Jeffrey D. Nygaard - 09 Sep 2022 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role: EVP, Operations and Technology
Signature: Abraham S. Barrera, Attorney-in-Fact Jeffrey D. Nygaard
Issuer symbol: STX
Transactions as of: 09 Sep 2022
Net transactions value: -$478,231
Form type: 4
Filing time: 13 Sep 2022, 21:31:25 UTC
Previous filing: 26 Jul 2022
Next filing: 14 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STX	Ordinary Shares	Tax liability	$109,233	-1,587	-12%	$68.83	11,656	09 Sep 2022	Direct	F1, F2, F3
transaction	STX	Ordinary Shares	Tax liability	$109,715	-1,594	-14%	$68.83	10,062	09 Sep 2022	Direct	F1
transaction	STX	Ordinary Shares	Options Exercise	$0	+2,615	+26%	$0.000000	12,677	09 Sep 2022	Direct
transaction	STX	Ordinary Shares	Tax liability	$79,017	-1,148	-9.1%	$68.83	11,529	09 Sep 2022	Direct	F1
transaction	STX	Ordinary Shares	Tax liability	$180,266	-2,619	-23%	$68.83	8,910	10 Sep 2022	Direct	F1
holding	STX	Ordinary Shares						71,794	09 Sep 2022	Jeffrey D. Nygaard Revocable Trust U/A Dated August 17, 2009

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	Options Exercise	$0	-2,615	-25%	$0.000000	7,845	09 Sep 2022	Ordinary Shares	2,615		Direct	F4, F5
transaction	STX	Restricted Share Unit	Award	$0	+9,585		$0.000000	9,585	09 Sep 2022	Ordinary Shares	9,585	$0.000000	Direct	F6
transaction	STX	Restricted Share Unit	Award	$0	+3,070		$0.000000	3,070	09 Sep 2022	Ordinary Shares	3,070	$0.000000	Direct	F7
transaction	STX	NQ Options	Award	$0	+25,560		$0.000000	25,560	09 Sep 2022	Ordinary Shares	25,560	$68.83	Direct	F8

* 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 securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3.
F2	Includes 35 Ordinary Shares purchased by Reporting Person on July 29, 2022 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
F3	Due to an administrative error, the prior ending shares were incorrectly reported.
F4	Each RSU represents a contingent right to receive one Ordinary Share of the Issuer.
F5	Consists of a grant of restricted share units awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive 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.
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, 2023 and each quarter thereafter.
F7	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 in full on September 9, 2023.
F8	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, 2023 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2023.