Seagate (STX) EVP sells 15,560 shares in trades tied to 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & Chief Commercial Officer Teh Ban Seng reported option exercises and share sales. The filing shows exercises of non-qualified stock options into 8,003 Ordinary Shares at strike prices of $64.31, $68.83, and $101.34, followed by open-market sales totaling 15,560 Ordinary Shares at per-share prices generally around $800. Many of the May 13, 2026 sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 11, 2026. After these transactions, Teh directly holds 3,691 Ordinary Shares.
Positive
- None.
Negative
- None.
Insights
Routine option exercises paired with pre-planned insider sales.
The report shows EVP Teh Ban Seng exercising 8,003 stock options with strike prices of $64.31, $68.83, and $101.34, then selling 15,560 Ordinary Shares in multiple open-market trades at prices around $800 per share.
Footnotes state that all transactions on May 13, 2026 were executed under a Rule 10b5-1 trading plan adopted on February 11, 2026, indicating pre-scheduled activity rather than discretionary market timing. The filing lists no remaining derivative positions and shows 3,691 Ordinary Shares held directly after the transactions.
Insider Trade Summary 10b5-1
Net Seller: 15,560 shares ($12,687,979)
Net Sell
29 txns
Insider
Teh Ban Seng
Role
EVP & Chief Commercial Officer
Sold
15,560 shs ($12.69M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | NQ Options | 3,515 | $0.00 | -- |
| Exercise | NQ Options | 2,358 | $0.00 | -- |
| Exercise | NQ Options | 2,130 | $0.00 | -- |
| Exercise | Ordinary Shares | 3,515 | $64.31 | $226K |
| Exercise | Ordinary Shares | 2,358 | $101.34 | $239K |
| Exercise | Ordinary Shares | 2,130 | $68.83 | $147K |
| Sale | Ordinary Shares | 8,003 | $817.2842 | $6.54M |
| Sale | Ordinary Shares | 520 | $800.2604 | $416K |
| Sale | Ordinary Shares | 200 | $801.39 | $160K |
| Sale | Ordinary Shares | 419 | $802.6697 | $336K |
| Sale | Ordinary Shares | 676 | $803.7626 | $543K |
| Sale | Ordinary Shares | 509 | $804.7147 | $410K |
| Sale | Ordinary Shares | 400 | $805.994 | $322K |
| Sale | Ordinary Shares | 120 | $807.3083 | $97K |
| Sale | Ordinary Shares | 429 | $808.5973 | $347K |
| Sale | Ordinary Shares | 607 | $809.6285 | $491K |
| Sale | Ordinary Shares | 351 | $810.5711 | $285K |
| Sale | Ordinary Shares | 272 | $812.204 | $221K |
| Sale | Ordinary Shares | 285 | $813.4684 | $232K |
| Sale | Ordinary Shares | 200 | $814.262 | $163K |
| Sale | Ordinary Shares | 80 | $815.51 | $65K |
| Sale | Ordinary Shares | 160 | $817.2325 | $131K |
| Sale | Ordinary Shares | 200 | $818.633 | $164K |
| Sale | Ordinary Shares | 40 | $819.51 | $33K |
| Sale | Ordinary Shares | 320 | $821.2938 | $263K |
| Sale | Ordinary Shares | 40 | $822.19 | $33K |
| Sale | Ordinary Shares | 80 | $824.96 | $66K |
| Sale | Ordinary Shares | 80 | $827.50 | $66K |
| Sale | Ordinary Shares | 1,569 | $830.75 | $1.30M |
Holdings After Transaction:
NQ Options — 14,060 shares (Direct, null);
Ordinary Shares — 7,206 shares (Direct, null)
Footnotes (1)
- All transactions reported in this Form 4 on 5/13/2026 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 11, 2026. These Ordinary Shares were sold in multiple trades at prices ranging from $800 to $800.95. 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 $801.12 to $802.00. 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 $802.19 to $803.15. 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 $803.28 to $804.24. 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 $804.30 to $805.19. 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 $805.63 to $806.36. 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 $807.11 to $807.71. 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 $808.25 to $809.08. 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 $809.25 to $810.00. 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 $810.25 to $811.13. 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 $811.74 to $812.62. 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 $812.76 to $813.69. 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 $813.99 to $814.67. 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 $816.96 to $817.51. 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 $818.00 to $818.92. 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 $821.00 to $821.50. 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 $817.24 to $818.02. 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. Options granted to the Reporting Person under the Seagate Technology plc 2022 Equity Incentive Plan (the "2022 Plan") are subject to a four-year vesting schedule. One-quarter of the options vested on September 11, 2024 and the remaining options vest in equal monthly installments over the 36 months following September 11, 2024. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One-quarter of the options vested on September 9, 2025 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2025. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One-quarter of the options vested on September 9, 2023 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2023.
Key Figures
Shares sold: 15,560 shares
Options exercised: 8,003 shares
Post-transaction holdings: 3,691 shares
+3 more
6 metrics
Shares sold
15,560 shares
Total Ordinary Shares sold in May 2026 transactions
Options exercised
8,003 shares
Total Ordinary Shares acquired via option exercises
Post-transaction holdings
3,691 shares
Ordinary Shares held directly after latest transaction
Sale example price
$830.75 per share
Price for a 1,569-share open-market sale on May 13, 2026
Option strike price
$64.31 per share
Exercise price for one NQ option grant
Option strike price
$101.34 per share
Exercise price for another NQ option grant
Key Terms
Rule 10b5-1 trading plan, NQ Options, Seagate Technology plc 2022 Equity Incentive Plan, four-year vesting schedule, +1 more
5 terms
Rule 10b5-1 trading plan financial
"All transactions reported in this Form 4 on 5/13/2026 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.
NQ Options financial
"security_title: "NQ Options" with underlying security title "Ordinary Shares""
Seagate Technology plc 2022 Equity Incentive Plan financial
"Options granted to the Reporting Person under the Seagate Technology plc 2022 Equity Incentive Plan (the "2022 Plan")..."
four-year vesting schedule financial
"Options granted to the Reporting Person ... are subject to a four-year vesting schedule."
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
FAQ
What did Seagate (STX) executive Teh Ban Seng report in this Form 4?
Teh Ban Seng, Seagate’s EVP & Chief Commercial Officer, reported exercising 8,003 stock options and selling 15,560 Ordinary Shares in open-market trades around $800 per share, leaving 3,691 Seagate shares held directly after these transactions.
What stock options did the Seagate (STX) EVP exercise in this filing?
The EVP exercised non-qualified options covering 8,003 Ordinary Shares with exercise prices of $64.31, $68.83, and $101.34. These options were granted under Seagate equity incentive plans and are subject to four-year vesting schedules with initial vesting on specified September dates.
What vesting terms apply to the Seagate (STX) options in this Form 4?
Footnotes describe four-year vesting schedules. One-quarter of each option grant vests on specific September dates in 2023, 2024, or 2025, with the remaining three-quarters vesting in equal monthly installments over the following 36 months under Seagate’s equity incentive plans.