Richard M. Schulze - Mar 7, 2024 Form 4 Insider Report for BEST BUY CO INC (BBY)

Role
Chairman Emeritus
Signature
/s/ Jodie H. Crist, Attorney-in-fact
Stock symbol
BBY
Transactions as of
Mar 7, 2024
Transactions value $
-$19,359,846
Form type
4
Date filed
3/11/2024, 04:37 PM
Previous filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BBY Common Stock -Sell -$4,360,319 -54,456 -16.12% $80.07 283,298 Mar 8, 2024 Family Foundation F1, F2
transaction BBY Common Stock -Sell -$3,924,255 -49,010 -6.52% $80.07 702,903 Mar 8, 2024 Sole general partner of limited partnership B F1, F2
transaction BBY Common Stock -Gift $0 -13,280 -0.07% $0.00 18,753,974 Mar 7, 2024 Trustee for Revocable Trust
transaction BBY Common Stock -Sell -$11,075,271 -138,319 -0.74% $80.07 18,615,655 Mar 8, 2024 Trustee for Revocable Trust F1, F2
holding BBY Common Stock 69,850 Mar 7, 2024 401(k)
holding BBY Common Stock 2,061 Mar 7, 2024 IRA
holding BBY Common Stock 31,672 Mar 7, 2024 Sole member of LLC which is sole general partner of limited partnership A
holding BBY Common Stock 1,153,938 Mar 7, 2024 Spousal GRAT
holding BBY Common Stock 172,831 Mar 7, 2024 Spouse Irrevocable Trust

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 October 6, 2023.
F2 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 $80.35, 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.