Sara Kelly - Nov 20, 2023 Form 4 Insider Report for STARBUCKS CORP (SBUX)

Signature
/s/ Stephanie Tso, attorney-in-fact for Sara Kelly
Stock symbol
SBUX
Transactions as of
Nov 20, 2023
Transactions value $
-$132,603
Form type
4
Date filed
11/22/2023, 05:03 PM
Previous filing
Nov 16, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBUX Common Stock Tax liability -$106K -1.02K -2.09% $104.30 47.8K Nov 20, 2023 Direct F1
transaction SBUX Common Stock Sale -$26.1K -250 -0.52% $104.45 47.5K Nov 21, 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 Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units; not an open market transaction.
F2 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 5, 2023.