Starbucks (SBUX) EVP reports RSUs; holdings now 65,223 shares

Starbucks (SBUX) executive Sara Kelly, EVP and chief partner officer, reported insider equity transactions.

Rhea-AI Filing Summary

Starbucks (SBUX) executive Sara Kelly, EVP and chief partner officer, reported insider equity transactions. On 11/10/2025, 60.145 shares were withheld (Code F) at $84.6 to cover taxes upon RSU vesting. On 11/11/2025, she acquired 4,970 shares at $0 from performance-based RSUs earned and 13,886 shares at $0 from a new RSU grant. Following these transactions, she beneficially owned 65,223.0073 shares directly.

The earned RSUs vest on 11/18/2025. The 13,886-share grant vests in four installments: 3,472 shares on 11/11/2026 and 11/11/2027, and 3,471 shares on 11/11/2028 and 11/11/2029.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider KELLY SARA

Role evp, chief partner officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,970	$0.00	$0.00
Grant/Award	Common Stock	13,886	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	60.145	$84.60	$5K

Holdings After Transaction: Common Stock — 65,223.0073 shares (Direct)

Footnotes (4)

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 46.898 shares purchased on September 30, 2025, pursuant to the Starbucks Corporation Employee Stock Purchase Plan.
3. F3. Restricted stock units (RSUs) earned on the achievement of performance goals under performance-based restricted stock units granted on November 18, 2022. The reported RSUs vest November 18, 2025.
4. F4. Restricted stock units granted on November 11, 2025 and vests in two increments of 3,472 shares each on November 11, 2026, and November 11, 2027, and two increments of 3,471 shares each on November 11, 2028, and November 11, 2029.

FAQ

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

What did SBUX EVP Sara Kelly report on Form 4?

She reported tax withholding of 60.145 shares at $84.6 and acquisitions of 4,970 earned RSU shares and 13,886 RSU grant shares, both at $0.

How many shares were withheld for taxes and at what price?

60.145 shares were withheld at $84.6 to satisfy tax obligations upon RSU vesting.

What RSUs were acquired and when do they vest?

4,970 shares were earned under performance-based RSUs vesting on 11/18/2025; a 13,886-share grant vests in 2026–2029 (3,472 on 11/11/2026 and 11/11/2027; 3,471 on 11/11/2028 and 11/11/2029).

What is Sara Kelly’s beneficial ownership after the transactions?

65,223.0073 shares, held directly.

Were any amounts paid for the RSU acquisitions?

No. The RSU-related share acquisitions were reported at $0.

Does the reported ownership include ESPP purchases?

Yes. It includes 46.898 shares purchased on 09/30/2025 under the Starbucks Employee Stock Purchase Plan.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 11/13/2025 - 07:40 PM Learn about SEC filing dates

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 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, chief partner officer

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

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	11/10/2025		F		60.145(1)	D	$84.6	46,367.0073(2)	D
Common Stock	11/11/2025		A		4,970(3)	A	$0	51,337.0073	D
Common Stock	11/11/2025		A		13,886(4)	A	$0	65,223.0073	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 46.898 shares purchased on September 30, 2025, pursuant to the Starbucks Corporation Employee Stock Purchase Plan.

3. Restricted stock units (RSUs) earned on the achievement of performance goals under performance-based restricted stock units granted on November 18, 2022. The reported RSUs vest November 18, 2025.

4. Restricted stock units granted on November 11, 2025 and vests in two increments of 3,472 shares each on November 11, 2026, and November 11, 2027, and two increments of 3,471 shares each on November 11, 2028, and November 11, 2029.

	/s/ Jonathan Miner, attorney-in-fact for Sara Kelly	11/13/2025
	** 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.