Director at Seagate (STX) sells 1,000 company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc director Arumugavelu Shankar sold 1,000 Ordinary Shares in an open-market transaction. The shares were sold at an average price of $927.68 per share. After this sale, he directly holds 6,626 Ordinary Shares of Seagate common equity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000 shares ($927,680)
Net Sell
1 txn
Insider
Arumugavelu Shankar
Role
null
Sold
1,000 shs ($928K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,000 | $927.68 | $928K |
Holdings After Transaction:
Ordinary Shares — 6,626 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 1,000 shares
Sale price: $927.68 per share
Shares owned after sale: 6,626 shares
+2 more
5 metrics
Shares sold
1,000 shares
Open-market sale of Ordinary Shares
Sale price
$927.68 per share
Average sale price for the 1,000 shares
Shares owned after sale
6,626 shares
Direct holdings following the transaction
Net share change
-1,000 shares
Net buy/sell shares in this Form 4
Sell transactions count
1 transaction
Number of sell transactions reported
Key Terms
open-market sale, Ordinary Shares, non-derivative, Form 4
4 terms
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.
non-derivative financial
"transaction_type: "non-derivative""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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) disclose in this Form 4?
Seagate disclosed that director Arumugavelu Shankar completed an open-market sale of 1,000 Ordinary Shares. The transaction involved non-derivative common equity and reflects a direct reduction in his shareholdings as reported in the insider ownership table.
Is the Seagate director’s sale classified as a derivative transaction?
No, the sale is classified as a non-derivative transaction involving Ordinary Shares. The Form 4 lists the security title as Ordinary Shares, identifies the transaction type as non-derivative, and shows no associated options, warrants, or other derivative securities.