BEST BUY CO INC 4

Chairman Emeritus Richard M. Schulze, via his revocable trust, sold 899,000 shares of Best Buy (BBY) common stock in open-market transactions on July 13–14, 2026 under a Rule 10b5‑1 trading plan.

On July 13–14, 2026, Best Buy Co., Inc. Chairman Emeritus Richard M. Schulze, through a revocable trust for which he serves as trustee, executed a series of Rule 10b5‑1 plan sales of Best Buy common stock totaling 899,000 shares at weighted-average prices between approximately $80.88 and $83.63 per share, generating an estimated $73–75 million in gross proceeds. These were open-market disposition transactions coded as "S" and reported as indirect holdings, reducing the revocable trust’s position from about 10.42 million to 9.53 million shares, while Schulze continues to hold additional indirect interests through a 401(k), IRA, a limited partnership, a spousal GRAT, and spousal trusts. Using the reported sale prices and current stock price context, his remaining 9.53 million shares in the revocable trust alone are worth roughly $800–810 million, and his aggregate economic exposure across all reported indirect holdings exceeds $900 million, indicating that despite the sizable programmed liquidation, he remains a very large, long-term shareholder.

Filing Facts

CIK

764478

Ticker

BBY

Form

4

Source Type

sec

Accession

0001225208-26-006612

Alert Tier

7