Best Buy Founder Richard Schulze Files Intent to Sell Additional $14.9M in Stock
BBY sits 40% above its 52-week low of $55.1.
Summary
Best Buy founder and director Richard M. Schulze intends to sell an additional $14.9 million in common stock, continuing a pattern of significant share dispositions.
Key Events · Ownership and Investor Activity · BBY
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Intent to Sell Shares
Richard M. Schulze, a Director and founder, filed a Form 144 to sell 193,896 shares of common stock, valued at approximately $14.9 million.
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Continuation of Insider Sales
This proposed sale is part of an ongoing pattern of share dispositions by Mr. Schulze, who has sold over $44 million in Best Buy stock in the last three months.
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Long-Term Trading Plan
The sales are consistent with a previously disclosed long-term trading plan established by Mr. Schulze.
Analysis · BBY · Trade & Services
Richard M. Schulze, a founder and director, has filed a Form 144 indicating his intent to sell approximately $14.9 million worth of common stock. This follows previous significant sales totaling over $44 million in the past three months and is part of a long-term trading plan. While not a new development, it represents a continued distribution of shares by a key insider.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 29.6% of the 2856 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BBY was trading at $76.89 on NYSE in the Trade & Services sector, with a market capitalization of approximately $16.2B. The 52-week trading range was $55.10 to $84.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.