ValueAct Holdings, L.P. - 17 Feb 2022 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Reporting relationship: Director, Other*
Issuer ticker: STX
Reported as of: 17 Feb 2022
Net transaction value: -$221,432,088
SEC form: 4
Accepted by SEC: 22 Feb 2022, 18:31:17 UTC
Prior SEC filing: 04 Jan 2022
Next SEC filing: 24 Feb 2022
Source filing: View source filing
Reporting owner signature: VALUEACT HOLDINGS, L.P., By: VALUEACT HOLDINGS GP, LLC, its General Partner, By: /s/ Jason B. Breeding, Authorized Signatory

Key filing fact

ValueAct Holdings, L.P. filed Form 4 for Seagate Technology Holdings plc (STX) on 22 Feb 2022.

Key facts

This page summarizes ValueAct Holdings, L.P.'s Form 4 filing for Seagate Technology Holdings plc (STX).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 22 Feb 2022, 18:31.

Change

Previous filing in this sequence was filed on 04 Jan 2022.
Current net transaction value: -$221,432,088.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

STX transaction

Ordinary Shares

Sale

Transaction value: $189,000,000
Shares: -1,750,000
Change %: -11%
Price: $108.00
Shares after: 13,737,070
Date: 17 Feb 2022
Ownership: See footnotes.
Footnotes: F1, F2

STX transaction

Ordinary Shares

Sale

Transaction value: $3,021,289
Shares: -27,703
Change %: -0.2%
Price: $109.06
Shares after: 13,709,367
Date: 18 Feb 2022
Ownership: See footnotes.
Footnotes: F1, F2

STX transaction

Ordinary Shares

Sale

Transaction value: $29,410,799
Shares: -272,297
Change %: -2%
Price: $108.01
Shares after: 13,437,070
Date: 22 Feb 2022
Ownership: See footnotes.
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Footnote F2

The securities reported herein are held by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC remarks

-The reporting persons herein may be deemed to be members of a "group" for purposes of the Securities Exchange Act of 1934, as amended. Each reporting person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by such reporting person. This report shall not be deemed an admission that such reporting person is a member of a group or the beneficial owner of any securities not directly owned by such reporting person. -Dylan G. Haggart, a Partner at ValueAct Capital, serves on the board of directors of the Issuer. As a result, the other reporting persons herein may be deemed directors by deputization.