The dollar amounts are too small to signal material insider concern. Monitor for any larger insider sales (>$5M) or a pattern of sustained selling by the CEO/CFO before reading bearishly. The Q2 earnings beat and mixed guidance remain the primary near-term catalyst.
Price Chart
Executive Summary
Two Starbucks insiders — EVP Sara Kelly and International CEO Brady Brewer — sold a combined $444K in open-market sales over a 7-day window following the Q2 FY2026 earnings release. The sales are trivial relative to SBUX's $121.3B market cap (0.0004%), indicating routine portfolio diversification rather than a bearish signal.
Key Financial Metrics
Key Facts
- Total insider sales: $444K across 2 transactions (0.0004% of market cap)
- EVP Sara Kelly sold $210K on April 29; International CEO Brady Brewer sold $234K on May 5
- Sales occurred 1-9 days after Q2 FY2026 earnings (beat on EPS and revenue, but FY guidance revised to roughly flat)
- No insider purchases in the cluster; all transactions were open-market sales (code S)
Financial Impact
Total sales of $444K represent 0.0004% of SBUX's $121.3B market cap — economically negligible
Risk Factors
- No insider buying to offset the selling — could indicate lack of conviction at current levels
- FY2026 revenue guidance revised to roughly flat (from prior growth) due to China JV deconsolidation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SBUX-1778192373631 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | ANALYST-UPGRADE | $97.34 $94.14 | ▼ −3.29% | ▼ −5.85% | $95.11 (−2.30%) |
Jun 23, 2026 14w ago | Court Ruling | $101.05 $104.06 | ▲ +2.98% | ▲ +1.97% | $95.11 (−5.88%) |
Jun 14, 2026 15w ago | Institutional Cluster | $101.59 $100.15 | ▼ −1.42% | ▼ −0.03% | $95.11 (−6.38%) |
Jun 12, 2026 15w ago | 8-K | $101.59 $100.15 | ▼ −1.42% | ▼ −0.03% | $95.11 (−6.38%) |
Jun 11, 2026 16w ago | Institutional Cluster | $102.28 $99.82 | ▼ −2.41% | ▼ −2.84% | $95.11 (−7.02%) |
May 26, 2026 18w ago | Court Ruling | $101.35 $96.51 | ▼ −4.77% | ▼ −5.86% | $95.11 (−6.16%) |
May 20, 2026 19w ago | 8-K | $104.11 $99.12 | ▼ −4.79% | ▼ −6.64% | $95.11 (−8.65%) |
May 18, 2026 19w ago | Court Ruling | $106.60 $101.42 | ▼ −4.86% | ▼ −6.48% | $95.11 (−10.78%) |
May 15, 2026 20w ago | 8-K | $106.76 $103.10 | ▲ +3.43% | ▲ +4.39% | $95.11 (+10.91%) |
May 14, 2026 20w ago | ANALYST-UPGRADE | $106.38 $104.11 | ▼ −2.13% | ▼ −1.42% | $95.11 (−10.60%) |
US Market Status
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