BEST BUY CO INC 13D

Richard M. Schulze and related entities filed a non‑activist 13D amendment showing a modest reduction to a 6.1% stake in Best Buy, with recent open‑market sales and a pre‑arranged trading plan adopted for diversification and estate planning purposes.

On June 2, 2026, founder Richard M. Schulze and related entities filed Amendment No. 15 to their Schedule 13D on Best Buy Co., Inc., disclosing beneficial ownership of 12,859,275 shares, or approximately 6.1% of the company, and reporting recent open‑market sales on May 29, 2026 along with the adoption of a pre‑arranged trading plan intended for personal asset diversification, liquidity, and estate planning rather than activism. The filing notes that Mr. Schulze has sole voting and dispositive power over 12,156,372 shares and shared power over 702,903 shares through Olympus Investments Limited Partnership B, and that the Richard M. Schulze Family Foundation now holds zero reportable shares. The May 29, 2026 sales, effected in multiple tranches between roughly $75.09 and $77.69 per share, reflect a modest reduction in Schulze’s position under a Rule 10b5‑1 style plan that will remain in effect until its expected expiration in June 2027, and there is no indication of plans to influence management, seek board representation, or pursue strategic or capital structure changes at Best Buy. Overall, the amendment primarily updates ownership percentages, recent transactions, and the existence of the May 2026 Plan, characterizing Schulze’s sales as part of a long‑term diversification and estate planning strategy while he remains a significant but slightly reduced long‑term holder.

Filing Facts

CIK

764478

Ticker

BBY

Form

13D

Source Type

sec

Accession

0000947871-26-000598

Alert Tier

7