Richard Schulze sells 500,350 shares (500.4K) for $38.1M at avg $76.12; 5 of 5 prior BBY sells well-timed to -20.6% to -22.2% declines.
Richard M Schulze sold 4 separate tranches totaling 500,350 shares for $38,085,310.82 on 2026-05-29, reducing his holdings from 11,431,286 to 10,930,936 shares (-4.4%). The transaction is notable because his prior trading record at BBY shows a consistent pattern: all 5 prior sells at this ticker occurred in late October 2025 and were followed by 90-day declines ranging from -19.4% to -22.2%, establishing a high success rate in capture of downside. Current price of $72.78 is -14.4% from the 52-week high of $84.99 and +21.2% over the past 30 days, positioning this sale at a point where the stock has recovered significantly from its recent lows. The company trades at P/E 19.36 with modest fundamentals (0.4% annual revenue growth, $140M net income on $9.7B revenue), which provides limited fundamental tailwinds. The timing of this large liquidation—after a 21.2% 30-day rally and against a backdrop of historically effective prior exits—suggests the insider may be executing at a perceived local peak.