Rachel Ruggeri - Nov 14, 2023 Form 4 Insider Report for STARBUCKS CORP (SBUX)

Role
evp, cfo
Signature
/s/ Stephanie A. Tso, attorney-in-fact for Rachel Ruggeri
Stock symbol
SBUX
Transactions as of
Nov 14, 2023
Transactions value $
-$53,253
Form type
4
Date filed
11/16/2023, 06:20 PM
Previous filing
Nov 15, 2023
Next filing
Nov 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBUX Common Stock Award $0 +18.9K +33.47% $0.00 75.5K Nov 14, 2023 Direct F1
transaction SBUX Common Stock Sale -$53.3K -504 -0.67% $105.66 75K Nov 15, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Restricted Stock Units granted on November 14, 2023, and vest in three increments of 4,735 shares each on November 14, 2024, November 14, 2025, and November 14, 2026, and one increment of 4,734 shares on November 14, 2027.
F2 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 8, 2022.