Best Buy Form 4 / RICHARD M SCHULZE ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SCHULZE RICHARD M

(Last)

(First)

(Middle)

7601 PENN AVENUE S.

(Street)

RICHFIELD

55423

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BEST BUY CO INC [ BBY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
Chairman Emeritus

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/28/2024		S		3,093	D	$80.0567⁽¹⁾	521,355	I	Family Foundation
Common Stock	02/29/2024		S		4,708	D	$85.4376⁽²⁾	516,647	I	Family Foundation
Common Stock	02/29/2024		S		15,120	D	$81.5944⁽³⁾	501,527	I	Family Foundation
Common Stock	02/29/2024		S		21,114	D	$82.6246⁽⁴⁾	480,413	I	Family Foundation
Common Stock	02/29/2024		S		25,791	D	$84.6494⁽⁵⁾	454,622	I	Family Foundation
Common Stock	02/29/2024		S		36,995	D	$83.6951⁽⁶⁾	417,627	I	Family Foundation
Common Stock	02/29/2024		S		76,378	D	$80.8088⁽⁷⁾	341,249	I	Family Foundation
Common Stock	02/28/2024		S		2,784	D	$80.0566⁽¹⁾	917,155	I	Sole general partner of limited partnership B
Common Stock	02/29/2024		S		4,234	D	$85.4378⁽²⁾	912,921	I	Sole general partner of limited partnership B
Common Stock	02/29/2024		S		13,607	D	$81.5945⁽³⁾	899,314	I	Sole general partner of limited partnership B
Common Stock	02/29/2024		S		18,999	D	$82.6245⁽⁴⁾	880,315	I	Sole general partner of limited partnership B
Common Stock	02/29/2024		S		23,217	D	$84.6495⁽⁵⁾	857,098	I	Sole general partner of limited partnership B
Common Stock	02/29/2024		S		33,296	D	$83.695⁽⁶⁾	823,802	I	Sole general partner of limited partnership B
Common Stock	02/29/2024		S		68,742	D	$80.8089⁽⁷⁾	755,060	I	Sole general partner of limited partnership B
Common Stock	02/28/2024		S		7,855	D	$80.0566⁽¹⁾	19,233,603	I	Trustee for Revocable Trust
Common Stock	02/29/2024		S		11,959	D	$85.4376⁽²⁾	19,221,644	I	Trustee for Revocable Trust
Common Stock	02/29/2024		S		38,400	D	$81.5944⁽³⁾	19,183,244	I	Trustee for Revocable Trust
Common Stock	02/29/2024		S		53,634	D	$82.6246⁽⁴⁾	19,129,610	I	Trustee for Revocable Trust
Common Stock	02/29/2024		S		65,515	D	$84.6494⁽⁵⁾	19,064,095	I	Trustee for Revocable Trust
Common Stock	02/29/2024		S		93,959	D	$83.6951⁽⁶⁾	18,970,136	I	Trustee for Revocable Trust
Common Stock	02/29/2024		S		194,002	D	$80.8089⁽⁷⁾	18,776,134	I	Trustee for Revocable Trust
Common Stock								69,850.1952⁽⁸⁾	I	401(k)
Common Stock								2,061	I	IRA
Common Stock								31,672	I	Sole member of LLC which is sole general partner of limited partnership A
Common Stock								1,153,938	I	Spousal GRAT
Common Stock								172,831	I	Spouse Irrevocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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 $80.31, 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.18 to $85.99, 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.18 to $82.17, 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.18 to $83.175, 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.18 to $85.17, 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.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.18 to $84.17, 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.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.18 to $81.17, 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.

8. This number reflects a periodic adjustment of shares under the employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of February 28, 2024.

Remarks:

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on October 6, 2023.

	/s/ Jodie H. Crist, Attorney-in-fact	03/01/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Best Buy (BBY) Form 4BEST BUY / RICHARD M SCHULZE ownership change