Neal Mohan (SBUX) receives 3,667 fully vested Starbucks stock units

Rhea-AI Filing Summary

Mohan Neal reported acquisition or exercise transactions in this Form 4 filing.

Starbucks Corporation director Neal Mohan received an equity award in the form of company stock. He was granted 3,667 shares of Common Stock on March 25, 2026 as restricted stock units that were fully vested at the time of grant.

These units are deferred until his termination of service as a director under Starbucks’ Deferred Compensation Plan for Non-Employee Directors. His direct holdings after the award total 11,187 shares of Starbucks stock, including 204 deferred stock units that represent reinvested dividends.

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
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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^*

Mohan Neal

(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	11,187(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 until termination of service as a director pursuant to the Deferred Compensation Plan for Non-Employee Directors.

2. Includes 204 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan.

	/s/ Michael Payant, attorney-in-fact for Neal Mohan	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 insider transaction did Starbucks (SBUX) director Neal Mohan report?

Neal Mohan reported an acquisition of Starbucks Common Stock through an equity grant. He received 3,667 restricted stock units that were fully vested at grant and deferred under the company’s director compensation plan, increasing his direct share ownership in Starbucks.

How many Starbucks (SBUX) shares does Neal Mohan hold after this Form 4 filing?

After the reported transaction, Neal Mohan holds 11,187 Starbucks shares directly. This total includes 3,667 newly granted restricted stock units and 204 deferred stock units that were accumulated from dividends under a dividend reinvestment arrangement for deferred stock units.

What type of equity award did Starbucks (SBUX) grant to Neal Mohan?

Starbucks granted Neal Mohan restricted stock units representing 3,667 shares of Common Stock. The units were fully vested on the March 25, 2026 grant date but are deferred until his service as a director ends, consistent with Starbucks’ Deferred Compensation Plan for Non-Employee Directors.

Are Neal Mohan’s new Starbucks (SBUX) shares a market purchase or a compensation grant?

The new Starbucks shares reflect a compensation grant, not a market purchase. The Form 4 lists the transaction code as “A” for a grant or award, with a price of $0.0000 per share, indicating an equity award provided as part of director compensation.

What do the 204 deferred stock units in Neal Mohan’s Starbucks (SBUX) holdings represent?

The 204 deferred stock units represent dividends on deferred stock units that were reinvested under a dividend reinvestment plan. These units are included in his total of 11,187 Starbucks shares following the equity grant reported in the Form 4 filing.