Seagate (STX) Insider Sales: Mosley Disposes 20K Shares via 10b5-1
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) insider sales by CEO/Director William D. Mosley. The Form 4 reports multiple open-market sales on 09/02/2025 executed under a Rule 10b5-1 trading plan adopted February 20, 2025. The reporting person sold blocks of Ordinary Shares: 700 at a weighted average $164.8021, 342 at $165.6669, 400 at $166.6025, 5,843 at $168.2874, 5,715 at $169.0589 and 7,000 at $170.1923. Following these transactions, the filing shows 478,212 shares, then sequentially lower counts down to 458,912 shares, reflecting the cumulative sales. The Form 4 was signed by an attorney-in-fact on 09/04/2025.
Positive
- Transactions executed under a Rule 10b5-1 plan, indicating planned and pre-authorized trades
- Detailed weighted-average prices and price ranges provided in explanatory footnotes
- Reporting person commits to provide trade-level details upon request, supporting transparency
Negative
- None.
Insights
TL;DR: CEO/Director Mosley executed several planned sales under a 10b5-1 plan; transactions are disclosed and routine.
The Form 4 discloses multiple open-market dispositions by William D. Mosley on a single trade date, executed pursuant to a documented Rule 10b5-1 plan adopted on February 20, 2025. The filing provides weighted average prices for each block and the remaining beneficial ownership counts after each sale. From a governance perspective, the presence of a 10b5-1 plan and explicit price ranges in the explanatory footnotes supports the view that these sales were pre-planned and compliant with Section 16 reporting requirements. The disclosure includes commitment to provide detailed trade-level prices and volumes upon request.
TL;DR: Material share volumes were sold but fully disclosed; this is a routine insider liquidity event, not an undisclosed corporate development.
The reported disposals total 20,000 shares on 09/02/2025 across six reported blocks with weighted average prices between $164.80 and $170.19, reducing beneficial holdings from 478,212 down to 458,912 shares in the sequence shown. As the trades were executed under a Rule 10b5-1 plan and the filer offers to provide trade-level details on request, the disclosure meets regulatory transparency standards. The filing contains no other operational or financial data that would change company valuation metrics directly.