Seagate (STX) EVP Teh Ban Seng exercises options, sells Ordinary Shares

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Seagate Technology Holdings plc EVP & Chief Commercial Officer Teh Ban Seng reported an option exercise and share sales. On January 29, 2026, he exercised 9,433 non-qualified options at an exercise price of $101.34 per share, receiving 9,433 Ordinary Shares.

On the same date, he sold 9,414 Ordinary Shares at a weighted average price of $440.2371, 1,348 shares at $440.4936, and 9,433 shares at $444.59, all in open-market sales. After these transactions, he directly held 3,092 Ordinary Shares and 18,867 options, with additional vesting of these options scheduled in monthly installments under a four-year vesting plan.

Insights

Executive exercised stock options and sold shares in a routine compensation-related transaction.

The EVP & Chief Commercial Officer exercised 9,433 non-qualified options at an exercise price of $101.34 on January 29, 2026, converting them into Ordinary Shares. This reflects use of previously granted equity under Seagate’s 2022 Equity Incentive Plan, which vests over four years.

He then sold 9,414, 1,348, and 9,433 Ordinary Shares in separate trades at weighted average prices around $440 per share. After these moves, he still held 3,092 Ordinary Shares and 18,867 options, so he retains ongoing equity exposure.

The option grant continues to vest monthly through the remainder of its four-year schedule, as noted in the footnotes. Future company filings may show additional monthly vesting and any related exercises or sales as they occur under this plan structure.

Insider Trade Summary

Net Seller: 20,195 shares ($8,931,995)

Net Sell 5 txns

Insider Teh Ban Seng

Role EVP & Chief Commercial Officer

Sold 20,195 shs ($8.93M)

Type	Security	Shares	Price	Value
Exercise	NQ Options	9,433	$0.00	--
Exercise	Ordinary Shares	9,433	$101.34	$956K
Sale	Ordinary Shares	9,414	$440.2371	$4.14M
Sale	Ordinary Shares	1,348	$440.4936	$594K
Sale	Ordinary Shares	9,433	$444.59	$4.19M

Holdings After Transaction: NQ Options — 18,867 shares (Direct); Ordinary Shares — 23,287 shares (Direct)

Footnotes (1)

Includes 161 Ordinary Shares purchased by Reporting Person on January 31, 2026 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934. These Ordinary Shares were sold in multiple trades at prices ranging from $439.32 to $440.31. 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 $440.33 to $440.54. 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 are subject to a four-year vesting schedule. One-quarter vested on September 9, 2025 and the remaining portion shall vest in equal monthly installments over the following three years for a total vesting period of four years

Form 4 Insider Transactions: What Each Field Means →

02/02/2026 - 04:13 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Teh Ban Seng

(Last)

(First)

(Middle)

SEAGATE TECHNOLOGY HOLDINGS PLC

47488 KATO ROAD

(Street)

FREMONT

94538

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Seagate Technology Holdings plc [ STX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	01/29/2026		M		9,433	A	$101.34	23,287⁽¹⁾	D
Ordinary Shares	01/29/2026		S		9,414	D	$440.2371⁽²⁾	13,873	D
Ordinary Shares	01/29/2026		S		1,348	D	$440.4936⁽³⁾	12,525	D
Ordinary Shares	01/29/2026		S		9,433	D	$444.59	3,092	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
NQ Options	$101.34	01/29/2026		M			9,433	⁽⁴⁾	09/09/2031	Ordinary Shares	9,433	$0	18,867	D

Explanation of Responses:

1. Includes 161 Ordinary Shares purchased by Reporting Person on January 31, 2026 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.

2. These Ordinary Shares were sold in multiple trades at prices ranging from $439.32 to $440.31. 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.

3. These Ordinary Shares were sold in multiple trades at prices ranging from $440.33 to $440.54. 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.

4. Options granted to the Reporting Person under the Seagate Technology plc 2022 Equity Incentive Plan are subject to a four-year vesting schedule. One-quarter vested on September 9, 2025 and the remaining portion shall vest in equal monthly installments over the following three years for a total vesting period of four years

Remarks:

	/s/ Louis J. Thorson, Attorney-in-Fact for Ban Seng Teh	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Seagate (STX) EVP Teh Ban Seng report on January 29, 2026?

He exercised 9,433 non-qualified options at an exercise price of $101.34, receiving 9,433 Ordinary Shares, and then sold 9,414, 1,348, and 9,433 shares in three open-market transactions at weighted average prices around $440 per share.

How many Seagate (STX) shares does EVP Teh Ban Seng hold after the reported Form 4 transactions?

After the January 29, 2026 transactions, he directly held 3,092 Ordinary Shares of Seagate Technology Holdings plc and 18,867 non-qualified stock options, according to the reported post-transaction balances in the Form 4 tables and related footnotes.

At what prices did Seagate (STX) EVP Teh Ban Seng sell his Ordinary Shares?

He sold 9,414 shares at a weighted average price of $440.2371, 1,348 shares at $440.4936, and 9,433 shares at $444.59. Some sales were executed in multiple trades within stated price ranges, with weighted averages reported in the filing.

What are the terms of the Seagate (STX) options exercised by EVP Teh Ban Seng?

The non-qualified options have an exercise price of $101.34 per share and were granted under the Seagate Technology plc 2022 Equity Incentive Plan. They vest over four years, with one-quarter vested on September 9, 2025 and the remainder vesting in equal monthly installments over three years.

Did Seagate (STX) EVP Teh Ban Seng acquire any shares through an employee stock purchase plan?

Yes. The footnotes state that his holdings include 161 Ordinary Shares purchased on January 31, 2026 under Seagate’s Employee Stock Purchase Plan. This acquisition is exempt from reporting under Rule 16b-3, but is noted as part of his beneficial ownership.

What type of Form 4 filing did Seagate (STX) submit for EVP Teh Ban Seng?

Seagate Technology Holdings plc filed a Form 4 reporting transactions by EVP & Chief Commercial Officer Teh Ban Seng. It covers one option exercise of 9,433 non-qualified options and three sales of Ordinary Shares on January 29, 2026, all held directly by him.