[Form 4] Best Buy Company, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Watson Mathew, SVP, Controller & CAO of Best Buy Co., Inc. (BBY), reported a sale of 2,018 shares of Best Buy common stock on 09/04/2025 at a price of $76.763 per share. After the transaction he beneficially owned 20,132 shares, held directly. The Form 4 was signed by an attorney-in-fact on 09/05/2025. The filing was made by one reporting person.

Positive

• None.

Negative

• Insider sale disclosed: Watson Mathew sold 2,018 shares on 09/04/2025 at $76.763 per share

Insights

Financial Analyst

TL;DR: Routine insider sale with limited market impact given modest size relative to public float.

The reported sale of 2,018 shares at $76.763 is a discrete, non-derivative disposition by the company controller. This type of Form 4 discloses insider liquidity but does not include additional context such as reason for sale or relation to compensation plans. Without size relative to outstanding shares or recent trading patterns, the transaction appears informational rather than material.

Corporate Governance Expert

TL;DR: Compliance disclosure completed; no governance red flags in this single transaction.

The Form 4 shows timely reporting and a direct ownership change by an officer. The form indicates individual filing and includes attorney-in-fact signature, which suggests standard compliance procedures. There is no disclosure here of any related-party transaction, planned trading program, or acceleration of benefits that would signal governance concerns.

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^*

Watson Mathew

(Last) (First) (Middle)

7601 PENN AVENUE S.

(Street)

RICHFIELD MN 55423

(City) (State) (Zip)

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)
	SVP, Controller & CAO

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/04/2025		S		2,018	D	$76.763	20,132	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:

	/s/ Jodie H. Crist, Attorney-in-fact	09/05/2025
	** 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.

FAQ

What transaction did Watson Mathew report on Form 4 for BBY?

He reported a sale of 2,018 shares of Best Buy common stock on 09/04/2025 at $76.763 per share.

How many Best Buy (BBY) shares does Watson Mathew own after the transaction?

He beneficially owned 20,132 shares following the reported sale.

What is Watson Mathew's role at Best Buy listed on the Form 4?

He is listed as SVP, Controller & CAO of Best Buy Co., Inc.

Was the Form 4 filed by more than one reporting person for BBY?

No. The form indicates it was filed by one reporting person.

Who signed the Form 4 and when?

The Form 4 was signed by Jodie H. Crist, Attorney-in-fact on 09/05/2025.