Starbucks (SBUX) director receives 3,991 fully vested deferred RSUs

Rhea-AI Filing Summary

ALLISON RICHARD E JR reported acquisition or exercise transactions in this Form 4 filing.

Starbucks director Richard E. Allison Jr. received a grant of 3,991 shares of common stock in the form of restricted stock units on March 25, 2026. These units were fully vested at grant and deferred under the Deferred Compensation Plan for Non-Employee Directors, meaning he did not buy the shares on the open market.

After this award, his directly held and deferred Starbucks equity totals 39,699.049 shares, which includes 698.714 deferred stock units credited as dividends under a dividend reinvestment plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ALLISON RICHARD E JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,991	$0.00	--

Holdings After Transaction: Common Stock — 39,699.049 shares (Direct)

Footnotes (1)

1. Represents restricted stock units granted on March 25, 2026, fully vested at the time of the grant, and deferred pursuant to the Deferred Compensation Plan for Non-Employee Directors. Includes 698.714 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ALLISON RICHARD E JR

(Last) (First) (Middle)

2401 UTAH AVENUE SOUTH

(Street)

SEATTLE WASHINGTON 98134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STARBUCKS CORP [ SBUX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/25/2026		A		3,991(1)	A	$0	39,699.049(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units granted on March 25, 2026, fully vested at the time of the grant, and deferred pursuant to the Deferred Compensation Plan for Non-Employee Directors.

2. Includes 698.714 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan.

	/s/ Michael Payant, attorney-in-fact for Richard E. Allison, Jr.	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Starbucks (SBUX) report for Richard E. Allison Jr.?

Starbucks reported that director Richard E. Allison Jr. received 3,991 restricted stock units on March 25, 2026. The units were fully vested at grant and deferred under the company’s Deferred Compensation Plan for Non-Employee Directors, reflecting equity-based compensation rather than an open-market share purchase.

Did the Starbucks (SBUX) director buy or sell shares in this Form 4 filing?

The director did not buy or sell shares on the market; he received 3,991 shares as a fully vested restricted stock unit grant. The award was deferred under a non-employee director compensation plan, so it represents stock-based compensation instead of a discretionary trade in Starbucks stock.

How many Starbucks (SBUX) shares does Richard E. Allison Jr. hold after this grant?

Following the March 25, 2026 grant, Richard E. Allison Jr. holds 39,699.049 Starbucks shares, including deferred units. This total also includes 698.714 deferred stock units that were credited as dividends through a dividend reinvestment plan linked to his existing deferred stock holdings.

What are the terms of the Starbucks (SBUX) restricted stock units granted to the director?

The filing states the 3,991 restricted stock units were fully vested at the time of the March 25, 2026 grant. They were deferred under the Deferred Compensation Plan for Non-Employee Directors, meaning settlement is postponed according to the plan’s rules rather than delivered immediately as common stock.

How were dividends on Starbucks (SBUX) deferred units treated for the director?

The filing notes that 698.714 deferred stock units represent dividends on existing deferred stock units. These were credited under a dividend reinvestment plan, effectively reinvesting cash dividends into additional deferred stock units instead of paying those dividends in cash to the director.