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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 700 | $164.8021 | $115K |
| Sale | Ordinary Shares | 342 | $165.6669 | $57K |
| Sale | Ordinary Shares | 400 | $166.6025 | $67K |
| Sale | Ordinary Shares | 5,843 | $168.2874 | $983K |
| Sale | Ordinary Shares | 5,715 | $169.0589 | $966K |
| Sale | Ordinary Shares | 7,000 | $170.1923 | $1.19M |
Footnotes (1)
- All transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025. These Ordinary Shares were sold in multiple trades at prices ranging from $164.36 to $164.95. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. These Ordinary Shares were sold in multiple trades at prices ranging from $165.43 to $166.09. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. These Ordinary Shares were sold in multiple trades at prices ranging from $166.43 to $166.86. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. These Ordinary Shares were sold in multiple trades at prices ranging from $167.63 to $168.62. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. These Ordinary Shares were sold in multiple trades at prices ranging from $168.63 to $169.60. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. These Ordinary Shares were sold in multiple trades at prices ranging from $169.64 to $170.61. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.