Richard M. Schulze - Jul 18, 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 18, 2024
Transactions value $
-$141,427,673
Form type
4
Date filed
7/22/2024, 06:02 PM
Previous filing
Jun 6, 2024
Next filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBY Common Stock Sale -$13.7M -153K -0.98% $89.58 15.5M Jul 18, 2024 Trustee for Revocable Trust F1
transaction BBY Common Stock Sale -$47.5M -539K -3.49% $88.15 14.9M Jul 18, 2024 Trustee for Revocable Trust F2
transaction BBY Common Stock Sale -$1.79M -20.1K -0.14% $89.00 14.9M Jul 19, 2024 Trustee for Revocable Trust F3
transaction BBY Common Stock Sale -$25.5M -289K -1.94% $88.40 14.6M Jul 19, 2024 Trustee for Revocable Trust F4
transaction BBY Common Stock Sale -$3.17M -35.6K -0.24% $89.01 14.6M Jul 22, 2024 Trustee for Revocable Trust F5, F6
transaction BBY Common Stock Sale -$9.36M -107K -0.74% $87.31 14.5M Jul 22, 2024 Trustee for Revocable Trust F5, F7
transaction BBY Common Stock Sale -$40.4M -457K -3.16% $88.46 14M Jul 22, 2024 Trustee for Revocable Trust F5, F8
holding BBY Common Stock 71.4K Jul 18, 2024 401(k) F9
holding BBY Common Stock 296K Jul 18, 2024 Family Foundation
holding BBY Common Stock 2.06K Jul 18, 2024 IRA
holding BBY Common Stock 703K Jul 18, 2024 Sole general partner of limited partnership B
holding BBY Common Stock 31.7K Jul 18, 2024 Sole member of LLC which is sole general partner of limited partnership A
holding BBY Common Stock 1.15M Jul 18, 2024 Spousal GRAT
holding BBY Common Stock 173K Jul 18, 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 $89.00 to $89.995, 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 $88.00 to $88.825, 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 $89.00 to $89.015, 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 $88.00 to $88.94, 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 sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 3, 2024.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.00 to $89.23, 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 $87.00 to $87.995, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.00 to $88.96, 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.
F9 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 17, 2024.