The sales are modest relative to market cap and the CHRO sale follows a recent grant, reducing its informational value. Monitor for any 10b5-1 plan disclosures or additional insider sales in the next 30 days to assess pattern.
Price Chart
Executive Summary
Two insider sales at Best Buy total $30.97M, dominated by founder Richard Schulze's $22.86M open-market sale. The CHRO also sold $8.11M. These are large absolute amounts but represent a tiny fraction of Best Buy's ~$20B market cap (~0.15%), placing them in the modest proportionality band. No 10b5-1 plan is indicated, but the CHRO sale follows a recent grant, suggesting liquidity-driven selling rather than informed selling.
Key Financial Metrics
Key Facts
- Richard Schulze (founder) sold 247.3K shares at $92.43 for $22.86M on 2026-09-16.
- Kathleen Scarlett (SEVP, CHRO) sold 88.1K shares at $92.07 for $8.11M on 2026-09-23.
- Total insider sales of $30.97M represent ~0.15% of Best Buy's market cap.
- Scarlett was granted 32,311 shares at $0 on 2026-09-20, suggesting the sale may be liquidity-driven post-vesting.
- No 10b5-1 trading plan is indicated for either sale.
Financial Impact
Total insider sales of $30.97M, ~0.15% of market cap.
Risk Factors
- Founder Schulze's sale could signal personal diversification rather than bearish view, but large dollar amount warrants attention.
- No 10b5-1 plan disclosed increases uncertainty about intent.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BBY-1790318165170 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 144 | $97.95 | awaiting T+5 | — | $98.50 (+0.56%) |
Oct 23, 2026 4d ago | Institutional Cluster | $99.87 | awaiting T+5 | — | $98.50 (−1.37%) |
Sep 25, 2026 4w ago | S-3ASR | $89.91 $87.39 | ▼ −2.80% | ▼ −4.01% | $98.50 (+9.55%) |
Sep 24, 2026 4w ago | Insider Cluster | $90.51 $87.97 | ▼ −2.81% | ▼ −2.58% | $98.50 (+8.83%) |
Aug 27, 2026 8w ago | 8-K | $83.56 $87.00 | ▲ +4.12% | ▲ +4.89% | $98.50 (+17.88%) |
Aug 6, 2026 11w ago | Institutional Cluster | $80.02 $85.35 | ▲ +6.66% | ▲ +5.45% | $98.50 (+23.09%) |
Jun 22, 2026 18w ago | 8-K | $75.15 $77.64 | ▲ +3.31% | ▲ +2.30% | $98.50 (+31.07%) |
Jun 9, 2026 20w ago | Court Ruling | $75.64 $73.10 | ▼ −3.36% | ▼ −5.50% | $98.50 (+30.22%) |
Jun 2, 2026 21w ago | Insider Cluster | $71.69 $75.64 | ▼ −5.51% | ▼ −9.33% | $98.50 (−37.40%) |
May 28, 2026 21w ago | 8-K | $74.73 $70.94 | ▼ −5.07% | ▼ −5.39% | $98.50 (+31.81%) |
US Market Status
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