[Form 4] STARBUCKS CORP Insider Trading Activity

Rhea-AI Filing Summary

Starbucks Corporation (SBUX) executive vice president and chief legal officer Bradley E. Lerman reported an automatic share withholding transaction related to equity compensation. On 11/14/2025, Starbucks withheld 864.074 shares of common stock at a price of $84.78 per share to satisfy tax withholding obligations upon the vesting of restricted stock units, which is described as not being an open market transaction. Following this withholding, Lerman beneficially owned 42,675.7235 shares of Starbucks common stock in direct ownership.

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

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X

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^*

Lerman Bradley E

(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 legal 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		864.074(1)	D	$84.78	42,675.7235	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 Bradley E. Lerman	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.

FAQ

What insider transaction did Starbucks (SBUX) report for Bradley E. Lerman?

Starbucks reported that executive vice president and chief legal officer Bradley E. Lerman had 864.074 shares of common stock withheld on 11/14/2025 to cover tax obligations upon vesting of restricted stock units.

Was the Starbucks (SBUX) Form 4 transaction an open market sale?

No. The filing states that the 864.074 shares were withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units and that it was not an open market transaction.

How many Starbucks (SBUX) shares does Bradley E. Lerman own after the reported transaction?

After the withholding transaction, Bradley E. Lerman beneficially owned 42,675.7235 shares of Starbucks common stock in direct ownership.

What was the price used for the Starbucks (SBUX) tax withholding shares?

The shares withheld to cover tax obligations were priced at $84.78 per share, according to the reported transaction details.

What is Bradley E. Lerman’s role at Starbucks (SBUX) in this Form 4?

Bradley E. Lerman is identified as an officer of Starbucks, serving as executive vice president and chief legal officer, and he is the reporting person on this Form 4.