Director Marissa Mayer gets stock grant at Starbucks (NASDAQ: SBUX)

Rhea-AI Filing Summary

MAYER MARISSA A reported acquisition or exercise transactions in this Form 4 filing.

Starbucks director Marissa Mayer reported a stock award that increases her direct holdings. She received 3,667 shares of Starbucks common stock as a grant classified as a non-cash award, bringing her direct ownership to 6,041 shares after the transaction.

The award consists of restricted stock units granted on March 25, 2026 that were fully vested at grant but are deferred until she leaves the board under the company’s Deferred Compensation Plan for Non-Employee Directors. Her holdings also include 48 deferred stock units credited as dividends under a dividend reinvestment plan.

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
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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^*

MAYER MARISSA A

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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	03/25/2026		A		3,667(1)	A	$0	6,041(2)	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. Represents restricted stock units granted on March 25, 2026, fully vested at the time of the grant, and deferred until termination of service as a director pursuant to the Deferred Compensation Plan for Non-Employee Directors.

2. Includes 48 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan.

	/s/ Michael Payant, attorney-in-fact for Marissa A. Mayer	03/27/2026
	** 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 Starbucks (SBUX) director Marissa Mayer report in this Form 4?

Marissa Mayer reported receiving 3,667 shares of Starbucks common stock as a fully vested stock award. The grant increased her direct holdings to 6,041 shares, reflecting compensation in equity rather than a market purchase or sale of Starbucks stock.

Was Marissa Mayer’s Starbucks (SBUX) transaction a stock purchase or sale?

The transaction was not an open-market buy or sell. It is coded as an acquisition from a grant, meaning Starbucks awarded 3,667 shares to Marissa Mayer as compensation, with no cash changing hands in a traditional stock market transaction.

How many Starbucks (SBUX) shares does Marissa Mayer hold after this grant?

After the grant, Marissa Mayer directly holds 6,041 Starbucks common shares. This total includes the 3,667-share award reported and reflects her position as a non-employee director receiving part of her compensation in company equity.

What are the terms of Marissa Mayer’s Starbucks (SBUX) restricted stock units?

The restricted stock units were granted March 25, 2026, fully vested immediately, and are deferred until she terminates service as a director. They are issued under Starbucks’ Deferred Compensation Plan for Non-Employee Directors, so payout timing is tied to when she leaves the board.

What are the 48 deferred stock units mentioned for Starbucks (SBUX)?

The filing notes 48 deferred stock units that represent dividends on previously deferred stock units. These are credited through a dividend reinvestment plan, effectively accumulating additional stock-based compensation tied to prior awards rather than fresh open-market purchases.