[Form 4] STARBUCKS CORP Insider Trading Activity

Rhea-AI Filing Summary

Starbucks (SBUX) executive Cathy R. Smith, evp and cfo, reported an equity award on a Form 4. On 11/11/2025, she acquired 20,829 shares of common stock via restricted stock units at a price of $0. Following this grant, she beneficially owned 67,027 shares.

The RSU grant vests in one increment of 5,208 shares on 11/11/2026, and three increments of 5,207 shares each on 11/11/2027, 11/11/2028, and 11/11/2029. The ownership figure includes 648 shares representing dividend equivalents on unvested time-based RSUs.

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^*

Smith Cathy 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	evp, cfo

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

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	11/11/2025		A		20,829(1)	A	$0	67,027(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. Restricted stock units granted on November 11, 2025 and vests in one increment of 5,208 shares on November 11, 2026, and three increments of 5,207 shares each on November 11, 2027, November 11, 2028, and November 11, 2029.

2. Includes 648 shares representing dividend equivalents on unvested time-based RSUs.

	/s/ Jonathan Miner, attorney-in-fact for Cathy R. Smith	11/13/2025
	** 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 this Form 4?

Cathy R. Smith reported an award of 20,829 RSUs on 11/11/2025 at a price of $0.

What is Cathy R. Smith’s role at Starbucks (SBUX)?

She is the company’s evp, cfo.

How many Starbucks shares does the reporting person beneficially own after this grant?

She beneficially owned 67,027 shares after the reported transaction.

What is the vesting schedule for the 20,829 RSUs?

Vesting occurs as 5,208 shares on 11/11/2026 and 5,207 shares on 11/11/2027, 11/11/2028, and 11/11/2029.

Does the ownership figure include dividend equivalents?

Yes, it includes 648 shares representing dividend equivalents on unvested time-based RSUs.

Was this an open-market purchase or a grant?

It was an RSU grant recorded at a price of $0, not an open-market purchase.