Seagate (STX) director sells 750 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc director Yolanda Lee Conyers reported an open-market sale of 750 Ordinary Shares. The transaction took place on June 1, 2026 at an average price of 885.33 per share. After the sale, she directly holds 4,101 shares.
The filing notes that this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2025, indicating the trade was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 750 shares ($663,998)
Net Sell
1 txn
Insider
Conyers Yolanda Lee
Role
null
Sold
750 shs ($664K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 750 | $885.33 | $664K |
Holdings After Transaction:
Ordinary Shares — 4,101 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 750 shares
Sale price per share: 885.33 per share
Shares owned after sale: 4,101 shares
+2 more
5 metrics
Shares sold
750 shares
Open-market sale on June 1, 2026
Sale price per share
885.33 per share
Average price for 750 shares sold
Shares owned after sale
4,101 shares
Direct holdings following transaction
Net shares sold
750 shares
Net-sell direction in transaction summary
Transaction code
S
Sale in open market or private transaction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4, Ordinary Shares
4 terms
Rule 10b5-1 trading plan regulatory
"All transactions reported in this Form 4 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": "open-market sale""
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 Rule 10b5-1 trading 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 Yolanda Lee Conyers report?
Yolanda Lee Conyers reported selling 750 Seagate Ordinary Shares in an open-market transaction. The sale occurred on June 1, 2026 at an average price of 885.33 per share, as disclosed in a Form 4 insider trading report filed with the SEC.
Is the Seagate (STX) insider transaction a buy or sell and what type of trade was it?
The transaction is a sale of shares, not a purchase. The Form 4 classifies it as an open-market sale of 750 Seagate Ordinary Shares, with a transaction code “S,” which denotes a sale in the open market or a private transaction.