Best Buy insider reports 23,166-share stock gifts

BEST BUY CO INC Chairman Emeritus Richard M. Schulze reported several bona fide gifts of Best Buy common stock.

Rhea-AI Filing Summary

BEST BUY CO INC Chairman Emeritus Richard M. Schulze reported several bona fide gifts of Best Buy common stock. On April 15, 2026, indirect accounts associated with his spouse and a revocable trust transferred a combined 23,166 shares at a stated price of $0.00 per share, reflecting that these were non-cash gifts rather than market sales.

Following the largest reported gift, the revocable trust still holds 11,430,936 shares of Best Buy common stock indirectly. Spousal-related indirect accounts reported post-gift holdings of 1,688 shares and 749 shares, while additional indirect holdings include a 401(k) with 68,461.4349 shares, an IRA with 2,061 shares, a limited partnership with 702,903 shares, a spousal GRAT with 1,153,938 shares, and a spouse irrevocable trust with 172,831 shares.

Insider Trade Summary

23,166 shares gifted

Gift 8 txns

Insider SCHULZE RICHARD M

Role Insider

Type	Security	Shares	Price	Value
Gift	Common Stock	1,252	$0.00	$0.00
Gift	Common Stock	939	$0.00	$0.00
Gift	Common Stock	20,975	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 749 shares (Indirect, Spouse); Common Stock — 11,430,936 shares (Indirect, Trustee for Revocable Trust); Common Stock — 68,461.4349 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 — 172,831 shares (Indirect, Spouse Irrevocable Trust)

Footnotes (1)

1. F1. 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 March 30, 2026.

Key Figures

Total gifted shares: 23,166 shares Revocable trust holdings: 11,430,936 shares Spousal indirect holdings A: 1,688 shares +5 more

8 metrics

Total gifted shares 23,166 shares Bona fide gifts of Best Buy common stock on April 15, 2026

Revocable trust holdings 11,430,936 shares Indirect Best Buy common stock held after reported gift

Spousal indirect holdings A 1,688 shares Spouse indirect Best Buy common stock after gift

Spousal indirect holdings B 749 shares Second spouse indirect Best Buy common stock position

401(k) holdings 68,461.4349 shares Employee retirement savings account as of March 30, 2026

Limited partnership B holdings 702,903 shares Indirect Best Buy common stock via limited partnership B

Spousal GRAT holdings 1,153,938 shares Indirect Best Buy common stock held in Spousal GRAT

Spouse irrevocable trust holdings 172,831 shares Indirect Best Buy common stock in spouse irrevocable trust

Key Terms

bona fide gift, Rule 16b-3(c), 401(k), Revocable Trust, +2 more

6 terms

bona fide gift financial

"transaction_code_description": "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Rule 16b-3(c) regulatory

"exempt from reporting under Rule 16b-3(c). Total is based"

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.

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.

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""

Spouse Irrevocable Trust financial

"nature_of_ownership": "Spouse Irrevocable Trust""

FAQ

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

What insider transactions did BBY’s Richard M. Schulze report on this Form 4?

Richard M. Schulze reported bona fide gifts of Best Buy common stock totaling 23,166 shares on April 15, 2026. These were non-cash transfers, coded as gifts, rather than open-market purchases or sales of BBY shares.

Were the Best Buy (BBY) insider transactions open-market sales or non-cash gifts?

The reported BBY insider transactions were non-cash gifts, not open-market sales. Each transaction used code G for bona fide gifts with a price of $0.00 per share, indicating stock transfers rather than sales for cash proceeds.

How many Best Buy (BBY) shares did Schulze’s revocable trust hold after the gifts?

After the reported gifts, the revocable trust associated with Richard M. Schulze held 11,430,936 shares of Best Buy common stock indirectly. This figure reflects the trust’s position as of the transaction date disclosed in the Form 4.

What indirect Best Buy (BBY) holdings related to Schulze’s spouse are disclosed?

The Form 4 shows indirect spouse-related holdings of 1,688 shares and 749 shares after the gifts. Additional indirect positions linked to spousal entities include a Spousal GRAT with 1,153,938 shares and a Spouse Irrevocable Trust holding 172,831 shares.

What retirement and partnership accounts holding BBY stock are noted in this filing?

The filing lists a 401(k) account with 68,461.4349 shares based on a plan statement dated March 30, 2026, an IRA holding 2,061 shares, and a limited partnership B position of 702,903 shares, all categorized as indirect ownership.

Does the BBY Form 4 mention any special reporting treatment for 401(k) shares?

Yes. A footnote explains the 401(k) figure reflects a periodic adjustment of shares in an employee retirement savings account and is exempt from reporting under Rule 16b-3(c), with totals taken from a plan statement as of March 30, 2026.

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

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Accepted by SEC EDGAR 04/16/2026 - 04:31 PM EDT 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)
04/15/2026

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	04/15/2026		G		1,252	A	$0.0000	1,688	I	Spouse
Common Stock	04/15/2026		G		939	D	$0.0000	749	I	Spouse
Common Stock	04/15/2026		G		20,975	D	$0.0000	11,430,936	I	Trustee for Revocable Trust
Common Stock								68,461.4349(1)	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								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. 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 March 30, 2026.

	/s/ Todd G. Hartman, Attorney-in-Fact	04/16/2026
	** 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)