Katherine Schuelke - 18 Sep 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Signature
/s/ Steven M. Haines, Attorney-in-Fact for Katherine Schuelke
Issuer symbol
STX
Transactions as of
18 Sep 2023
Net transactions value
-$151,051
Form type
4
Filing time
19 Sep 2023, 18:11:12 UTC
Previous filing
19 Sep 2023
Next filing
12 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Sale $151,051 -2,346 -7.5% $64.39 28,812 18 Sep 2023 Direct F1, F2
* 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 sale of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 These Ordinary Shares were sold in multiple trades at prices ranging from $64.09 to $64.82. 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.