STX Form 4: Director Yolanda Conyers Reports Three Sales at $164–$170
Rhea-AI Filing Summary
Yolanda Lee Conyers, a director of Seagate Technology Holdings plc (STX), reported sales of ordinary shares executed on 09/02/2025 under a Rule 10b5-1 trading plan adopted on June 5, 2024. The Form 4 discloses three groups of sales: 74 shares at a weighted average price of $164.64, 333 shares at $168.4789, and 343 shares at $170.0077. The filer certifies the transactions were effected under the trading plan and offers to provide detailed trade-level prices and quantities upon request. The form was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- None.
Negative
- None.
Insights
TL;DR Routine insider sales under a pre-established 10b5-1 plan; signals no immediate undisclosed company-specific material event.
The filings show structured disposals of common stock in three tranches with precise weighted-average prices documented. Because the sales were made pursuant to a Rule 10b5-1 plan adopted in June 2024, they reflect pre-authorized transactions rather than opportunistic trades tied to contemporaneous private information. The disclosed weighted-average prices provide transparency into execution levels. Absent additional filings or material company disclosures, these transactions appear routine and unlikely to be material by themselves.
TL;DR Proper disclosure and use of a 10b5-1 plan demonstrate compliance with insider-trading protocols.
The Form 4 clearly identifies the reporting person as a director and states the trades were effected under a Rule 10b5-1 trading plan, satisfying standard governance and disclosure practices. The filer also commits to provide detailed trade-level information on request, which supports transparency. These elements reduce governance concerns associated with insider transactions, though repeated or large-scale sales over time would warrant closer monitoring.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 74 | $164.64 | $12K |
| Sale | Ordinary Shares | 333 | $168.4789 | $56K |
| Sale | Ordinary Shares | 343 | $170.0077 | $58K |
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 June 5, 2024. These Ordinary Shares were sold in multiple trades at prices ranging from $164.36 to $164.92. 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 $168.04 to $168.90. 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 $169.93 to $170.45. 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.