Best Buy (NYSE: BBY) CFO granted shares, sells portion to cover taxes

Rhea-AI Filing Summary

Best Buy executive Matthew M. Bilunas, SEVP Enterprise Strategy & CFO, reported a stock award and related share sale. He received 29,857 restricted shares of Best Buy common stock that will vest in three equal annual installments beginning one year from the grant date. To cover tax withholding when restricted shares vested, he sold 11,356 shares, which the filing notes was not a discretionary transaction. After these transactions, he directly holds 76,884 common shares of Best Buy.

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

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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^*

Bilunas Matthew 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
X	Officer (give title below)		Other (specify below)
	SEVP Enterprise Strategy & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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	03/20/2026		A		29,857(1)	A	$0.0000	88,240(2)	D
Common Stock	03/23/2026		S		11,356(3)	D	$64.019	76,884	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

Explanation of Responses:

1. Restricted shares that will vest in three equal annual installments beginning one year from the grant date.

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

3. Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares and does not represent a discretionary transaction by the reporting person.

	/s/ Jodie H. Crist, Attorney-in-fact	03/24/2026
	** 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)

FAQ

What did Best Buy (BBY) CFO Matthew Bilunas report in this Form 4?

Matthew Bilunas reported receiving 29,857 restricted Best Buy shares and selling 11,356 shares. The sale was solely to cover tax withholding on vested restricted stock, and he now directly holds 76,884 common shares following these compensation-related transactions.

How many Best Buy (BBY) shares did the CFO receive as a grant?

He received a grant of 29,857 restricted Best Buy common shares. According to the filing, these restricted shares will vest in three equal annual installments, beginning one year from the grant date, creating a multi‑year equity incentive tied to continued service.

What is the vesting schedule for the Best Buy (BBY) restricted shares?

The 29,857 restricted shares granted to the CFO vest in three equal annual installments. Vesting begins one year from the grant date, so one-third vests each year over three years, aligning the equity award with a longer-term employment and performance horizon.

Why did the Best Buy (BBY) CFO sell 11,356 shares?

The filing states the 11,356 shares were sold to cover tax withholding obligations from vesting restricted shares. It specifically notes this does not represent a discretionary transaction by the reporting person, indicating the sale was a routine, tax-driven event.

How many Best Buy (BBY) shares does the CFO hold after these transactions?

After the award and the tax-related sale, Matthew Bilunas directly holds 76,884 Best Buy common shares. This post‑transaction holding figure comes from the Form 4 entries associated with the sale dated March 23, 2026, and reflects his remaining equity stake.

Were any derivative securities involved in this Best Buy (BBY) Form 4 filing?

No derivative securities are shown in this Form 4. The filing lists only non-derivative transactions in Best Buy common stock, specifically a grant of restricted shares and a sale of shares to satisfy tax withholding obligations upon restricted stock vesting.