Insider at Seagate (NASDAQ: STX) sells 697 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CLO Lee James CI sold Ordinary Shares in a planned transaction. On May 4, 2026, he executed an open-market sale of 697 Ordinary Shares at $741.17 per share under a Rule 10b5-1 trading plan adopted on January 29, 2026. Following this sale, his direct ownership stood at 324 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 697 shares ($516,595)
Net Sell
1 txn
Insider
Lee James CI
Role
EVP & CLO
Sold
697 shs ($517K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 697 | $741.17 | $517K |
Holdings After Transaction:
Ordinary Shares — 324 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 697 Ordinary Shares
Sale price per share: $741.17 per share
Shares owned after sale: 324 Ordinary Shares
+1 more
4 metrics
Shares sold
697 Ordinary Shares
Open-market sale on May 4, 2026
Sale price per share
$741.17 per share
Average sale price for the 697 shares
Shares owned after sale
324 Ordinary Shares
Direct holdings following the May 4, 2026 transaction
Net shares sold
697 shares
Net change from insider transactions in this Form 4
Key Terms
Rule 10b5-1 trading plan, open-market sale, Ordinary Shares, transaction code S
4 terms
Rule 10b5-1 trading plan financial
"These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted..."
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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
transaction code S financial
"transaction_code: "S" indicating a sale in open market or private transaction"
FAQ
What insider sale did Seagate (STX) report for Lee James CI?
Seagate reported that EVP & CLO Lee James CI executed an open-market sale of 697 Ordinary Shares on May 4, 2026. The shares were sold at $741.17 per share under a pre-arranged Rule 10b5-1 trading plan.
Was the Seagate (STX) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the 697 Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by Lee James CI on January 29, 2026. Such plans pre-arrange trades, which can make the timing appear more routine.
What type of transaction is disclosed in this Seagate (STX) Form 4?
The filing describes an open-market sale of Seagate Ordinary Shares by EVP & CLO Lee James CI. It is classified with transaction code S, indicating a sale in the open market or private transaction, with no derivative exercises reported alongside it.