Jason J. Bonfig - Jul 8, 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
Jul 8, 2024
Transactions value $
-$290,570
Form type
4
Date filed
7/10/2024, 04:58 PM
Previous filing
Apr 19, 2024
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBY Common Stock Sale -$291K -3.5K -6.46% $83.02 50.7K Jul 8, 2024 Direct F1
holding BBY Common Stock 3.74K Jul 8, 2024 401(k) 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 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on December 6, 2023.
F2 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 July 8, 2024.