William D. Mosley - Aug 31, 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
Chief Executive Officer, Director
Signature
/s/ Steven M. Haines, Attorney-in-Fact for William D. Mosley
Stock symbol
STX
Transactions as of
Aug 31, 2023
Transactions value $
-$10,998,282
Form type
4
Date filed
9/5/2023, 05:06 PM
Previous filing
Sep 14, 2022
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $3.61M +100K +16.23% $36.09 716K Aug 31, 2023 Direct F1, F2, F3
transaction STX Ordinary Shares Sale -$389K -5.61K -0.78% $69.34 711K Aug 31, 2023 Direct F1, F4
transaction STX Ordinary Shares Sale -$3.8M -54K -7.6% $70.35 657K Aug 31, 2023 Direct F1, F5
transaction STX Ordinary Shares Sale -$2.86M -40.4K -6.15% $70.81 616K Aug 31, 2023 Direct F1, F6
transaction STX Ordinary Shares Options Exercise $3.1M +100K +16.23% $30.95 716K Aug 31, 2023 Direct F1
transaction STX Ordinary Shares Sale -$7.01M -100K -13.96% $70.08 616K Aug 31, 2023 Direct F1, F7
transaction STX Ordinary Shares Options Exercise $3.57M +98.9K +16.04% $36.09 715K Sep 1, 2023 Direct F1
transaction STX Ordinary Shares Sale -$1.19M -16.6K -2.32% $71.40 699K Sep 1, 2023 Direct F1, F8
transaction STX Ordinary Shares Sale -$997K -13.8K -1.97% $72.29 685K Sep 1, 2023 Direct F1, F9
transaction STX Ordinary Shares Sale -$4.62M -62.9K -9.18% $73.45 622K Sep 1, 2023 Direct F1, F10
transaction STX Ordinary Shares Sale -$415K -5.61K -0.9% $74.01 616K Sep 1, 2023 Direct F1, F11

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 NQ Options Options Exercise $0 -100K -50.29% $0.00 98.9K Aug 31, 2023 Ordinary Shares 100K $36.09 Direct F1, F12
transaction STX NQ Options Options Exercise $0 -100K -39.5% $0.00 153K Aug 31, 2023 Ordinary Shares 100K $30.95 Direct F1, F13
transaction STX NQ Options Options Exercise $0 -98.9K -100% $0.00* 0 Sep 1, 2023 Ordinary Shares 98.9K $36.09 Direct F1, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The option exercises and sales of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Includes 314 Ordinary Shares purchased by Reporting Person on January 31, 2023 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under theSecurities Exchange Act of 1934.
F3 This number reflects the deduction of two shares due to an accounting error.
F4 These Ordinary Shares were sold in multiple trades at prices ranging from $68.70 to $69.69. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F5 These Ordinary Shares were sold in multiple trades at prices ranging from $69.70 to $70.70. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F6 These Ordinary Shares were sold in multiple trades at prices ranging from $70.70 to $70.94. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F7 These Ordinary Shares were sold in multiple trades at prices ranging from $70.00 to $70.39. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F8 These Ordinary Shares were sold in multiple trades at prices ranging from $70.77 to $71.76. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F9 These Ordinary Shares were sold in multiple trades at prices ranging from $71.77 to $72.73. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F10 These Ordinary Shares were sold in multiple trades at prices ranging from $72.80 to $73.79. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F11 These Ordinary Shares were sold in multiple trades at prices ranging from $73.81 to $74.40. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F12 Options granted to the Reporting Person under the Issuer's 2012 Equity Incentive Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 11, 2018, the remaining options vested in equal monthly installments over the 36 months following September 11, 2018.
F13 Options granted to the Reporting Person under the Issuer's 2012 Equity Incentive Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 9, 2017, the remaining options vested in equal monthly installments over the 36 months following September 9, 2017.