Ban Seng Teh - 24 Jul 2024 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
EVP & Chief Commercial Officer
Signature
/s/ Louis J. Thorson, Attorney-in-Fact for Ban Seng Teh
Issuer symbol
STX
Transactions as of
24 Jul 2024
Net transactions value
-$416,517
Form type
4
Filing time
26 Jul 2024, 17:40:10 UTC
Previous filing
25 Mar 2025
Next filing
11 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $696,353 +10,117 +186% $68.83 15,564 24 Jul 2024 Direct F1
transaction STX Ordinary Shares Sale $1,112,870 -10,117 -65% $110.00 5,387 24 Jul 2024 Direct F2

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 -10,117 -40% $0.000000 15,443 24 Jul 2024 Ordinary Shares 10,117 $68.83 Direct 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 Includes 345 Ordinary Shares purchased by Reporting Person on January 31, 2024 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
F2 The sale of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on January 29, 2024 by the Reporting Person.
F3 Options granted to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive 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.