Form 4: Starbucks Executive Sara Kelly Sells 250 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Sara Kelly, EVP and Chief Partner Officer at Starbucks, sold 250 shares of common stock at $88 per share on April 22, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On April 22, 2024, Sara Kelly, the EVP and Chief Partner Officer of Starbucks, sold 250 shares of Starbucks common stock.
- The sale was executed at a price of $88 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 5, 2023.
- Following the transaction, Sara Kelly directly owns 46,441.1845 shares of Starbucks common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive stock sale under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Executive stock sales are a common occurrence and are often pre-planned using Rule 10b5-1 trading plans to avoid accusations of insider trading. The sale by a top executive at Starbucks is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 08/05/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 04/22/2024 | Date of the transaction (sale of shares) |
| 04/24/2024 | Date of the signature on the Form 4 filing |
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