Jason J. Bonfig - 29 Aug 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
29 Aug 2024
Net transactions value
-$2,525,000
Form type
4
Filing time
03 Sep 2024, 16:23:32 UTC
Previous filing
10 Jul 2024
Next filing
21 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBY Common Stock Options Exercise $1,727,750 +25,000 +49% $69.11 75,949 29 Aug 2024 Direct F1, F2
transaction BBY Common Stock Sale $2,525,000 -25,000 -33% $101.00 50,949 29 Aug 2024 Direct F1
holding BBY Common Stock 3,731 29 Aug 2024 401(k) F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BBY Stock Option (Right to Buy) Options Exercise $1,727,750 -25,000 -51% $69.11 24,050 29 Aug 2024 Common Stock 25,000 $69.11 Direct
* 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 acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).
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 August 30, 2024.