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.