[Form 4] STARBUCKS CORP Insider Trading Activity

Rhea-AI Filing Summary

Starbucks Corporation executive Form 4 filing reports a routine share withholding by the company’s Executive Vice President and Chief Financial Officer, Cathy R. Smith. On 11/19/2025, Starbucks withheld 1,904.262 shares of common stock at a price of $83.68 per share to cover tax obligations when her restricted stock units vested, which was not an open market transaction. After this transaction, she beneficially owned 65,122.738 shares of Starbucks common stock directly.

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^*

Smith Cathy R

(Last) (First) (Middle)

2401 UTAH AVENUE SOUTH

(Street)

SEATTLE WA 98134

(City) (State) (Zip)

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, cfo

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

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	11/19/2025		F		1,904.262(1)	D	$83.68	65,122.738	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.

	/s/ Jonathan Miner, attorney-in-fact for Cathy R. Smith	11/20/2025
	** 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 did Starbucks (SBUX) disclose in this Form 4 filing?

The filing shows that Executive Vice President and Chief Financial Officer Cathy R. Smith had 1,904.262 Starbucks common shares withheld on 11/19/2025 to satisfy tax withholding obligations upon vesting of restricted stock units.

Was the Starbucks (SBUX) Form 4 transaction an open market sale?

No. The filing explains that the 1,904.262 shares were withheld by the issuer to cover tax withholding on vested restricted stock units and was not an open market transaction.

What price per share was used for the tax withholding shares in the Starbucks (SBUX) Form 4?

The shares withheld from Cathy R. Smith were valued at $83.68 per share for purposes of satisfying tax withholding obligations.

How many Starbucks (SBUX) shares does Cathy R. Smith own after the reported transaction?

Following the withholding of shares for taxes, Cathy R. Smith beneficially owned 65,122.738 shares of Starbucks common stock directly.

What is Cathy R. Smith’s role at Starbucks (SBUX) as shown in the Form 4?

The Form 4 lists Cathy R. Smith as an officer of Starbucks, with the title Executive Vice President and Chief Financial Officer (evp, cfo).

Is the Starbucks (SBUX) Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, covering the holdings and transaction of Cathy R. Smith only.