Form 4: Starbucks EVP Sells Shares for Tax Obligations

Starbucks EVP and Chief Partner Officer Sara Kelly disposed of shares to cover tax liabilities from restricted stock unit vesting.

Summary

• Sara Kelly, EVP, Chief Partner Officer of Starbucks Corp (SBUX), reported a transaction on November 14, 2025.
• The transaction involved the disposition of 602.906 shares of Common Stock.
• The shares were withheld by the issuer to satisfy tax withholding obligations upon the vesting of restricted stock units, not an open market sale.
• The deemed price for the disposition was $84.78 per share.
• Following this transaction, Sara Kelly beneficially owns 64,620.1013 shares of Starbucks Common Stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax withholding purposes upon RSU vesting, which is a neutral event for market sentiment.

Future Outlook

This filing is an insider transaction report and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction related to executive compensation and does not provide insights into broader industry trends or competitive landscape for Starbucks.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a market sale indicating a change in executive confidence.

Key Dates

Keywords

SBUX, Starbucks, Form 4, Insider Transaction, Executive Compensation, Stock Sale, Restricted Stock Units, Tax Withholding