FINHUB Insights

What the executives and directors of Starbucks actually did with their own shares, decoded from three years of SEC Form 4 filings.

−$562K net open-market flow, 12 m
1 open-market buys, 12 m
100% of sale value on 10b5-1 plans
269 days since an insider bought

The tape: three years of insider trades

Open-market buy Discretionary sale Planned sale (10b5-1) Reported-price path Routine
$50$1002024Jul2025Jul2026JulKELLY SARA — routine flow, 172 (2023-08-15)KELLY SARA — routine flow, 140 (2023-09-15)Zhang Wei — routine flow, 1,800 (2023-10-01)Narasimhan Laxman — routine flow, 4,940 (2023-10-02)Narasimhan Laxman — routine flow, 34.6K (2023-11-07)Conway Michael Aaron — routine flow, 25.8K (2023-11-10)Ruggeri Rachel — routine flow, 7,663 (2023-11-10)KELLY SARA — routine flow, 91 (2023-11-10)Narasimhan Laxman — routine flow, 66.8K (2023-11-14)Conway Michael Aaron — routine flow, 29.8K (2023-11-14)Ruggeri Rachel — routine flow, 21.7K (2023-11-14)KELLY SARA — routine flow, 9,880 (2023-11-14)Lerman Bradley E — routine flow, 13.3K (2023-11-14)Narasimhan Laxman — routine flow, 5,635 (2023-11-20)Conway Michael Aaron — routine flow, 2,654 (2023-11-20)Ruggeri Rachel — routine flow, 2,279 (2023-11-20)KELLY SARA — routine flow, 1,021 (2023-11-20)SIEVERT G MICHAEL — routine flow, 687 (2024-01-16)FORD BETH — routine flow, 73 (2024-01-16)Mohan Neal — routine flow, 687 (2024-01-16)SERVITJE DANIEL — routine flow, 687 (2024-01-16)HOBSON MELLODY L — routine flow, 5,403 (2024-03-13)SIEVERT G MICHAEL — routine flow, 3,383 (2024-03-13)FORD BETH — routine flow, 3,602 (2024-03-13)Nadella Satya — routine flow, 3,383 (2024-03-13)ALLISON RICHARD E JR — routine flow, 3,602 (2024-03-13)Campion Andrew — routine flow, 3,711 (2024-03-13)KNUDSTORP JORGEN VIG — routine flow, 3,602 (2024-03-13)Mohan Neal — routine flow, 3,383 (2024-03-13)Zhang Wei — routine flow, 3,383 (2024-03-13)SERVITJE DANIEL — routine flow, 3,383 (2024-03-13)KELLY SARA — routine flow, 273 (2024-04-15)BREWER BRADY — routine flow, 911 (2024-04-15)Lerman Bradley E — routine flow, 952 (2024-05-15)KELLY SARA — routine flow, 301 (2024-06-17)Niccol Brian R — routine flow, 332.3K (2024-09-16)KELLY SARA — routine flow, 1,525 (2024-09-16)Ruggeri Rachel — routine flow, 17.8K (2024-11-14)KELLY SARA — routine flow, 1,760 (2024-11-14)BREWER BRADY — routine flow, 15.6K (2024-11-14)Lerman Bradley E — routine flow, 842 (2024-11-14)Ruggeri Rachel — routine flow, 20.6K (2024-11-19)KELLY SARA — routine flow, 11.2K (2024-11-19)BREWER BRADY — routine flow, 15.9K (2024-11-19)Lerman Bradley E — routine flow, 14.2K (2024-11-19)Niccol Brian R — routine flow, 93.5K (2024-11-19)KELLY SARA — routine flow, 11.6K (2024-11-29)Ruggeri Rachel — routine flow, 1,289 (2025-02-18)SIEVERT G MICHAEL — routine flow, 3,141 (2025-03-12)FORD BETH — routine flow, 3,343 (2025-03-12)ALLISON RICHARD E JR — routine flow, 3,343 (2025-03-12)Campion Andrew — routine flow, 3,445 (2025-03-12)KNUDSTORP JORGEN VIG — routine flow, 5,218 (2025-03-12)Mohan Neal — routine flow, 3,141 (2025-03-12)Zhang Wei — routine flow, 3,141 (2025-03-12)SERVITJE DANIEL — routine flow, 3,141 (2025-03-12)KNUDSTORP JORGEN VIG — routine flow, 539 (2025-03-17)Smith Cathy R — routine flow, 45.6K (2025-03-24)Lerman Bradley E — routine flow, 975 (2025-05-15)KELLY SARA — routine flow, 308 (2025-06-16)MAYER MARISSA A — routine flow, 2,326 (2025-07-01)Moyo Dambisa F — routine flow, 1,350 (2025-07-01)Niccol Brian R — routine flow, 56.3K (2025-09-09)KELLY SARA — routine flow, 146 (2025-09-15)Smith Cathy R — routine flow, 20.8K (2025-11-11)Niccol Brian R — routine flow, 106.5K (2025-11-11)GRAMS MICHAEL DAVID — routine flow, 18.5K (2025-11-11)RAMOS PILAR — routine flow, 16.2K (2025-11-11)KELLY SARA — routine flow, 19.5K (2025-11-14)BREWER BRADY — routine flow, 26.2K (2025-11-14)Lerman Bradley E — routine flow, 6,284 (2025-11-14)KELLY SARA — routine flow, 3,063 (2025-11-19)BREWER BRADY — routine flow, 5,841 (2025-11-19)Smith Cathy R — routine flow, 1,904 (2025-11-19)Niccol Brian R — routine flow, 11.8K (2025-11-19)GRAMS MICHAEL DAVID — routine flow, 989 (2026-03-17)Smith Cathy R — routine flow, 2,231 (2026-03-24)KNUDSTORP JORGEN VIG — routine flow, 5,101 (2026-03-25)SIEVERT G MICHAEL — routine flow, 3,667 (2026-03-25)FORD BETH — routine flow, 3,937 (2026-03-25)MAYER MARISSA A — routine flow, 3,667 (2026-03-25)ALLISON RICHARD E JR — routine flow, 3,991 (2026-03-25)Campion Andrew — routine flow, 4,099 (2026-03-25)Moyo Dambisa F — routine flow, 2,265 (2026-03-25)Mohan Neal — routine flow, 3,667 (2026-03-25)Zhang Wei — routine flow, 3,667 (2026-03-25)SERVITJE DANIEL — routine flow, 3,667 (2026-03-25)KELLY SARA — routine flow, 316 (2026-06-15)Routine: vests, tax, giftsRuggeri Rachel (CFO) — Planned sale (10b5-1): 1,346 @ $106 = $143K (2023-11-16)KELLY SARA (Officer) — Planned sale (10b5-1): 250 @ $104.45 = $26K (2023-11-21)KELLY SARA (Officer) — Planned sale (10b5-1): 250 @ $93.78 = $23K (2024-01-22)Conway Michael Aaron (Officer) — Planned sale (10b5-1): 3,250 @ $94.03 = $306K (2024-02-15)KELLY SARA (Officer) — Planned sale (10b5-1): 250 @ $93.86 = $23K (2024-02-21)Ruggeri Rachel (CFO) — Planned sale (10b5-1): 3,221 @ $93.06 = $300K (2024-03-04)KELLY SARA (Officer) — Planned sale (10b5-1): 250 @ $92.63 = $23K (2024-03-21)Conway Michael Aaron (CEO) — Planned sale (10b5-1): 3,250 @ $85.39 = $278K (2024-04-15)KELLY SARA (Officer) — Planned sale (10b5-1): 250 @ $88 = $22K (2024-04-22)KELLY SARA (Officer) — Planned sale (10b5-1): 250 @ $77.5 = $19K (2024-05-21)Ruggeri Rachel (CFO) — Planned sale (10b5-1): 3,750 @ $80 = $300K (2024-05-22)Conway Michael Aaron (CEO) — Planned sale (10b5-1): 3,250 @ $80 = $260K (2024-06-14)Ruggeri Rachel (CEO) — Planned sale (10b5-1): 3,290 @ $91.16 = $300K (2024-08-13)Conway Michael Aaron (CEO) — Planned sale (10b5-1): 3,250 @ $94.03 = $306K (2024-08-15)Ruggeri Rachel (CFO) — Planned sale (10b5-1): 1,452 @ $99.07 = $144K (2024-11-15)Ruggeri Rachel (CFO) — Planned sale (10b5-1): 1,491 @ $99.54 = $148K (2024-11-21)KELLY SARA (Officer) — Planned sale (10b5-1): 19.1K @ $101.37 = $1.9M (2024-11-29)KELLY SARA (Officer) — Planned sale (10b5-1): 2,500 @ $97.12 = $243K (2026-03-05)BREWER BRADY (CEO) — Planned sale (10b5-1): 1,641 @ $97.12 = $159K (2026-03-05)BREWER BRADY (CEO) — Planned sale (10b5-1): 588 @ $100 = $59K (2026-03-09)BREWER BRADY (CEO) — Planned sale (10b5-1): 1,641 @ $90 = $148K (2026-04-06)BREWER BRADY (CEO) — Planned sale (10b5-1): 588 @ $100 = $59K (2026-04-17)KELLY SARA (Officer) — Planned sale (10b5-1): 2,000 @ $105 = $210K (2026-04-29)BREWER BRADY (CEO) — Planned sale (10b5-1): 2,229 @ $104.81 = $234K (2026-05-05)BREWER BRADY (CEO) — Planned sale (10b5-1): 1,641 @ $94.33 = $155K (2026-06-05)BREWER BRADY (CEO) — Planned sale (10b5-1): 588 @ $100 = $59K (2026-06-11)BREWER BRADY (CEO) — Planned sale (10b5-1): 2,229 @ $104 = $232K (2026-07-06)Conway Michael Aaron (Officer) — Discretionary sale: 6,500 @ $104.77 = $681K (2023-11-14)KELLY SARA (Officer) — Discretionary sale: 250 @ $95 = $24K (2023-12-21)KNUDSTORP JORGEN VIG (Director) — Open-market buy: 380 @ $91.5 = $35K (2024-09-06)KNUDSTORP JORGEN VIG (Director) — Open-market buy: 11.7K @ $85 = $995K (2025-11-10)Knudstorp $995KConway $681K

Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.

Where the shares went, last 12 months

Granted: 247.8KGranted 247.8KBought on market: 11.7KBought on market 11.7KWithheld for tax: 86.5KWithheld for tax 86.5KPlanned sales (10b5-1): 15.6KPlanned sales (10b5-1) 15.6KKept: 157.3KKept 157.3K

Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.

Skin in the game

10020222023202420252026Smith Cathy RConway Michael AaronBREWER BRADYRuggeri RachelNiccol Brian RRuggeri 192.9Niccol 142.8Smith 140Brewer 138.5Conway 102

Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.

Who holds what

Insider Role Shares held Buys 12 m Sales 12 m 12 m Last trade
HOBSON MELLODY L Director 587.1K 2022-09-15
Niccol Brian R chairman and ceo CEO 474.5K
Narasimhan Laxman ceo CEO 164.8K
Ruggeri Rachel evp, cfo CFO 79.1K 2024-11-21
BREWER BRADY ceo, International CEO 77.4K $1.1M 2026-07-06
Conway Michael Aaron ceo, North America CEO 75.1K 2024-08-15
Smith Cathy R evp, cfo CFO 63.8K
KNUDSTORP JORGEN VIG Director 57.8K $995K 2025-11-10
KELLY SARA evp, chief partner officer Officer 57.6K $453K 2026-04-29
Lerman Bradley E evp, chief legal officer Officer 42.7K
ALLISON RICHARD E JR Director 39.7K 2022-09-15
Campion Andrew Director 30.1K
GRAMS MICHAEL DAVID evp, chief operating officer COO 28.1K
Nadella Satya Director 27.7K

Open-market trade log

Date Insider Type Shares Price Value Since trade Filed
2026-07-06 BREWER BRADY (CEO) Planned sale (10b5-1) 2,229 $104.00 $232K 0% 2026-07-08
2026-06-11 BREWER BRADY (CEO) Planned sale (10b5-1) 588 $100.00 $59K +4% 2026-06-15
2026-06-05 BREWER BRADY (CEO) Planned sale (10b5-1) 1,641 $94.33 $155K +10.3% 2026-06-09
2026-05-05 BREWER BRADY (CEO) Planned sale (10b5-1) 2,229 $104.81 $234K -0.8% 2026-05-07
2026-04-29 KELLY SARA (Officer) Planned sale (10b5-1) 2,000 $105.00 $210K -1% 2026-04-30
2026-04-17 BREWER BRADY (CEO) Planned sale (10b5-1) 588 $100.00 $59K +4% 2026-04-21
2026-04-06 BREWER BRADY (CEO) Planned sale (10b5-1) 1,641 $90.00 $148K +15.6% 2026-04-08
2026-03-09 BREWER BRADY (CEO) Planned sale (10b5-1) 588 $100.00 $59K +4% 2026-03-11
2026-03-05 KELLY SARA (Officer) Planned sale (10b5-1) 2,500 $97.12 $243K +7.1% 2026-03-09
2026-03-05 BREWER BRADY (CEO) Planned sale (10b5-1) 1,641 $97.12 $159K +7.1% 2026-03-09
2025-11-10 KNUDSTORP JORGEN VIG (Director) Open-market buy 11.7K $85.00 $995K +22.4% 2025-11-13
2024-11-29 KELLY SARA (Officer) Planned sale (10b5-1) 19.1K $101.37 $1.9M +2.6% 2024-12-03
2024-11-21 Ruggeri Rachel (CFO) Planned sale (10b5-1) 1,491 $99.54 $148K +4.5% 2024-11-22
2024-11-15 Ruggeri Rachel (CFO) Planned sale (10b5-1) 1,452 $99.07 $144K +5% 2024-11-18
2024-09-06 KNUDSTORP JORGEN VIG (Director) Open-market buy 380 $91.50 $35K +13.7% 2024-09-17 late
2024-08-15 Conway Michael Aaron (CEO) Planned sale (10b5-1) 3,250 $94.03 $306K +10.6% 2024-08-19
2024-08-13 Ruggeri Rachel (CEO) Planned sale (10b5-1) 3,290 $91.16 $300K +14.1% 2024-08-15
2024-06-14 Conway Michael Aaron (CEO) Planned sale (10b5-1) 3,250 $80.00 $260K +30% 2024-06-18
2024-05-22 Ruggeri Rachel (CFO) Planned sale (10b5-1) 3,750 $80.00 $300K +30% 2024-05-24
2024-05-21 KELLY SARA (Officer) Planned sale (10b5-1) 250 $77.50 $19K +34.2% 2024-05-23
2024-04-22 KELLY SARA (Officer) Planned sale (10b5-1) 250 $88.00 $22K +18.2% 2024-04-24
2024-04-15 Conway Michael Aaron (CEO) Planned sale (10b5-1) 3,250 $85.39 $278K +21.8% 2024-04-17
2024-03-21 KELLY SARA (Officer) Planned sale (10b5-1) 250 $92.63 $23K +12.3% 2024-03-25
2024-03-04 Ruggeri Rachel (CFO) Planned sale (10b5-1) 3,221 $93.06 $300K +11.8% 2024-03-06
2024-02-21 KELLY SARA (Officer) Planned sale (10b5-1) 250 $93.86 $23K +10.8% 2024-02-22
2024-02-15 Conway Michael Aaron (Officer) Planned sale (10b5-1) 3,250 $94.03 $306K +10.6% 2024-02-16
2024-01-22 KELLY SARA (Officer) Planned sale (10b5-1) 250 $93.78 $23K +10.9% 2024-01-23
2023-12-21 KELLY SARA (Officer) Discretionary sale 250 $95.00 $24K +9.5% 2023-12-22
2023-11-21 KELLY SARA (Officer) Planned sale (10b5-1) 250 $104.45 $26K -0.4% 2023-11-22
2023-11-16 Ruggeri Rachel (CFO) Planned sale (10b5-1) 842 $106.20 $89K -2.1% 2023-11-20
2023-11-15 Ruggeri Rachel (CFO) Planned sale (10b5-1) 504 $105.66 $53K -1.6% 2023-11-16
2023-11-14 Conway Michael Aaron (Officer) Discretionary sale 6,500 $104.77 $681K -0.7% 2023-11-15
2023-06-21 Ruggeri Rachel (CFO) Planned sale (10b5-1) 679 $100.60 $68K +3.4% 2023-06-23
2023-02-21 Ruggeri Rachel (CFO) Discretionary sale 736 $105.50 $78K -1.4% 2023-02-23
2023-02-13 Jenkins Zabrina (Officer) Discretionary sale 2,962 $108.48 $321K -4.1% 2023-02-15
2023-01-09 Ruggeri Rachel (CFO) Discretionary sale 3,960 $106.50 $422K -2.4% 2023-01-11
2022-12-08 Shih Clara (Director) Discretionary sale 7,000 $103.29 $723K +0.7% 2022-12-12
2022-11-23 Conway Michael Aaron (Officer) Discretionary sale 15.3K $99.14 $1.5M +4.9% 2022-11-28
2022-09-15 HOBSON MELLODY L (Director) Open-market buy 54.8K $92.58 $5.1M +12.3% 2022-09-16
2022-09-15 ALLISON RICHARD E JR (Director) Open-market buy 10K $92.53 $925K +12.4% 2022-09-16
2022-09-15 Jenkins Zabrina (Officer) Discretionary sale 4,020 $93.00 $374K +11.8% 2022-09-16
2022-05-12 SCHULTZ HOWARD D (CEO) Open-market buy 72.5K $68.85 $5M +51.1% 2022-05-16
2022-05-10 SCHULTZ HOWARD D (CEO) Open-market buy 16.9K $73.10 $1.2M +42.3% 2022-05-12
2022-05-10 SCHULTZ HOWARD D (CEO) Open-market buy 120.6K $72.61 $8.8M +43.2% 2022-05-12
2021-12-10 Lis Angela (Officer) Discretionary sale 6,000 $116.88 $701K -11% 2021-12-14
2021-12-08 JOHNSON KEVIN R (CEO) Discretionary sale 80.8K $116.42 $9.4M -10.7% 2021-12-10
2021-12-08 JOHNSON KEVIN R (CEO) Discretionary sale 169.2K $115.93 $19.6M -10.3% 2021-12-10
2021-11-23 Woods Gina (Officer) Discretionary sale 4,030 $113.41 $457K -8.3% 2021-11-24
2021-11-22 Conway Michael Aaron (Officer) Discretionary sale 47.1K $111.50 $5.3M -6.7% 2021-11-24
2021-08-06 CULVER JOHN (COO) Discretionary sale 148.6K $119.00 $17.7M -12.6% 2021-08-10
2021-08-02 CULVER JOHN (COO) Discretionary sale 3,600 $122.33 $440K -15% 2021-08-04
2021-07-29 JOHNSON KEVIN R (CEO) Discretionary sale 45.3K $123.28 $5.6M 2021-07-30
2021-07-29 JOHNSON KEVIN R (CEO) Discretionary sale 313.8K $122.74 $38.5M 2021-07-30
2021-04-05 JOHNSON KEVIN R (CEO) Discretionary sale 170K $111.07 $18.9M 2021-04-07
2021-04-01 JOHNSON KEVIN R (CEO) Discretionary sale 31.5K $109.45 $3.4M 2021-04-02
2021-04-01 JOHNSON KEVIN R (CEO) Discretionary sale 121.8K $109.04 $13.3M 2021-04-02
2021-03-29 Gonzalez Rachel A (Officer) Discretionary sale 82.9K $109.51 $9.1M 2021-03-31
2021-02-16 CULVER JOHN (Officer) Discretionary sale 48.7K $106.51 $5.2M 2021-02-18
2020-12-11 Lis Angela (Officer) Discretionary sale 4,500 $103.22 $464K 2020-12-15
2020-11-25 Ramo Joshua Cooper (Director) Discretionary sale 2,925 $98.28 $287K 2020-11-27

“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.

Filing hygiene

140 Forms 4, 3 years
2 filed late
0 amendments
2 avg. days to file

How to read this

A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.

Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.

Every number on this page comes from Forms 3, 4 and 5 filed with the SEC, refreshed daily. Browse the source filings on SEC EDGAR. Data through 2026-08-06