Starbucks exec has 1,453.695 shares withheld

Starbucks’ chief partner officer had shares withheld to cover RSU tax obligations, with over 56,000 shares remaining directly owned afterward.

Available on EDGAR 09/17/2026 - 06:49 PM EDT Accepted by SEC EDGAR 09/17/2026 - 06:49 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

STARBUCKS CORP (SBUX) executive Sara Kelly, evp and chief partner officer, reported a disposition of 1,453.695 shares of common stock on September 15, 2026. The shares were withheld by Starbucks to satisfy tax withholding obligations upon vesting of restricted stock units, at a reported value of $96.58 per share, and this was not an open market transaction. After this tax-withholding event, Kelly directly holds 56,352.6048 shares, which include 33.279 shares purchased through the Starbucks Employee Stock Purchase Plan and 206 shares representing dividend equivalents on unvested time-based restricted stock units. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Tax Withholding: 1,453.695 shares

Tax Withholding 1 txn

Insider KELLY SARA

Role evp, chief partner officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2, F3	1,453.695	$96.58	$140K

Holdings After Transaction: Common Stock — 56,352.6048 shares (Direct)

Footnotes (3)

1. F1. Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units; not an open market transaction.
2. F2. Includes 33.279 shares purchased on June 30, 2026, pursuant to the Starbucks Employee Stock Purchase Plan.
3. F3. Includes 206 shares representing dividend equivalents on unvested time-based restricted stock units.

Key Figures

Shares withheld for tax: 1,453.695 shares Per-share value for tax-withholding shares: $96.58 per share Shares held after transaction: 56,352.6048 shares +2 more

5 metrics

Shares withheld for tax 1,453.695 shares Shares of Starbucks common stock withheld on September 15, 2026 to satisfy tax withholding obligations on RSU vesting

Per-share value for tax-withholding shares $96.58 per share Reported value for the 1,453.695 shares withheld to cover tax obligations

Shares held after transaction 56,352.6048 shares Total Starbucks common shares directly owned by Sara Kelly following the September 15, 2026 event

ESPP shares included in holdings 33.279 shares Shares purchased on June 30, 2026 under the Starbucks Employee Stock Purchase Plan included in post-transaction holdings

Dividend equivalent shares 206 shares Shares representing dividend equivalents on unvested time-based restricted stock units included in holdings

Key Terms

restricted stock units, dividend equivalents, Employee Stock Purchase Plan, tax withholding obligations

4 terms

restricted stock units financial

"Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalents financial

"Includes 206 shares representing dividend equivalents on unvested time-based restricted stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Employee Stock Purchase Plan financial

"Includes 33.279 shares purchased on June 30, 2026, pursuant to the Starbucks Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

tax withholding obligations financial

"Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units"

FAQ

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

What insider transaction did Starbucks (SBUX) report for executive Sara Kelly?

Sara Kelly reported a disposition of 1,453.695 Starbucks common shares on September 15, 2026. The shares were withheld by Starbucks to satisfy tax withholding obligations upon vesting of restricted stock units and did not involve an open market sale.

Was the Starbucks (SBUX) insider transaction an open market sale?

No. The filing states the 1,453.695 shares were withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units and were not an open market transaction.

How many Starbucks (SBUX) shares does Sara Kelly hold after this Form 4 transaction?

Following the tax-withholding disposition, Sara Kelly directly holds 56,352.6048 Starbucks common shares. This total includes shares bought via the Employee Stock Purchase Plan and dividend equivalents on unvested restricted stock units.

What price per share is associated with Sara Kelly’s reported Starbucks (SBUX) tax-withholding shares?

The filing reports a value of $96.58 per share for the 1,453.695 shares withheld to cover tax obligations upon vesting of restricted stock units on September 15, 2026.

Did Starbucks’ executive Sara Kelly use a Rule 10b5-1 plan for this SBUX transaction?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmatively checked, and the footnotes do not reference a trading plan, so no Rule 10b5-1 plan is reported for this tax-withholding event.

What additional share components are included in Sara Kelly’s Starbucks (SBUX) holdings?

Her post-transaction holdings of 56,352.6048 shares include 33.279 shares purchased on June 30, 2026 under the Starbucks Employee Stock Purchase Plan and 206 shares representing dividend equivalents on unvested time-based restricted stock units.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

KELLY SARA

(Last) (First) (Middle)

2401 UTAH AVENUE SOUTH

(Street)

SEATTLE WASHINGTON 98134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STARBUCKS CORP [ SBUX ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	evp, chief partner officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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	09/15/2026		F		1,453.695(1)	D	$96.58	56,352.6048(2)(3)	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. Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units; not an open market transaction.

2. Includes 33.279 shares purchased on June 30, 2026, pursuant to the Starbucks Employee Stock Purchase Plan.

3. Includes 206 shares representing dividend equivalents on unvested time-based restricted stock units.

	/s/ Joshua C. Gaul, attorney-in-fact for Sara Kelly	09/17/2026
	** 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)