Form 4: Richard Schulze, Best Buy Chairman Emeritus, Reports Changes in Beneficial Ownership

Richard Schulze, Chairman Emeritus of Best Buy, filed a Form 4 detailing changes in his beneficial ownership of the company's stock due to gift transactions and adjustments in various accounts.

Summary

• Richard M. Schulze, Chairman Emeritus of Best Buy Co. Inc., reported changes in his beneficial ownership of the company's stock on March 27, 2025.
• The transactions involved gifts of common stock and adjustments in holdings across various accounts, including spousal holdings, revocable trusts, 401(k), family foundation, IRA, limited partnership, and spousal GRAT and irrevocable trust.
• Specifically, 759 shares were acquired via gift, while 506 and 16,449 shares were disposed of via gift.
• The filing also reflects indirect ownership through various entities, including 69,386.0341 shares held as trustee for a revocable trust, 396,100 shares in a 401(k), 2,061 shares in a family foundation, 702,903 shares in an IRA, 1,153,938 shares as sole general partner of a limited partnership, 172,831 shares in a spousal GRAT, and shares in a spouse's irrevocable trust.
• The total shares beneficially owned following the reported transactions include both direct and indirect holdings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in Richard Schulze's holdings, which may be of interest to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a key company insider.

Key Dates

Keywords

Beneficial Ownership, Form 4, Richard Schulze, Best Buy, BBY, Chairman Emeritus, Stock, Securities, Gifts, Indirect Ownership, Transactions