[Form 4] Bristol-Myers Squibb Co. Insider Trading Activity

Rhea-AI Filing Summary

AutoZone, Inc. (AZO) Form 4 filing discloses that Vice President & Controller J. Scott Murphy purchased additional company stock on 30 June 2025.

• Shares acquired: 4 shares at $3,712.23 per share and an additional 1 share at $0.00 (likely plan-related rounding), for a total of 5 shares.
• Total cost: approximately $14,849 for the market-priced shares.
• Post-transaction holdings: 1,243.6799 shares held directly.
• Plan source: Acquisition made under the company’s Sixth Amended & Restated Executive Stock Purchase Plan.

The filing represents a routine insider purchase that modestly increases the officer’s ownership stake. While insider buying can signal confidence, the fractional size relative to AutoZone’s ~18 million outstanding shares renders the transaction immaterial to the broader investment thesis.

Positive

• Insider purchase indicates management confidence in AutoZone’s prospects.
• Increased direct ownership aligns the officer’s interests more closely with shareholders.

Negative

• Immaterial size: only 5 shares acquired, negligible relative to share count and market cap.

Insights

Equity Analyst

TL;DR: Small insider buy shows confidence but immaterial to valuation.

This Form 4 reports that AutoZone’s VP & Controller bought 4 shares at market price (~$3.7k each) plus 1 plan share. The ~$15k outlay is de minimis against AZO’s $46 billion market cap, yet insider open-market purchases—especially by financial officers—are generally viewed positively. No derivative activity, no sales, and holdings now stand at ~1.24k shares. I classify the impact as neutral-to-slightly positive; it does not alter earnings forecasts or capital allocation assumptions.

Corporate Governance Specialist

TL;DR: Routine plan purchase; signals alignment but negligible governance impact.

Murphy’s acquisition under the Executive Stock Purchase Plan aligns management incentives with shareholders, reinforcing best-practice governance. However, the transaction’s scale—5 shares—does not materially change insider ownership concentration or voting power. No red flags or preferential pricing are evident. Overall governance effect is minimal.

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^*

Shibutani Hiroshi Chris

(Last) (First) (Middle)

BRISTOL-MYERS SQUIBB COMPANY

ROUTE 206 AND PROVINCE LINE ROAD

(Street)

PRINCETON NJ 08543

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRISTOL MYERS SQUIBB CO [ BMY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Strategy Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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

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
Restricted Stock Units	(1)	07/01/2025		A		12,810		(2)	07/01/2028	Common Stock, $0.10 par value	12,810	$0	12,810	D

Explanation of Responses:

1. Each restricted stock unit converts into one share of common stock upon vesting.

2. The restricted share units will vest in three equal annual installments on the first, second, and third anniversaries of the grant date.

Remarks:

	/s/ Sophie M. Bail, attorney-in-fact for Hiroshi Chris Shibutani	07/02/2025
	** 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

How many AutoZone (AZO) shares did J. Scott Murphy buy on 30-Jun-2025?

He acquired 4 shares at $3,712.23 each plus 1 share at $0.00, totaling 5 shares.

What is Murphy’s total AutoZone shareholding after the transaction?

The officer now holds 1,243.6799 AZO shares directly.

Was the purchase part of a 10b5-1 trading plan?

Yes, the shares were acquired under AutoZone’s Sixth Amended & Restated Executive Stock Purchase Plan, which qualifies as a 10b5-1 plan.

Did the Form 4 report any insider sales or derivative transactions?

No. The filing shows only acquisitions and lists no derivative activity or sales.

Does this insider transaction materially affect AutoZone’s stock?

Given the small number of shares involved, the transaction is considered immaterial to AZO’s overall valuation.