The filing disclosed that the open‑market sale and the gift were executed through indirect vehicles – a revocable trust and a spousal grantor retained annuity trust (GRAT) – rather than from Schulze’s personal brokerage accounts.
Schulze’s remaining equity in Best Buy is held across seven separate entities, including roughly 9.23 million shares in the revocable trust, 1.15 million shares in the spousal GRAT, and about 703,000 shares via a limited partnership, as well as positions in a 401(k), an IRA and additional family trusts.
At the close of trading on September 16, 2026, Best Buy shares were priced at $92.45, reflecting a 25 percent total return over the prior twelve months and a recent 52‑week high of $95.85 the day after Schulze’s sale.
Best Buy’s fiscal second‑quarter results, released earlier in August, showed revenue of $9.8 billion – up from $9.4 billion a year earlier – driven by a 4 percent same‑store sales increase, while diluted earnings per share rose 70 percent to $1.48 and the company lifted its adjusted EPS guidance.
Analysts note that despite the discretionary disposition of 600,000 shares, Schulze’s overall stake remains valued at roughly $1 billion, keeping his interests closely aligned with those of other shareholders.
The 401(k) balance of 70,140 shares cited in the filing is based on a plan statement dated September 15, 2026 and reflects adjustments exempt from standard reporting under Rule 16b‑3(c).