Starbucks (SBUX) director Zhang Wei receives 3,667 fully vested stock units

Rhea-AI Filing Summary

Zhang Wei reported acquisition or exercise transactions in this Form 4 filing.

Starbucks director Zhang Wei received an equity grant rather than buying shares on the market. On March 25, 2026, Zhang was awarded 3,667 shares of Starbucks common stock as restricted stock units that were fully vested at grant and deferred under the Deferred Compensation Plan for Non-Employee Directors.

After this award, Zhang’s direct holdings increased to 12,376 shares, which include 236 deferred stock units credited as dividends under a dividend reinvestment plan. The transaction carries no cash purchase price and reflects standard director compensation in stock-based form.

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

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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^*

Zhang Wei

(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	12,376(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 pursuant to the Deferred Compensation Plan for Non-Employee Directors.

2. Includes 236 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan.

	/s/ Michael Payant, attorney-in-fact for Wei Zhang	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 Zhang Wei report in this Form 4?

Zhang Wei reported receiving 3,667 Starbucks common shares as a fully vested restricted stock unit award. The shares are deferred under the company’s Deferred Compensation Plan for Non-Employee Directors, reflecting stock-based compensation rather than an open-market purchase.

How many Starbucks (SBUX) shares does Zhang Wei hold after this transaction?

Following the March 25, 2026 grant, Zhang Wei holds 12,376 Starbucks common shares directly. This total includes 236 deferred stock units credited as dividends on existing deferred stock units through a dividend reinvestment plan.

Was cash paid for the Starbucks (SBUX) shares reported in this Form 4?

No cash was paid for these Starbucks shares. The 3,667 shares were received as a restricted stock unit award with a reported price per share of $0.00, indicating compensation rather than an open-market stock purchase.

What type of award did Zhang Wei receive from Starbucks (SBUX)?

Zhang Wei received a grant of restricted stock units that was fully vested at the time of grant. These units are deferred under Starbucks’ Deferred Compensation Plan for Non-Employee Directors, meaning they are credited but settlement is postponed according to plan terms.

Do Zhang Wei’s Starbucks (SBUX) holdings include dividend-related stock units?

Yes. Zhang Wei’s reported total includes 236 deferred stock units that represent dividends on existing deferred stock units. These were credited through a dividend reinvestment plan, increasing the share-equivalent balance without additional cash investment.