Richard M. Schulze - 28 Feb 2024 Form 4 Insider Report for BEST BUY CO INC (BBY)

Signature
/s/ Jodie H. Crist, Attorney-in-fact
Issuer symbol
BBY
Transactions as of
28 Feb 2024
Net transactions value
-$66,953,355
Form type
4
Filing time
01 Mar 2024, 16:27:24 UTC
Previous filing
22 Dec 2023
Next filing
05 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBY Common Stock Sale $247,615 -3,093 -0.59% $80.06 521,355 28 Feb 2024 Family Foundation F1
transaction BBY Common Stock Sale $402,240 -4,708 -0.9% $85.44 516,647 29 Feb 2024 Family Foundation F2
transaction BBY Common Stock Sale $1,233,707 -15,120 -2.9% $81.59 501,527 29 Feb 2024 Family Foundation F3
transaction BBY Common Stock Sale $1,744,536 -21,114 -4.2% $82.62 480,413 29 Feb 2024 Family Foundation F4
transaction BBY Common Stock Sale $2,183,193 -25,791 -5.4% $84.65 454,622 29 Feb 2024 Family Foundation F5
transaction BBY Common Stock Sale $3,096,300 -36,995 -8.1% $83.70 417,627 29 Feb 2024 Family Foundation F6
transaction BBY Common Stock Sale $6,172,015 -76,378 -18% $80.81 341,249 29 Feb 2024 Family Foundation F7
transaction BBY Common Stock Sale $222,878 -2,784 -0.3% $80.06 917,155 28 Feb 2024 Sole general partner of limited partnership B F1
transaction BBY Common Stock Sale $361,744 -4,234 -0.46% $85.44 912,921 29 Feb 2024 Sole general partner of limited partnership B F2
transaction BBY Common Stock Sale $1,110,256 -13,607 -1.5% $81.59 899,314 29 Feb 2024 Sole general partner of limited partnership B F3
transaction BBY Common Stock Sale $1,569,783 -18,999 -2.1% $82.62 880,315 29 Feb 2024 Sole general partner of limited partnership B F4
transaction BBY Common Stock Sale $1,965,307 -23,217 -2.6% $84.65 857,098 29 Feb 2024 Sole general partner of limited partnership B F5
transaction BBY Common Stock Sale $2,786,709 -33,296 -3.9% $83.70 823,802 29 Feb 2024 Sole general partner of limited partnership B F6
transaction BBY Common Stock Sale $5,554,965 -68,742 -8.3% $80.81 755,060 29 Feb 2024 Sole general partner of limited partnership B F7
transaction BBY Common Stock Sale $628,845 -7,855 -0.04% $80.06 19,233,603 28 Feb 2024 Trustee for Revocable Trust F1
transaction BBY Common Stock Sale $1,021,748 -11,959 -0.06% $85.44 19,221,644 29 Feb 2024 Trustee for Revocable Trust F2
transaction BBY Common Stock Sale $3,133,225 -38,400 -0.2% $81.59 19,183,244 29 Feb 2024 Trustee for Revocable Trust F3
transaction BBY Common Stock Sale $4,431,488 -53,634 -0.28% $82.62 19,129,610 29 Feb 2024 Trustee for Revocable Trust F4
transaction BBY Common Stock Sale $5,545,805 -65,515 -0.34% $84.65 19,064,095 29 Feb 2024 Trustee for Revocable Trust F5
transaction BBY Common Stock Sale $7,863,908 -93,959 -0.49% $83.70 18,970,136 29 Feb 2024 Trustee for Revocable Trust F6
transaction BBY Common Stock Sale $15,677,088 -194,002 -1% $80.81 18,776,134 29 Feb 2024 Trustee for Revocable Trust F7
holding BBY Common Stock 69,850 28 Feb 2024 401(k) F8
holding BBY Common Stock 2,061 28 Feb 2024 IRA
holding BBY Common Stock 31,672 28 Feb 2024 Sole member of LLC which is sole general partner of limited partnership A
holding BBY Common Stock 1,153,938 28 Feb 2024 Spousal GRAT
holding BBY Common Stock 172,831 28 Feb 2024 Spouse Irrevocable Trust
* 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.31, 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 $85.18 to $85.99, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.18 to $82.17, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.18 to $83.175, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.18 to $85.17, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.18 to $84.17, 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.18 to $81.17, 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.
F8 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 February 28, 2024.

Remarks:

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on October 6, 2023.