[Form 4] Starbucks Corp Insider Trading Activity

Rhea-AI Filing Summary

Starbucks Corp. (SBUX) – Form 4 insider filing

EVP & Chief Partner Officer Sara Kelly disclosed a single Form 4 transaction dated 16 June 2025. The filing shows 308.271 common shares (transaction code F) withheld by Starbucks at a price of $93.48 to cover tax obligations arising from the vesting of restricted stock units. No open-market buy or sell occurred. Following the withholding, Kelly’s direct beneficial ownership stands at 46,277.6707 shares. No derivative securities were exercised or disposed of, and there were no additional acquisitions or sales reported.

The transaction is administrative in nature and does not represent a discretionary sale. The executive continues to hold a substantial equity stake, and the filing does not indicate any change in strategic outlook or corporate fundamentals.

Insights

Financial Analyst

TL;DR: Routine tax-withholding entry; no market signal.

This Form 4 shows only RSU tax withholding (code F) for 308 shares, worth roughly $28.8 k, leaving the EVP with ≈46 k shares. Because it is not an open-market transaction, it carries minimal informational value for investors. Ownership levels remain essentially unchanged, and no derivatives were involved. Therefore, the filing is operationally neutral and unlikely to affect SBUX valuation or liquidity.

Corporate Governance Specialist

TL;DR: Compliance filing; maintains transparency, impact negligible.

The executive complied with Section 16 reporting within two business days, signaling strong governance practices. The shares were surrendered solely for taxes, not discretionary selling, so no red flag regarding insider sentiment arises. Overall, the disclosure is non-impactful for shareholders.

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)
06/16/2025

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	06/16/2025		F		308.271(1)	D	$93.48	46,277.6707(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 34.6069 shares purchased on December 31, 2024 and 37.5593 shares purchased on March 31, 2025, pursuant to the Starbucks Employee Stock Purchase Plan, and 399 shares representing dividend equivalents received on unvested time-based restricted stock units.

	/s/ Jonathan Miner, attorney-in-fact for Sara Kelly	06/18/2025
	** 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.

FAQ

What did Starbucks (SBUX) disclose in the latest Form 4?

EVP Sara Kelly reported 308.271 shares withheld on 16 Jun 2025 to satisfy RSU tax obligations; no open-market transaction occurred.

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

After the withholding, Kelly directly owns 46,277.6707 Starbucks common shares.

Was the Form 4 transaction a sale of Starbucks stock?

No. Code F indicates shares were withheld by the company for taxes, not sold on the open market.

Did the filing include any derivative security activity?

No derivative securities were acquired, disposed of, or outstanding changes reported in this Form 4.

Does this Form 4 signal insider sentiment about SBUX?

The filing is administrative; it neither reflects bullish nor bearish sentiment as it was not a discretionary trade.