Gianluca Romano - 03 Nov 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
EVP & CFO
Signature
/s/ Steven M. Haines, Attorney-in-Fact for Gianluca Romano
Issuer symbol
STX
Transactions as of
03 Nov 2023
Net transactions value
-$1,245,420
Form type
4
Filing time
06 Nov 2023, 16:24:34 UTC
Previous filing
19 Sep 2023
Next filing
01 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Sale $693,199 -9,479 -12% $73.13 70,894 03 Nov 2023 Direct F1, F2
transaction STX Ordinary Shares Sale $552,221 -7,503 -11% $73.60 63,391 03 Nov 2023 Direct F1, F3
* 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 $72.50 to $73.49. 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.
F3 These Ordinary Shares were sold in multiple trades at prices ranging from $73.50 to $73.80. 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.