Starbucks (SBUX) director logs routine tax-withholding share disposition on RSU vesting

Rhea-AI Filing Summary

Starbucks director Jørgen Vig Knudstorp reported a routine tax-related share disposition. On this Form 4, 354.864 shares of Starbucks common stock were withheld by the company at $93.83 per share to satisfy tax obligations when restricted stock units vested. After this withholding, he directly holds 53,006.050 shares, which includes 264.435 deferred stock units credited as dividend equivalents.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KNUDSTORP JORGEN VIG

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	354.864	$93.83	$33K

Holdings After Transaction: Common Stock — 53,006.05 shares (Direct)

Footnotes (1)

1. Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units; not an open market transaction. Includes 264.435 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan

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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^*

KNUDSTORP JORGEN VIG

(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)
03/23/2026

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	03/23/2026		F		354.864(1)	D	$93.83	53,006.05(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. Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units; not an open market transaction.

2. Includes 264.435 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan

	/s/ Michael Payant, attorney-in-fact for Jorgen Vig Knudstorp	03/25/2026
	** 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) director Jørgen Vig Knudstorp report?

Starbucks director Jørgen Vig Knudstorp reported a tax-withholding disposition of 354.864 common shares. The company withheld these shares at $93.83 each to cover taxes due when his restricted stock units vested, rather than an open-market sale.

Was the Starbucks (SBUX) insider transaction an open-market sale?

No, the transaction was not an open-market sale. Shares were withheld by Starbucks to satisfy tax obligations upon the vesting of restricted stock units, as noted in the footnote, which classifies it as a routine tax-withholding event, not a discretionary share sale.

How many Starbucks (SBUX) shares does Jørgen Vig Knudstorp hold after this Form 4 filing?

After the tax-withholding transaction, Jørgen Vig Knudstorp directly holds 53,006.050 Starbucks common shares. This figure includes 264.435 deferred stock units, which represent dividends on deferred stock units that were credited under a dividend reinvestment plan described in the filing footnote.

What does the tax-withholding disposition code "F" mean in the Starbucks (SBUX) Form 4?

Code "F" denotes payment of exercise price or tax liability by delivering securities. In this Starbucks filing, 354.864 shares were withheld by the issuer to cover tax obligations when restricted stock units vested, making it a mechanical tax event rather than a market trade.

How does the Starbucks (SBUX) Form 4 describe Knudstorp’s deferred stock units?

The filing states that his holdings include 264.435 deferred stock units. These represent dividends on existing deferred stock units that were added through a dividend reinvestment plan, increasing his overall deferred interest without involving an open-market purchase of additional Starbucks shares.