[Form 4] STARBUCKS CORP Insider Trading Activity

Rhea-AI Filing Summary

Starbucks Corporation (SBUX) Chairman and CEO Brian R. Niccol reported an automatic share withholding related to equity compensation. On 11/19/2025, the company withheld 11,821.856 shares of common stock, coded "F" to indicate shares were retained by the issuer to cover tax withholding obligations upon the vesting of restricted stock units, rather than sold in the open market. The transaction price was $83.68 per share.

After this tax-withholding event, Niccol reported beneficial ownership of 474,470.238 shares of Starbucks common stock held directly. No derivative securities transactions were reported in this filing.

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

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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^*

Niccol Brian R

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	chairman and ceo

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

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	11/19/2025		F		11,821.856(1)	D	$83.68	474,470.238	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 Brian R. Niccol	11/20/2025
	** 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 Brian R. Niccol?

Starbucks reported that Brian R. Niccol, its chairman and CEO, had 11,821.856 shares of common stock withheld by the company to cover tax obligations upon vesting of restricted stock units.

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

No. The filing explains that the 11,821.856 shares were withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units and were not an open market transaction.

How many Starbucks (SBUX) shares does Brian R. Niccol own after this transaction?

Following the reported transaction, Brian R. Niccol beneficially owned 474,470.238 shares of Starbucks common stock, held directly.

What transaction code was used in the Starbucks (SBUX) Form 4 filing?

The transaction in Table I was reported with code "F", which indicates shares withheld by the issuer to pay tax withholding obligations related to equity awards.

What price per share was used for the tax withholding in the Starbucks (SBUX) Form 4?

The company used a price of $83.68 per share for the 11,821.856 shares withheld to cover tax obligations.

Does the Starbucks (SBUX) Form 4 report any derivative securities activity?

The section for derivative securities in Table II lists column headings but does not report any derivative securities acquired, disposed of, or beneficially owned for this transaction.