Ravi Naik - Sep 9, 2021 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role: EVP & CIO
Signature: /s/ Jamie Amentler, Attorney-in-Fact for Ravi Naik
Stock symbol: STX
Transactions as of: Sep 9, 2021
Transactions value $: -$259,574
Form type: 4
Date filed: 9/14/2021, 07:21 PM
Previous filing: Aug 24, 2021
Next filing: Sep 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STX	Ordinary Shares	Options Exercise	$0	+3.85K	+17.21%	$0.00	26.2K	Sep 9, 2021	Direct
transaction	STX	Ordinary Shares	Tax liability	-$167K	-1.91K	-7.28%	$87.34	24.3K	Sep 9, 2021	Direct	F1
transaction	STX	Ordinary Shares	Options Exercise	$0	+2.15K	+8.83%	$0.00	26.4K	Sep 9, 2021	Direct
transaction	STX	Ordinary Shares	Tax liability	-$92.9K	-1.06K	-4.02%	$87.34	25.4K	Sep 9, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	STX	Restricted Share Unit	Award	$0	+8.05K		$0.00	8.05K	Sep 9, 2021	Ordinary Shares	8.05K		Direct	F2, F3
transaction	STX	NQ Options	Award	$0	+21.5K		$0.00	21.5K	Sep 9, 2021	Ordinary Shares	21.5K	$87.34	Direct	F4
transaction	STX	Restricted Share Unit	Options Exercise	$0	-2.15K	-33.33%	$0.00	4.29K	Sep 9, 2021	Ordinary Shares	2.15K	$0.00	Direct	F5
transaction	STX	Restricted Share Unit	Options Exercise	$0	-3.85K	-25%	$0.00	11.5K	Sep 9, 2021	Ordinary Shares	3.85K	$0.00	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of Restricted Share Units ("RSUs").
F2	Each RSU represents a contingent right to receive one Ordinary Share of the Issuer.
F3	Consists of a grant of RSUs awarded to the Reporting Person under the Amended and Restated Seagate Technology Holdings plc 2012 Equity Incentive Plan (the "Plan"). Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2022 and each one-year anniversary thereafter.
F4	Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter of the options will vest on September 9, 2022, and the remaining options vest in equal monthly installments over the 36 months following September 9, 2022.
F5	Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2020 and each one-year anniversary thereafter.
F6	Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2021 and each one-year anniversary thereafter.