Richard M. Schulze - Jun 27, 2023 Form 4 Insider Report for BEST BUY CO INC (BBY)

Role
Chairman Emeritus, 10%+ Owner
Signature
/s/ Jodie H. Crist, Attorney-in-fact
Stock symbol
BBY
Transactions as of
Jun 27, 2023
Transactions value $
-$20,725,355
Form type
4
Date filed
6/29/2023, 04:35 PM
Previous filing
May 4, 2023
Next filing
Jul 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBY Common Stock Sale -$16.6M -200K -33.89% $82.88 390K Jun 27, 2023 Family Foundation F1
transaction BBY Common Stock Sale -$4.15M -50K -0.25% $82.98 20.2M Jun 27, 2023 Trustee for Revocable Trust F2
holding BBY Common Stock 72.3K Jun 27, 2023 401(k) F3
holding BBY Common Stock 2.06K Jun 27, 2023 IRA
holding BBY Common Stock 950K Jun 27, 2023 Sole general partner of limited partnership B
holding BBY Common Stock 31.7K Jun 27, 2023 Sole member of LLC which is sole general partner of limited partnership A
holding BBY Common Stock 1.15M Jun 27, 2023 Spousal GRAT
holding BBY Common Stock 173K Jun 27, 2023 Spouse Irrevocable Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.58 to $83.14, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.91 to $83.07, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 This number reflects a periodic adjustment of shares under the employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of June 27, 2023.