STX insider files Rule 144 to sell 6,781 shares — $1.30M on NASDAQ
Rhea-AI Filing Summary
Form 144 notice for Seagate Technology Holdings PLC (STX) reports a proposed sale of 6,781 common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $1,298,764.93 and an approximate sale date of 09/10/2025. The filing shows those shares were acquired as restricted stock in four grants dated 12/11/2024, 03/11/2025, 06/11/2025 and 09/09/2025 totaling the 6,781 shares listed. The filer also reported five sales during the past three months totaling 12,676 shares with gross proceeds shown for each transaction. The notice includes the required certification that the seller is not aware of undisclosed material adverse information.
Positive
- Compliance: The filer submitted a Rule 144 notice and provided required details including broker, acquisition dates, and recent sales.
- Transparency: The filing lists acquisition dates and the nature of the shares as restricted stock, aiding investor understanding of the origin of shares.
Negative
- None.
Insights
TL;DR: Routine insider sale notice; size appears modest relative to large-cap issuer, likely neutral for valuation.
The Form 144 documents a proposed Rule 144 sale of 6,781 restricted shares through a broker, with an indicated market value of $1.30 million. The filing discloses acquisition dates and that the grants originated from the issuer, confirming this is disposition of restricted stock rather than an open-market transfer from a third party. Recent disclosed sales in the prior three months total 12,676 shares with stated gross proceeds per trade. From a compliance standpoint, the filer has satisfied Rule 144 notice requirements; from an investor-impact perspective, the disclosed volumes and dollar amounts are modest and do not, by themselves, indicate a material change to outstanding share count or capital structure.
TL;DR: Filing is a standard notification of proposed insider sales under Rule 144; no governance red flags evident.
The document contains required details: broker name and address, class of shares, acquisition dates, nature of acquisition (restricted stock), and recent sale history for the reporting person. The signature/attestation language reaffirms the filer attests to absence of undisclosed material adverse information. There is no disclosure here of any trading plan adoption date or other governance irregularity. Based on the content provided, this is a routine disclosure consistent with Rule 144 obligations.