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Seagate officer plans $1.22M tax-withholding sale

An officer of Seagate Technology Holdings plc filed a Rule 144 notice to sell a small number of shares tied to RSU vesting to cover tax obligations.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Seagate Technology Holdings plc (STX) received a notice from officer Gianluca Romano of a proposed sale of 1,415 shares of common stock through Morgan Stanley under Rule 144. The planned sale relates to restricted stock unit vesting and is described as issuer-mandated sell-to-cover solely to satisfy tax withholding obligations.

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Shares proposed for sale 1,415 shares Common stock to be sold under Rule 144 via Morgan Stanley
Aggregate market value of proposed sale $1,220,263.94 Value of 1,415 shares as referenced in the notice
Shares outstanding 226,644,518 shares Seagate common stock outstanding as referenced in the notice
RSU vesting 1 959 shares Common stock from restricted stock unit vesting on September 9, 2026
RSU vesting 2 1,515 shares Common stock from restricted stock unit vesting on September 9, 2026
Sale on June 10, 2026 1,351 shares for $1,109,780.00 Common stock sold by Gianluca Romano during past 3 months
Sale on August 7, 2026 22,211 shares for $2,190,984.63 Common stock sold by Gianluca Romano during past 3 months
Sale on August 20, 2026 9,077 shares for $7,708,956.50 Common stock sold by Gianluca Romano during past 3 months
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 | 09/09/2026 | 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.
Attorney-in-Fact regulatory
"Signature | /s/ Dawn Ledbetter. Attorney-in-Fact for Gianluca Romano"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing mean for Seagate (STX)?

The notice reports that officer Gianluca Romano plans to sell 1,415 shares of Seagate common stock under Rule 144. The sales are linked to restricted stock unit vesting and are described as issuer-mandated sell-to-cover for tax withholding.

How many Seagate (STX) shares are proposed to be sold in this notice?

The notice covers a proposed sale of 1,415 shares of Seagate common stock, with an indicated aggregate market value of $1,220,263.94 as of September 10, 2026.

What Seagate (STX) share sales has Gianluca Romano reported in the past 3 months?

The notice lists common stock sales of 1,351 shares on June 10, 2026 for $1,109,780.00, 904 shares on June 12, 2026 for $795,689.32, 22,211 shares on August 7, 2026 for $2,190,984.63, and 9,077 shares on August 20, 2026 for $7,708,956.50.

How many Seagate (STX) shares were outstanding as referenced in this notice?

The notice cites 226,644,518 shares of Seagate common stock as outstanding. This figure provides context for the relative size of the proposed and recent sales.

What is the purpose of the planned Seagate (STX) share sales in this notice?

The remarks state that sales are to be made pursuant to issuer mandated sell-to-cover, used solely to satisfy tax withholding obligations in connection with restricted stock unit vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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