William D. Mosley - Sep 26, 2024 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
Chief Executive Officer, Director
Signature
/s/ Louis J. Thorson, Attorney-in-Fact for William D. Mosley
Stock symbol
STX
Transactions as of
Sep 26, 2024
Transactions value $
-$8,490,866
Form type
4
Date filed
9/27/2024, 04:23 PM
Previous filing
Sep 13, 2024
Next filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $7.13M +142K +21.21% $50.29 810K Sep 26, 2024 Direct
transaction STX Ordinary Shares Sale -$15.6M -142K -17.5% $110.18 669K Sep 26, 2024 Direct F1, 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 -142K -100% $0.00 0 Sep 26, 2024 Ordinary Shares 142K $50.29 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 The option exercise and sales of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 6, 2024 by the Reporting Person.
F2 These Ordinary Shares were sold in multiple trades at prices ranging from $110.00 to $110.43. 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 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 10, 2019. The remaining options vested in equal monthly installments over the 36 months following September 10, 2019.