Matthew M. Bilunas - Dec 11, 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
Dec 11, 2024
Transactions value $
-$6,048,925
Form type
4
Date filed
12/13/2024, 05:04 PM
Previous filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBY Common Stock Options Exercise $3.39M +49.1K +53.27% $69.11 141K Dec 11, 2024 Direct F1
transaction BBY Common Stock Options Exercise $1.04M +20.1K +14.25% $51.65 161K Dec 11, 2024 Direct
transaction BBY Common Stock Sale -$352K -4K -2.48% $87.91 157K Dec 11, 2024 Direct F2
transaction BBY Common Stock Sale -$5.7M -65.2K -41.45% $87.43 92.1K Dec 11, 2024 Direct 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 -$1.04M -20.1K -100% $51.65 0 Dec 11, 2024 Common Stock 20.1K $51.65 Direct
transaction BBY Stock Option (Right to Buy) Options Exercise -$3.39M -49.1K -100% $69.11 0 Dec 11, 2024 Common Stock 49.1K $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 This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.86 to $88.18, 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 $86.86 to $87.85, 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.

Remarks:

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on September 12, 2024.