Starbucks EVP sells 2,000 shares in planned trade

STARBUCKS CORP executive Sara Kelly, evp and chief partner officer, sold 2,000 shares of Starbucks common stock in an open-market transaction at $105.00 per share on April 29, 2026.

Rhea-AI Filing Summary

STARBUCKS CORP executive Sara Kelly, evp and chief partner officer, sold 2,000 shares of Starbucks common stock in an open-market transaction at $105.00 per share on April 29, 2026. After this sale, she directly holds 57,652.8408 shares of Starbucks stock.

The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan adopted by Kelly on December 3, 2025, indicating the sale was scheduled in advance rather than timed discretionarily. Her holdings also include 44.286 shares purchased on March 31, 2026 through the Starbucks Employee Stock Purchase Plan.

Insights

Equity analyst

Routine 10b5-1 sale of 2,000 Starbucks shares by an EVP.

Executive vice president and chief partner officer Sara Kelly sold 2,000 shares of Starbucks common stock at $105.00 per share in an open-market transaction. Following the sale, she continues to hold 57,652.8408 shares directly, indicating most of her position remains intact.

The filing states the sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025. Such plans are designed to schedule trades in advance, reducing the significance of trade timing as a signal. The filing also notes 44.286 shares acquired via the Employee Stock Purchase Plan on March 31, 2026, showing ongoing participation in company equity programs.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares

Net Sell 1 txn

Insider KELLY SARA

Role evp, chief partner officer

Sold 2,000 shs ($210K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$105.00	$210K

Holdings After Transaction: Common Stock — 57,652.8408 shares (Direct)

Footnotes (2)

1. F1. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2025.
2. F2. Includes 44.286 shares purchased on March 31, 2026, pursuant to the Starbucks Employee Stock Purchase Plan.

Key Figures

Shares sold: 2,000 shares Sale price: $105.00 per share Shares held after sale: 57,652.8408 shares +2 more

5 metrics

Shares sold 2,000 shares Open-market sale on April 29, 2026

Sale price $105.00 per share Price for Starbucks common stock in reported sale

Shares held after sale 57,652.8408 shares Direct Starbucks holdings following transaction

ESPP shares included 44.286 shares Purchased March 31, 2026 via Employee Stock Purchase Plan

10b5-1 plan adoption date December 3, 2025 Date Sara Kelly adopted Rule 10b5-1 trading plan

Key Terms

Rule 10b5-1 trading plan, open-market sale, Employee Stock Purchase Plan, reporting person

4 terms

Rule 10b5-1 trading plan regulatory

"The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Employee Stock Purchase Plan financial

"purchased on March 31, 2026, pursuant to the Starbucks Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

reporting person regulatory

"adopted by the reporting person on December 3, 2025"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Starbucks reported that executive vice president and chief partner officer Sara Kelly sold 2,000 shares of common stock at $105.00 per share. This open-market sale was disclosed in a Form 4 insider trading report filed with regulators.

Was the Starbucks (SBUX) insider sale by Sara Kelly part of a 10b5-1 plan?

Yes. The filing states the 2,000-share sale by Sara Kelly was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025. Such plans schedule trades in advance to reduce discretion over timing.

How many Starbucks (SBUX) shares does Sara Kelly hold after the reported sale?

After selling 2,000 shares, Sara Kelly directly holds 57,652.8408 Starbucks shares. The filing also notes that this total includes 44.286 shares purchased on March 31, 2026 through the Starbucks Employee Stock Purchase Plan.

What price did Sara Kelly receive for the Starbucks (SBUX) shares she sold?

The Form 4 shows that Sara Kelly sold 2,000 shares of Starbucks common stock at an average price of $105.00 per share. This sale was categorized as an open-market transaction under SEC reporting rules.

What role does Sara Kelly hold at Starbucks (SBUX) according to the Form 4?

According to the Form 4, Sara Kelly is an officer of Starbucks serving as executive vice president and chief partner officer. Her position makes her a reporting person required to disclose transactions in Starbucks common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/30/2026 - 06:36 PM EDT Learn about SEC filing dates

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).

X

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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	evp, chief partner officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

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	04/29/2026		S		2,000(1)	D	$105	57,652.8408(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. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2025.

2. Includes 44.286 shares purchased on March 31, 2026, pursuant to the Starbucks Employee Stock Purchase Plan.

	/s/ Jonathan Miner, attorney-in-fact for Sara Kelly	04/30/2026
	** 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)