Seagate officer plans $7.7M stock sale
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) officer James Lee has filed a notice of proposed sale of company stock under Rule 144. The notice covers up to 9,013 shares of common stock, to be sold through Morgan Stanley Smith Barney LLC on NASDAQ.
The shares include 4,032 shares issuable upon the exercise of stock options dated August 24, 2026, and 4,981 shares from restricted stock units dated August 20, 2026. The filing lists an aggregate market value of approximately 7,661,050.00 for the proposed sale. It also discloses several prior sales of Seagate common stock by James Lee during the past three months, including some conducted pursuant to a Rule 10b5-1 trading plan.
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Key Figures
Shares proposed for sale: 9,013 shares of common stock
Aggregate market value of proposed sale: 7,661,050.00
Shares from stock option exercise: 4,032 shares
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7 metrics
Shares proposed for sale
9,013 shares of common stock
Maximum amount covered by James Lee’s Rule 144 notice
Aggregate market value of proposed sale
7,661,050.00
Aggregate market value for the 9,013 Seagate common shares in the notice
Shares from stock option exercise
4,032 shares
Seagate common shares underlying stock options dated August 24, 2026
Shares from restricted stock units
4,981 shares
Seagate common shares from RSUs dated August 20, 2026
Past sale on August 21, 2026
3,938 shares for 3,344,759.20
Seagate common shares sold by James Lee in the prior 3 months
Past sale on July 30, 2026
694 shares for 608,950.30
Seagate common shares sold, noted as 10b5-1 sales
Past sale on July 23, 2026
542 shares for 490,514.72
Earlier Seagate common share sale by James Lee
Key Terms
Rule 144, restricted stock units, 10b5-1, Exercise of Stock Options
4 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 units financial
"Common | 08/20/2026 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 regulatory
"10b5-1 Sales for JAMES C LEE 121 Woodlands Avenue 5 Singapore"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
Exercise of Stock Options financial
"Common | 08/24/2026 | Exercise of Stock Options | Issuer"
FAQ
What prior Seagate (STX) stock sales by James Lee are disclosed in this Form 144?
The filing lists past 3‑month sales of Seagate common stock by James Lee: 3,938 shares on August 21, 2026 for 3,344,759.20, 694 shares on July 30, 2026 for 608,950.30, and 542 shares on July 23, 2026 for 490,514.72.
Were any of James Lee’s recent Seagate (STX) stock sales under a 10b5-1 plan?
Yes. The Form 144 notes “10b5-1 Sales” for James C. Lee in connection with Seagate common stock sales, including sales such as the 694 shares on July 30, 2026 for 608,950.30.
What key dates are associated with James Lee’s planned Seagate (STX) stock sales?
The Form 144 ties the 4,032 option shares to August 24, 2026 and the 4,981 RSU shares to August 20, 2026. Prior sales disclosed occurred on August 21, 2026, July 30, 2026, and July 23, 2026.
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