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Seagate officer plans $404K tax-cover sale

An officer of Seagate Technology Holdings plc filed a Rule 144 notice for a small planned stock sale linked to tax-withholding obligations.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Seagate Technology Holdings plc (STX) discloses that officer John Christopher Morris has filed a notice to sell common stock under Rule 144, using Morgan Stanley as broker. The filing reports a planned sale of 518 shares, with earlier sales tied to issuer-mandated sell-to-cover for tax withholding.

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Shares planned for sale 518 shares Common stock to be sold under Rule 144
Aggregate market value of planned sale $404,405.00 Planned Rule 144 sale of 518 shares
Shares acquired via RSU vesting 942 shares Common stock acquired September 11, 2026 as compensation for services
Sale on August 3, 2026 168 shares for $137,383.68 Common stock sold during past three months
Sale on August 21, 2026 4,039 shares for $3,420,119.36 Common stock sold during past three months
Sale on September 10, 2026 892 shares for $769,234.55 Common stock sold during past three 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 | 09/11/2026 | 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.
compensation for services financial
"942 | 09/11/2026 | Compensation for services"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

It discloses that officer John Christopher Morris plans to sell 518 shares of Seagate common stock under Rule 144, with Morgan Stanley as broker, and notes that related sales are issuer-mandated sell-to-cover transactions to satisfy tax withholding obligations.

How many Seagate (STX) shares are planned to be sold under this Form 144?

The filing lists a planned sale of 518 shares of Seagate common stock, with an aggregate market value of $404,405.00, to be sold through Morgan Stanley on NASDAQGS on September 14, 2026.

What is the source of the Seagate (STX) shares to be sold?

The filing states that 942 shares of Seagate common stock were acquired on September 11, 2026 through Restricted Stock Unit vesting from the issuer as compensation for services, and shares are being sold to cover tax withholding.

What Seagate (STX) stock sales occurred in the past three months for this insider?

The notice reports sales of Seagate common stock of 168 shares for $137,383.68 on August 3, 2026, 4,039 shares for $3,420,119.36 on August 21, 2026, and 892 shares for $769,234.55 on September 10, 2026.

Are the reported Seagate (STX) stock sales discretionary sales by the insider?

The remarks state that the sales are to be made pursuant to issuer-mandated sell-to-cover transactions, conducted solely to satisfy tax withholding obligations, indicating they are tied to tax requirements on equity compensation.

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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