Starbucks (SBUX) COO records RSU-related tax withholding transaction

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Form Type

Rhea-AI Filing Summary

Starbucks executive Michael David Grams reported a routine tax-related share disposition. On March 17, 2026, the EVP and chief operating officer had 988.989 shares of Common Stock withheld by Starbucks to cover tax obligations tied to vesting restricted stock units, at a reference price of $97.57 per share. This was not an open market transaction. After this withholding, Grams directly owns 28,149.011 shares of Starbucks common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GRAMS MICHAEL DAVID

Role evp, chief operating officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	988.989	$97.57	$96K

Holdings After Transaction: Common Stock — 28,149.011 shares (Direct)

Footnotes (1)

Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units; not an open market transaction. Includes 388 shares representing dividend equivalents received on unvested time-based restricted stock units.

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Form 4 Insider Transactions: What Each Field Means →

03/19/2026 - 06:49 PM

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^*

GRAMS MICHAEL DAVID

(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 operating officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/17/2026		F		988.989⁽¹⁾	D	$97.57	28,149.011⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

2. Includes 388 shares representing dividend equivalents received on unvested time-based restricted stock units.

	/s/ Michael Payant, attorney-in-fact for Michael David Grams	03/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Starbucks (SBUX) EVP Michael David Grams report?

Michael David Grams reported a tax-withholding disposition of 988.989 Starbucks common shares. The shares were withheld by Starbucks to satisfy tax obligations from vesting restricted stock units, rather than sold in the open market, and reflect routine compensation-related activity.

Was the Starbucks (SBUX) Michael David Grams transaction an open-market sale?

No, the transaction was not an open-market sale. Starbucks withheld 988.989 shares to satisfy tax withholding obligations upon vesting of restricted stock units, as described in the footnotes, making this a routine compensation-related tax event rather than a discretionary stock sale.

How many Starbucks (SBUX) shares were withheld for Michael David Grams’ taxes?

Starbucks withheld 988.989 common shares for Michael David Grams’ tax obligations. The shares were valued at a reference price of $97.57 per share and relate specifically to the vesting of restricted stock units granted as part of his equity compensation.

How many Starbucks (SBUX) shares does Michael David Grams hold after this filing?

Following the tax-withholding transaction, Michael David Grams directly owns 28,149.011 Starbucks common shares. This figure reflects his remaining direct equity position after the company withheld 988.989 shares to cover taxes from restricted stock unit vesting.

What does an F code mean in the Starbucks (SBUX) Form 4 for Michael David Grams?

The F transaction code indicates shares were used to pay an exercise price or tax liability. In this case, 988.989 Starbucks shares were withheld by the company to satisfy Michael David Grams’ tax obligations when restricted stock units vested, not sold on the market.