Seagate (STX) director Prat Bhatt sells 1,000 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc director Prat Bhatt reported an open-market sale of 1,000 Ordinary Shares of Seagate on 2026-06-02 at an average price of $929.88 per share. After this transaction, Bhatt directly holds 12,869 Ordinary Shares. All transactions were executed under a pre-established Rule 10b5-1 trading plan adopted on March 3, 2026, indicating they were pre-planned rather than discretionary trades.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,000 shares ($929,880)
Net Sell
1 txn
Insider
BHATT PRAT
Role
null
Sold
1,000 shs ($930K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,000 | $929.88 | $930K |
Holdings After Transaction:
Ordinary Shares — 12,869 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,000 shares
Sale price: $929.88 per share
Shares held after: 12,869 shares
+2 more
5 metrics
Shares sold
1,000 shares
Ordinary Shares sold in open-market transaction on 2026-06-02
Sale price
$929.88 per share
Average price for the 1,000 Ordinary Shares sold
Shares held after
12,869 shares
Director Prat Bhatt’s direct Seagate holdings after the sale
Net share change
1,000 shares
Net-sell direction per transaction summary
10b5-1 plan adoption date
March 3, 2026
Date Bhatt adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4
3 terms
Rule 10b5-1 trading plan regulatory
"All transactions were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action is described as an open-market sale of Ordinary Shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"All transactions reported in this Form 4 were effected pursuant to a plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Seagate (STX) director Prat Bhatt report?
Director Prat Bhatt reported selling 1,000 Seagate Ordinary Shares in an open-market transaction. The sale occurred on 2026-06-02 at an average price of $929.88 per share, as disclosed in a Form 4 insider trading report.
Was the Seagate (STX) insider sale by Prat Bhatt made under a Rule 10b5-1 plan?
Yes, the Form 4 states all reported transactions were made under a Rule 10b5-1 trading plan. The plan was adopted by Prat Bhatt on March 3, 2026, indicating the sale was pre-scheduled rather than a spur-of-the-moment decision.
What type of transaction is reported in Seagate (STX) director Prat Bhatt’s Form 4?
The Form 4 reports an open-market sale of Ordinary Shares. Specifically, it shows a sale of 1,000 shares coded as an “S” transaction, described as a sale in open market or private transaction under SEC rules.
Does the Seagate (STX) Form 4 show any option exercises or derivative transactions?
No, the filing reflects only a non-derivative transaction involving Ordinary Shares. The derivative summary in the data is empty, and the transaction code indicates a straightforward open-market share sale rather than an option exercise or conversion.