STX insider Ban Seng Teh exercises options, ends with 18,041 shares
Rhea-AI Filing Summary
Seagate Technology (STX): Form 4 insider transaction. EVP & Chief Commercial Officer Ban Seng Teh exercised options for 532 shares at $68.83 and 878 shares at $64.31 on 10/13/2025, then sold 1,410 ordinary shares at $225.56. Following these transactions, he held 18,041 shares directly. All transactions were made under a Rule 10b5-1 trading plan adopted on October 31, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 1,410 shares ($225K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Teh Ban Seng
Role
EVP & Chief Commercial Officer
Sold
1,410 shs ($318K)
Approx. gross sale proceeds
$318K
Approx. exercise cost
$93K
Approx. pre-tax spread
$225K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | NQ Options | 532 | $0.00 | $0.00 |
| Exercise | NQ Options | 878 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 532 | $68.83 | $37K |
| Exercise | Ordinary Shares | 878 | $64.31 | $56K |
| Sale | Ordinary Shares | 1,410 | $225.56 | $318K |
Holdings After Transaction:
NQ Options — 26,070 shares (Direct);
Ordinary Shares — 18,041 shares (Direct)
Footnotes (3)
- F1. All transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 31, 2024.
- F2. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One-quarter of the options vested on September 9, 2023 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2023.
- F3. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One-quarter of the options vested on September 11, 2024 and the remaining options vest in equal monthly installments over the 36 months following September 11, 2024.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Seagate (STX) EVP Ban Seng Teh report on this Form 4?
He exercised 532 options at $68.83 and 878 options at $64.31, then sold 1,410 shares at $225.56 on 10/13/2025.
Were these Seagate (STX) trades under a 10b5-1 plan?
Yes. All transactions were made under a Rule 10b5-1 plan adopted on October 31, 2024.
What is the position of the reporting person at Seagate (STX)?
He is the EVP & Chief Commercial Officer.
What were the transaction codes used in the Form 4 for Seagate (STX)?
Code M for option exercises and code S for the sale of shares.
What were the option series referenced in the filing?
Non-qualified stock options with exercise prices of $68.83 (expiring 09/09/2029) and $64.31 (expiring 09/11/2030).