Brian Cornell (TGT) trust sells 50,000 Target shares at $121.76 average

Rhea-AI Filing Summary

Target Corporation executive Brian C. Cornell reported an open-market sale of 50,000 shares of Target common stock on March 10, 2026, executed indirectly through a trust. The shares were sold at a volume-weighted average price of $121.7605, with actual prices ranging from $121.3200 to $122.2500.

Following this sale, the trust held 196,453 Target shares. Separate from the trust, Cornell held 112,016 shares directly and 491.2567 shares through the Target Corporation 401(k) Plan based on the plan statement as of December 31, 2025. The filing shows a net reduction of 50,000 shares in his indirectly held position while maintaining a substantial overall stake in the company.

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

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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^*

Cornell Brian C

(Last) (First) (Middle)

1000 NICOLLET MALL

(Street)

MINNEAPOLIS MN 55403

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TARGET CORP [ TGT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		S		50,000	D	$121.7605(1)	196,453	I	By Trust
Common Stock								112,016(2)	D
Common Stock								491.2567(3)	I	By 401(k) Plan

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. Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $121.3200 to $122.2500. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

2. Includes dividend equivalents paid on performance-based restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional performance-based restricted stock units.

3. Shares held in the Target Corporation 401(k) Plan based on the plan statement as of December 31, 2025.

Remarks:

Exhibit 24 - Power of Attorney

	Miranda S. Hirner, Attorney-In-Fact	03/11/2026
	** 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.

FAQ

What did Brian C. Cornell report in this Target (TGT) Form 4 filing?

Brian C. Cornell reported an open-market sale of 50,000 Target common shares on March 10, 2026, executed indirectly through a trust at a volume-weighted average price of $121.7605 per share.

At what prices were Brian C. Cornell’s Target (TGT) shares sold?

The reported sale used a volume-weighted average price of $121.7605 per share. According to the footnote, individual sale prices for Target shares ranged from $121.3200 to $122.2500 during the March 10, 2026 trading window.

How many Target (TGT) shares does Brian C. Cornell hold after the reported sale?

After the sale, a trust associated with Brian C. Cornell held 196,453 Target shares. He also held 112,016 shares directly and 491.2567 shares through the Target Corporation 401(k) Plan, based on the plan statement as of December 31, 2025.

Was Brian C. Cornell’s Target (TGT) transaction an open-market sale?

Yes. The filing classifies the transaction as an open-market sale of Target common stock, with transaction code “S” and a description indicating a sale in the open market or a private transaction on March 10, 2026.

How many Target (TGT) shares did Brian C. Cornell sell in this transaction?

The Form 4 shows that 50,000 Target common shares were sold indirectly through a trust. This reduced the trust’s holdings, while Cornell’s direct and 401(k) plan holdings in Target stock remained disclosed separately in the same filing.

What does the Target (TGT) Form 4 say about Brian C. Cornell’s 401(k) holdings?

The filing notes that 491.2567 Target shares are held in the Target Corporation 401(k) Plan for Brian C. Cornell, based on the plan statement as of December 31, 2025, and these shares are reported as indirectly owned through the plan.