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

Signature
/s/ Jodie H. Crist, Attorney-in-fact
Stock symbol
BBY
Transactions as of
Feb 28, 2024
Transactions value $
-$66,953,355
Form type
4
Date filed
3/1/2024, 04:27 PM
Previous filing
Dec 22, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBY Common Stock Sale -$248K -3.09K -0.59% $80.06 521K Feb 28, 2024 Family Foundation F1
transaction BBY Common Stock Sale -$402K -4.71K -0.9% $85.44 517K Feb 29, 2024 Family Foundation F2
transaction BBY Common Stock Sale -$1.23M -15.1K -2.93% $81.59 502K Feb 29, 2024 Family Foundation F3
transaction BBY Common Stock Sale -$1.74M -21.1K -4.21% $82.62 480K Feb 29, 2024 Family Foundation F4
transaction BBY Common Stock Sale -$2.18M -25.8K -5.37% $84.65 455K Feb 29, 2024 Family Foundation F5
transaction BBY Common Stock Sale -$3.1M -37K -8.14% $83.70 418K Feb 29, 2024 Family Foundation F6
transaction BBY Common Stock Sale -$6.17M -76.4K -18.29% $80.81 341K Feb 29, 2024 Family Foundation F7
transaction BBY Common Stock Sale -$223K -2.78K -0.3% $80.06 917K Feb 28, 2024 Sole general partner of limited partnership B F1
transaction BBY Common Stock Sale -$362K -4.23K -0.46% $85.44 913K Feb 29, 2024 Sole general partner of limited partnership B F2
transaction BBY Common Stock Sale -$1.11M -13.6K -1.49% $81.59 899K Feb 29, 2024 Sole general partner of limited partnership B F3
transaction BBY Common Stock Sale -$1.57M -19K -2.11% $82.62 880K Feb 29, 2024 Sole general partner of limited partnership B F4
transaction BBY Common Stock Sale -$1.97M -23.2K -2.64% $84.65 857K Feb 29, 2024 Sole general partner of limited partnership B F5
transaction BBY Common Stock Sale -$2.79M -33.3K -3.88% $83.70 824K Feb 29, 2024 Sole general partner of limited partnership B F6
transaction BBY Common Stock Sale -$5.55M -68.7K -8.34% $80.81 755K Feb 29, 2024 Sole general partner of limited partnership B F7
transaction BBY Common Stock Sale -$629K -7.86K -0.04% $80.06 19.2M Feb 28, 2024 Trustee for Revocable Trust F1
transaction BBY Common Stock Sale -$1.02M -12K -0.06% $85.44 19.2M Feb 29, 2024 Trustee for Revocable Trust F2
transaction BBY Common Stock Sale -$3.13M -38.4K -0.2% $81.59 19.2M Feb 29, 2024 Trustee for Revocable Trust F3
transaction BBY Common Stock Sale -$4.43M -53.6K -0.28% $82.62 19.1M Feb 29, 2024 Trustee for Revocable Trust F4
transaction BBY Common Stock Sale -$5.55M -65.5K -0.34% $84.65 19.1M Feb 29, 2024 Trustee for Revocable Trust F5
transaction BBY Common Stock Sale -$7.86M -94K -0.49% $83.70 19M Feb 29, 2024 Trustee for Revocable Trust F6
transaction BBY Common Stock Sale -$15.7M -194K -1.02% $80.81 18.8M Feb 29, 2024 Trustee for Revocable Trust F7
holding BBY Common Stock 69.9K Feb 28, 2024 401(k) F8
holding BBY Common Stock 2.06K Feb 28, 2024 IRA
holding BBY Common Stock 31.7K Feb 28, 2024 Sole member of LLC which is sole general partner of limited partnership A
holding BBY Common Stock 1.15M Feb 28, 2024 Spousal GRAT
holding BBY Common Stock 173K Feb 28, 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.