Watson Mathew 4

What Happened

• Mathew Watson, Senior Vice President, Controller & Chief Accounting Officer at Best Buy (BBY), sold 1,784 shares in an open-market sale on May 29, 2026. The shares were disposed at $73.80 each for a total proceeds of $131,659. This was a sale (transaction code S), not a purchase or option exercise.

Key Details

• Transaction date and price: May 29, 2026 — 1,784 shares at $73.80 per share.
• Total proceeds: $131,659.
• Shares owned after transaction: not specified in the provided Form 4.
• Footnote: F1 — "This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c)." (This refers to certain share-acquisition reporting treatment in the filing.)
• Timeliness: Form filed June 2, 2026. With the May 29 transaction date, the filing appears to have been submitted within the two-business-day deadline.

Context

• Sales by executives can be routine (taxes, diversification, planned sales) and do not necessarily indicate a change in view on the company. This transaction was a straightforward open-market sale of roughly $132k in proceeds and does not involve option exercises, gifting, or complex derivatives.