Seagate (STX) exec plans $7.8M RSU tax-share sale of stock
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) reported a planned Rule 144 sale of common stock by officer Gianluca Romano. The notice covers up to 9,135 shares of common stock, with an aggregate market value of $7,758,856.10, relative to 226,644,518 shares outstanding as of August 21, 2026. The shares relate to multiple Restricted Stock Unit vesting events and will be sold pursuant to issuer-mandated sell-to-cover transactions solely to satisfy tax withholding obligations.
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Key Figures
Shares covered by notice: 9,135 shares of common stock
Aggregate market value: $7,758,856.10
Shares outstanding: 226,644,518 shares
+5 more
8 metrics
Shares covered by notice
9,135 shares of common stock
Securities information for planned Rule 144 sale
Aggregate market value
$7,758,856.10
Value of 9,135 shares covered by the notice
Shares outstanding
226,644,518 shares
Common stock outstanding as of August 21, 2026
RSU vesting block 1
2,739 shares
Common stock issuable from Restricted Stock Unit vesting on August 20, 2026
RSU vesting block 2
9,129 shares
Common stock issuable from Restricted Stock Unit vesting on August 20, 2026
RSU vesting block 3
5,039 shares
Common stock issuable from Restricted Stock Unit vesting on August 20, 2026
Sale on August 7, 2026
22,211 shares for $2,190,984.63
Common stock sold during past three months
Sale on June 9, 2026
1,351 shares for $1,109,780.00
Common stock sold during past three months
Key Terms
Rule 144, Restricted Stock Unit Vesting, sell-to-cover
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Unit Vesting financial
"Common stock | 08/20/2026 | Restricted Stock Unit Vesting | Issuer"
sell-to-cover financial
"Sales to be made pursuant to Issuer mandated sell-to-cover solely"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
FAQ
What is the purpose of the Form 144 filing involving STX?
The Form 144 relates to planned sales of Seagate Technology Holdings plc (STX) common stock by officer Gianluca Romano under Rule 144. The sales are described as issuer-mandated sell-to-cover transactions made solely to satisfy tax withholding obligations on vested restricted stock units.
What STX stock has Gianluca Romano sold in the past three months?
Over the past three months, Gianluca Romano reported sales of Seagate common stock including 22,211 shares on August 7, 2026 for $2,190,984.63, 904 shares on June 12, 2026 for $795,029.18, and 1,351 shares on June 9, 2026 for $1,109,780.00.
What is the nature of the STX securities to be sold under this notice?
The securities are Seagate Technology Holdings plc common stock issued upon Restricted Stock Unit vesting on August 20, 2026. The filing notes that sales will be executed as sell-to-cover transactions mandated by the issuer to satisfy tax withholding obligations tied to this compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.