Best Buy Founder Richard Schulze Files Form 144 Notice to Sell $27.97M in Common Stock

Executive Summary

On September 16, 2026, Richard M. Schulze, Founder, Director Emeritus, and 10% Stockholder of Best Buy Co Inc ($BBY), filed a Form 144 notice proposing the sale of 300,000 shares of common stock through Piper Sandler & Co Inc. The estimated aggregate market value of the proposed transaction is $27,972,000.00 (~$93.24 per share).

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Transaction Details

• Issuer: Best Buy Co Inc ($BBY)
• Filer: Richard M. Schulze
• Role: 10% Stockholder / Director Emeritus
• Security: Common Stock
• Shares to be Sold: 300,000
• Aggregate Market Value: $27,972,000.00
• Approximate Sale Date: September 16, 2026
• Broker: Piper Sandler & Co Inc
• Origin of Securities: Founder's Shares acquired on April 18, 1985
• Remarks: Filing made on behalf of the Richard M Schulze Family Foundation.

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Historical Context (Past 3 Months Sales)

Within the past three months, the Richard M Schulze Revocable Trust reported the following sales:

• July 14, 2026: 300,000 shares for $24,663,270.00
• July 13, 2026: 600,000 shares for $49,329,720.00
• June 25, 2026: 193,896 shares for $15,149,501.66
• June 16, 2026: 5,100 shares for $397,806.00

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Market Impact & Significance

Given Richard Schulze's status as founder and significant stakeholder, multi-million-dollar dispositions represent notable transaction volume, although this continues an established pattern of periodic divestment and philanthropic execution through his associated trusts and foundation.