment.
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Rhea-AI Filing Summary
Best Buy Co Inc (BBY) reported that Chairman Emeritus Richard M. Schulze was deemed to beneficially own 435 shares held by a trust effective November 5, 2026, after his spouse became a trustee. The trust held the shares before the appointment; the event changed beneficial-ownership reporting status, and no securities were acquired by Schulze or the trust.
Other indirect positions listed include 70,924 shares in a 401(k), based on a plan statement as of November 3, 2026; 2,061 shares in an IRA; 702,903 shares under “sole general partner of limited partnership B”; 1,153,938 shares in a spousal GRAT; 399 shares held by his spouse; 172,831 shares in a spouse irrevocable trust; and 9,230,936 shares as trustee for a revocable trust. The 401(k) figure reflects a periodic adjustment and is exempt from reporting under Rule 16b-3(c).
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 435 | $0.00 | $0.00 |
| Holding | Common Stock F2 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Effective November 5, 2026, the reporting person became deemed to beneficially own these shares, which are held by a trust, as a result of the appointment of the reporting person's spouse as a trustee of the trust. The reported transaction reflects only a change in beneficial ownership reporting status. The shares were held by the trust prior to such appointment, and no securities were acquired by the reporting person or the trust in connection with this event.
- F2. This number reflects a periodic adjustment of shares under the employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of November 3, 2026.
Key Figures
Key Terms
beneficial ownership reporting status regulatory
Rule 16b-3(c) regulatory
employee retirement savings account (401(k)) financial
Spousal GRAT technical
FAQ
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What changed in Richard M. Schulze's BBY Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.
