Starbucks (SBUX) director G. Michael Sievert receives 3,667-share grant

Rhea-AI Filing Summary

SIEVERT G MICHAEL reported acquisition or exercise transactions in this Form 4 filing.

Starbucks director G. Michael Sievert received a stock award of 3,667 shares of common stock on March 25, 2026. The shares were granted as restricted stock units that were fully vested at the time of grant and deferred under the Deferred Compensation Plan for Non-Employee Directors.

Following this award, Sievert directly holds 10,878 Starbucks shares. Because this is a compensation-related grant rather than an open-market trade, it mainly reflects standard board compensation rather than a discretionary purchase or sale decision.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SIEVERT G MICHAEL

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,667	$0.00	--

Holdings After Transaction: Common Stock — 10,878 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

SIEVERT G MICHAEL

(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	10,878	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 pursuant to the Deferred Compensation Plan for Non-Employee Directors.

	/s/ Michael Payant, attorney-in-fact for G Michael Sievert	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 insider transaction did Starbucks (SBUX) report for G. Michael Sievert?

Starbucks reported that director G. Michael Sievert received a grant of 3,667 shares of common stock on March 25, 2026. The award was in the form of fully vested restricted stock units under the company’s non-employee director compensation program.

Was G. Michael Sievert’s Starbucks (SBUX) transaction a market purchase or sale?

The transaction was not a market trade. Sievert received 3,667 Starbucks shares as a fully vested restricted stock unit grant, categorized as a grant or award acquisition, rather than buying or selling shares in the open market.

How many Starbucks (SBUX) shares does G. Michael Sievert hold after this grant?

After receiving the 3,667-share award, G. Michael Sievert directly holds 10,878 Starbucks common shares. This figure reflects his position immediately following the reported compensation grant to him as a non-employee director.

What are the terms of G. Michael Sievert’s Starbucks restricted stock unit grant?

Sievert’s grant represents restricted stock units that were fully vested at the time of grant on March 25, 2026. The units are deferred under Starbucks’ Deferred Compensation Plan for Non-Employee Directors, rather than being immediately settled in shares.

Does the Starbucks (SBUX) Form 4 indicate any derivative or option activity for G. Michael Sievert?

The filing does not show any derivative or option exercises for Sievert. It reports only a single non-derivative transaction: an acquisition of 3,667 common shares through a fully vested restricted stock unit grant as director compensation.