Best Buy chair emeritus sells 418K BBY shares
Best Buy Co., Inc. Chairman Emeritus Richard M. Schulze reported indirect open-market sales of 418,601 shares of Best Buy common stock through a revocable trust for which he serves as trustee.
Rhea-AI Filing Summary
Best Buy Co., Inc. Chairman Emeritus Richard M. Schulze reported indirect open-market sales of 418,601 shares of Best Buy common stock through a revocable trust for which he serves as trustee. The shares were sold over two days at weighted average prices of $78.1041 and $78.1321 per share, with individual trades ranging from $78.00 to $78.57. Following these transactions, the revocable trust continues to hold 10,430,936 shares, and Schulze also reports additional indirect holdings through family and retirement accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 418,601 shares
Net Sell
8 txns
Insider
SCHULZE RICHARD M
Role
Insider
Sold
418,601 shs ($32.70M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 224,705 | $78.1041 | $17.55M |
| Sale | Common Stock | 193,896 | $78.1321 | $15.15M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,430,936 shares (Indirect, Trustee for Revocable Trust);
Common Stock — 69,400.4455 shares (Indirect, 401(k));
Common Stock — 2,061 shares (Indirect, IRA);
Common Stock — 702,903 shares (Indirect, Sole general partner of limited partnership B);
Common Stock — 1,153,938 shares (Indirect, Spousal GRAT);
Common Stock — 399 shares (Indirect, Spouse);
Common Stock — 172,831 shares (Indirect, Spouse Irrevocable Trust)
Footnotes (3)
- F1. 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 $78.57, 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.
- F2. 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 $78.26, 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.
- F3. 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 June 24, 2026.
Key Figures
Shares sold on June 26, 2026: 224,705 shares at $78.1041/share
Shares sold on June 25, 2026: 193,896 shares at $78.1321/share
Total shares sold in this filing: 418,601 shares
+2 more
5 metrics
Shares sold on June 26, 2026
224,705 shares at $78.1041/share
Indirect open-market sale via revocable trust
Shares sold on June 25, 2026
193,896 shares at $78.1321/share
Indirect open-market sale via revocable trust
Total shares sold in this filing
418,601 shares
Net insider selling across two days
Revocable trust holdings after sales
10,430,936 shares
Indirect holdings following June 26, 2026 sale
401(k) plan holdings
69,400.4455 shares
Based on 401(k) plan statement as of June 24, 2026
Key Terms
Revocable Trust, Spousal GRAT, weighted average price, Rule 16b-3(c), +2 more
6 terms
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""
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.
Rule 16b-3(c) regulatory
"adjustment of shares under the employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
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
"employee retirement savings account (401(k)) exempt from reporting"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Richard M. Schulze report for Best Buy (BBY)?
Richard M. Schulze reported indirect open-market sales of 418,601 Best Buy common shares through a revocable trust. The trades occurred over two days at weighted average prices slightly above $78 per share, as disclosed in his Form 4 filing.
Are Richard M. Schulze’s Best Buy (BBY) transactions direct or indirect holdings?
All reported holdings and sales in this Form 4 are indirect. Shares are held through a revocable trust, spouse-related trusts and accounts, an IRA, a 401(k) plan, and a limited partnership, rather than directly in Schulze’s own name.
What other indirect Best Buy (BBY) holdings are reported besides the revocable trust?
The filing lists additional indirect holdings including a spouse irrevocable trust, a spousal GRAT, a limited partnership where Schulze is sole general partner, an IRA, and a 401(k) account, which held 69,400.4455 shares based on a plan statement as of June 24, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
