STX insider exercises options, sells 1,412 shares at $288.98
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology (STX) executive Ban Seng Teh reported option exercises and a same‑day sale. On 11/11/2025, he exercised nonqualified stock options for 533 Ordinary Shares at $68.83 and 879 Ordinary Shares at $64.31, then sold 1,412 Ordinary Shares at $288.98. Following these transactions, he beneficially owned 12,041 Ordinary Shares, held directly.
The filing notes the activity was effected under a Rule 10b5‑1 trading plan adopted on October 31, 2024. Derivative holdings reported after the transactions include 5,325 options (exercise price $68.83; expiration 09/09/2029) and 19,333 options (exercise price $64.31; expiration 09/11/2030), each tied to Ordinary Shares per the plan’s vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,412 shares ($408,040)
Net Sell
5 txns
Insider
Teh Ban Seng
Role
EVP & Chief Commercial Officer
Sold
1,412 shs ($408K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | NQ Options | 533 | $0.00 | -- |
| Exercise | NQ Options | 879 | $0.00 | -- |
| Exercise | Ordinary Shares | 533 | $68.83 | $37K |
| Exercise | Ordinary Shares | 879 | $64.31 | $57K |
| Sale | Ordinary Shares | 1,412 | $288.98 | $408K |
Holdings After Transaction:
NQ Options — 5,325 shares (Direct);
Ordinary Shares — 12,574 shares (Direct)
Footnotes (1)
- The option exercise and sale of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 31, 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, 2023 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2023. 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 11, 2024 and the remaining options vest in equal monthly installments over the 36 months following September 11, 2024.
FAQ
What insider transaction did Seagate (STX) disclose?
Ban Seng Teh exercised options for 533 shares at $68.83 and 879 shares at $64.31 on 11/11/2025, then sold 1,412 Ordinary Shares at $288.98.
Was the Seagate (STX) trade under a 10b5‑1 plan?
Yes. The option exercise and sale were effected under a Rule 10b5‑1 trading plan adopted on October 31, 2024.
What derivative securities remain after the transactions for STX?
Reported remaining options include 5,325 at $68.83 (expiring 09/09/2029) and 19,333 at $64.31 (expiring 09/11/2030).
What vesting schedules apply to the exercised Seagate (STX) options?
One grant vested one-quarter on 09/09/2023 with monthly vesting over 36 months; another vested one-quarter on 09/11/2024 with similar monthly vesting over 36 months.