SBUX insider Sara Kelly has RSU tax shares withheld on Form 4

Rhea-AI Filing Summary

Starbucks (SBUX) executive Sara Kelly, executive vice president and chief partner officer, reported an automatic share withholding to cover taxes on a stock award. On 11/14/2025, the company withheld 602.906 shares of common stock at a price of $84.78 per share in connection with the vesting of restricted stock units. This was recorded under transaction code F, which indicates tax withholding and not an open market sale. After this transaction, Kelly beneficially owned 64,620.1013 Starbucks shares, all held directly.

Insider Trade Summary

Net Seller: 602.906 shares

Net Sell 1 txn

Insider KELLY SARA

Role evp, chief partner officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	602.906	$84.78	$51K

Holdings After Transaction: Common Stock — 64,620.1013 shares (Direct)

Footnotes (1)

1. F1. Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units; not an open market transaction.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/18/2025 - 06:34 PM Learn about SEC filing dates

FAQ

What insider transaction did Starbucks (SBUX) report for Sara Kelly?

The filing reports that Sara Kelly, Starbucks' executive vice president and chief partner officer, had 602.906 shares of common stock withheld on 11/14/2025 to satisfy tax obligations upon vesting of restricted stock units.

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

No. The explanation states that the 602.906 shares were withheld by the issuer to satisfy tax withholding obligations upon RSU vesting and were not an open market transaction.

At what price were the Starbucks (SBUX) shares withheld for taxes?

The shares withheld from Sara Kelly to cover tax withholding obligations were valued at a price of $84.78 per share.

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

Following the reported tax withholding transaction, Sara Kelly beneficially owned 64,620.1013 shares of Starbucks common stock, held directly.

What does transaction code F mean in the Starbucks (SBUX) Form 4 filing?

In this Form 4, transaction code F indicates shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

What role does the reporting person hold at Starbucks (SBUX)?

The reporting person, Sara Kelly, is identified as an officer of Starbucks, serving as executive vice president and chief partner officer.

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)
11/14/2025

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	11/14/2025		F		602.906(1)	D	$84.78	64,620.1013	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.

	/s/ Jonathan Miner, attorney-in-fact for Sara Kelly	11/18/2025
	** 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.