Seagate (NASDAQ: STX) insider may sell 4,000 shares for tax withholding
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) is named as the issuer in a Rule 144 notice filed for officer James C. Lee. The notice covers a proposed sale of up to 4,000 shares of Seagate common stock on NASDAQGS through Morgan Stanley. The filing also lists Seagate common shares underlying restricted stock units vesting on 08/20/2026 in amounts of 5,698, 1,710, and 1,512 shares as compensation for services. Over the prior three months, a separate sale of 543 shares of Seagate common stock is reported. The remarks state that sales are to be made pursuant to an issuer-mandated sell-to-cover arrangement solely to satisfy tax withholding obligations.
Positive
- None.
Negative
- None.
Key Figures
Proposed shares to be sold: 4,000 shares of Common Stock
Aggregate market value of securities to be sold: $3,397,419.20
Shares outstanding: 226,644,518 shares
+5 more
8 metrics
Proposed shares to be sold
4,000 shares of Common Stock
Covered by the Form 144 notice for sale on NASDAQGS through Morgan Stanley
Aggregate market value of securities to be sold
$3,397,419.20
Associated with the 4,000 shares of Seagate common stock in the Rule 144 notice
Shares outstanding
226,644,518 shares
Seagate common stock shares outstanding referenced in the Rule 144 information
Restricted Stock Unit Vesting block 1
5,698 shares
Common stock from RSU vesting on 08/20/2026 as compensation for services
Restricted Stock Unit Vesting block 2
1,710 shares
Common stock from RSU vesting on 08/20/2026 as compensation for services
Restricted Stock Unit Vesting block 3
1,512 shares
Common stock from RSU vesting on 08/20/2026 as compensation for services
Shares sold in past 3 months
543 shares
Common stock sold on 07/22/2026 for $491,419.72
Aggregate value of past 3-month sale
$491,419.72
Value of 543 Seagate common shares sold on 07/22/2026
Key Terms
Rule 144, Restricted Stock Unit Vesting, sell-to-cover, tax withholding obligations
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 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 to satisfy tax"
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.
tax withholding obligations financial
"sell-to-cover solely to satisfy tax withholding obligations."
FAQ
Who is the insider involved in the STX Form 144 and what is their role?
The insider named is James C. Lee, identified as an officer of Seagate Technology Holdings plc. The notice is signed by Dawn Ledbetter as Attorney-in-Fact for James C. Lee.
What restricted stock unit vesting is disclosed for STX in this Form 144?
The filing lists Seagate common stock from Restricted Stock Unit Vesting on 08/20/2026 in three blocks: 5,698 shares, 1,710 shares, and 1,512 shares, each described as compensation for services from the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.