Best Buy's Founder and Chairman Emeritus Sold Company Shares Worth $74 Million. Here's What That Means for Investors.

Richard Schulze, founder and Chairman Emeritus of Best Buy, sold 900,000 shares worth approximately $74 million on July 13-14, 2026, through a pre-established Rule 10b5-1 plan. Despite the sale, Schulze retained over 11.6 million shares (6% of outstanding shares), suggesting continued confidence in the company. The sale occurred as Best Buy shares were rising, with the stock hitting a 52-week high of $87.35 shortly after. The company's strong fiscal Q1 performance, with revenue up to $8.9 billion and diluted EPS jumping to $1.31, supports the positive momentum.