Form 4: Starbucks Director Knudstorp Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Director Jorgen Vig Knudstorp disposed of 539.332 shares of Starbucks common stock on March 17, 2025, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 17, 2025, Jorgen Vig Knudstorp, a director of Starbucks Corp, disposed of 539.332 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The price per share was $99.08.
- Following the transaction, Knudstorp directly owns 41,121.73 shares of Starbucks common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This filing is a routine disclosure of insider transactions. It is common for company directors to sell shares to cover tax obligations related to stock awards.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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