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.
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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Key Figures
Shares planned for sale: 518 shares
Aggregate market value of planned sale: $404,405.00
Shares acquired via RSU vesting: 942 shares
+3 more
6 metrics
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
Key Terms
Rule 144, Restricted Stock Unit Vesting, sell-to-cover, compensation for services
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 | 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.
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.