Starbucks (SBUX) EVP Sara Kelly completes 2,500-share stock sale

Rhea-AI Filing Summary

Starbucks executive Sara Kelly sold 2,500 shares of common stock in an open‑market transaction. The sale occurred on March 5, 2026 at a price of $97.12 per share under a pre‑arranged Rule 10b5‑1 trading plan. After this sale, she directly owned 59,608.5548 shares, including 40.385 shares from the employee stock purchase plan and 510.797 shares from dividend equivalents on unvested restricted stock units.

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).

X

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)
03/05/2026

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	03/05/2026		S		2,500(1)	D	$97.12	59,608.5548(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. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2025.

2. Includes 40.385 shares purchased on December 31, 2025, pursuant to the Starbucks Employee Stock Purchase Plan.

3. Includes 510.797 shares representing dividend equivalents on unvested time-based restricted stock units.

	/s/ Joshua C. Gaul, attorney-in-fact for Sara Kelly	03/09/2026
	** 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.

FAQ

What did Starbucks (SBUX) executive Sara Kelly report in this Form 4?

Sara Kelly reported selling 2,500 shares of Starbucks common stock. The open‑market transaction occurred at $97.12 per share and left her with 59,608.5548 directly owned shares, including amounts from the employee stock purchase plan and dividend equivalents.

How many Starbucks (SBUX) shares did Sara Kelly sell and at what price?

She sold 2,500 Starbucks common shares at $97.12 per share. This was an open‑market sale coded as a standard sale transaction, reducing but not eliminating her direct ownership position in Starbucks stock after the trade.

Was Sara Kelly’s Starbucks (SBUX) share sale under a Rule 10b5-1 plan?

Yes. The sale was executed under a Rule 10b5‑1 trading plan adopted on December 3, 2025. Such plans allow insiders to pre‑schedule trades, helping separate personal transactions from day‑to‑day corporate information flows.

How many Starbucks (SBUX) shares does Sara Kelly own after this transaction?

After the sale, she directly owns 59,608.5548 Starbucks shares. This total includes 40.385 shares purchased through the Starbucks Employee Stock Purchase Plan and 510.797 shares credited as dividend equivalents on unvested restricted stock units.

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

Her reported holdings include 40.385 shares purchased via the Starbucks Employee Stock Purchase Plan and 510.797 shares representing dividend equivalents on unvested time‑based restricted stock units, in addition to other directly held common shares.