Best Buy's Chairman Emeritus Sells 300,000 Shares for $27.8 Million as the Stock Soars

Key Points The Chairman Emeritus disposed of 600,000 shares (300,000 sold and 300,000 gifted) on September 16, 2026. The transaction was executed entirely through indirect entities, including a revocable trust, with Schulze retaining ~11.3 million shares indirectly. The activity represents a focused liquidity event for the founder, who maintains a 5.0% ownership interest in the company. 10 stocks we like better than Best Buy › Richard M. Schulze, Chairman Emeritus of Best Buy Co., Inc. (NYSE:BBY) , reported the sale of 300,000 shares of common stock and another 300,000 shares gifted in an SEC Form 4 filing . Transaction summary Transaction value based on SEC Form 4 weighted average sale price ($92.