Company: BBY
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0000764478-25-000007
Chunk: 26

Company: BEST BUY CO INC
Filing Date: 2025-03-19
Form: 10-K
Item: Item 9B
Chunk 26
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Rule 10b5-1 Plan Elections

 Set forth below are developments regarding trading plan arrangements among our directors and officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) for the quarter ended February 1, 2025. After the completion of his prior trading plan on December 11, 2024, Matthew Bilunas, the company’s Senior Executive Vice President of Enterprise Strategy and Chief Financial Officer, entered into a new trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The new trading plan was entered into on December 19, 2024, and provides for the potential sale of up to 51,000 shares of our common stock through April 25, 2025.

Other Information

There was no information required to be disclosed in a Current Report on Form 8-K during the fourth quarter of the fiscal year covered by this Annual Report on Form 10-K that was not reported.

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

Not applicable.

PART III

Item 10. Directors, Executive Officers and Corporate Governance.

The information required by this Item is incorporated by reference to the applicable information in the company’s Proxy Statement for the 2025 Regular Meeting of Shareholders (the “2025 Proxy Statement”), which is expected to be filed with the SEC on or before May 2, 2025.

Code of Ethics

We adopted a Code of Ethics that applies to our directors and all of our employees, including our principal executive officer, our principal financial officer and our principal accounting officer. Our Code of Ethics is available on our website at https://investors.bestbuy.com. A copy of our Code of Ethics may also be obtained, free of charge, upon written request to Best Buy Co., Inc. Investor Relations Department at 7601 Penn Avenue South, Richfield, MN 55423-3645.

We intend to satisfy the disclosure requirement under Item 5.05 of Form 8-K regarding an amendment to, or a waiver from, a provision of our Code of Ethics that applies to our principal executive officer, principal financial officer or principal accounting officer by posting such information within two business days of any such amendment or waiver on our website at https://investors.bestbuy.com.

Item 11. Executive Compensation.

The information required by this Item is incorporated by reference to the