GRAMS MICHAEL DAVID 4

What Happened Michael David Grams, Chief Operating Officer of Starbucks (SBUX), had 988.989 shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs). The withholding was recorded at $97.57 per share, for a total value of $96,496. This was a tax-withholding/cashless settlement of RSUs (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (filed two days after the transaction, generally within the Form 4 deadline).
• Price per share: $97.57; shares withheld: 988.989; total value: $96,496.
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding on RSU vesting (not an open market transaction). F2 — 388 of the shares include dividend equivalents received on unvested time-based RSUs.
• Transaction type/code: F (tax withholding on award vesting).

Context This is a routine tax-withholding event tied to RSU vesting and does not represent an open-market sale or an outright purchase. Such withholdings are standard when equity awards vest and generally do not signal the insider's view on the company's stock.