Sara Kelly - Nov 29, 2024 Form 4 Insider Report for STARBUCKS CORP (SBUX)

Signature
/s/ Stephanie A. Tso, attorney-in-fact for Sara Kelly
Stock symbol
SBUX
Transactions as of
Nov 29, 2024
Transactions value $
-$1,263,243
Form type
4
Date filed
12/3/2024, 07:13 PM
Previous filing
Nov 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBUX Common Stock Options Exercise $295K +4.86K +9.09% $60.68 58.3K Nov 29, 2024 Direct F1
transaction SBUX Common Stock Options Exercise $378K +6.74K +11.56% $56.10 65.1K Nov 29, 2024 Direct F1
transaction SBUX Common Stock Sale -$1.94M -19.1K -29.29% $101.37 46.1K Nov 29, 2024 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SBUX Non-qualified Stock Option (Right to Buy) Options Exercise $0 -4.86K -100% $0.00 0 Nov 29, 2024 Common Stock 4.86K $60.68 Direct F4
transaction SBUX Non-qualified Stock Option (Right to Buy) Options Exercise $0 -6.74K -100% $0.00 0 Nov 29, 2024 Common Stock 6.74K $56.10 Direct F5
* 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 The option exercise reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 28, 2024.
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 28, 2024.
F3 Includes 150.704 shares representing dividend equivalents received on unvested time-based restricted stock units.
F4 The option, representing the right to buy a total of 4,859 shares, became exercisable in three increments of 1,215 shares each on November 16, 2016, November 16, 2017 and November 16, 2018, and one increment of 1,214 shares on November 16, 2019.
F5 The option, representing the right to buy a total of 6,743 shares, became exercisable in three increments of 1,686 shares each on November 21, 2017, November 21, 2018 and November 21, 2019 and one increment of 1,685 shares on November 21, 2020.