Seagate CTO sells 240 shares under 10b5-1 plan
Seagate Technology EVP & CTO John Christopher Morris sold 240 ordinary shares in an open-market transaction at $410 per share.
Rhea-AI Filing Summary
Seagate Technology EVP & CTO John Christopher Morris sold 240 ordinary shares in an open-market transaction at $410 per share. The trade occurred on February 24, 2026 and was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 1, 2025. After this sale, Morris directly holds 16,566 Seagate shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 240 shares
Net Sell
1 txn
Insider
Morris John Christopher
Role
EVP & CTO
Sold
240 shs ($98K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 240 | $410.00 | $98K |
Holdings After Transaction:
Ordinary Shares — 16,566 shares (Direct)
Footnotes (1)
- F1. All transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 1, 2025.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Seagate (STX) report for EVP & CTO John Christopher Morris?
Seagate reported that EVP & CTO John Christopher Morris sold 240 ordinary shares in an open-market transaction at $410 per share. The sale was disclosed on a Form 4 and reflects a small portion of his overall Seagate shareholdings.
Was the Seagate (STX) insider sale by John Christopher Morris under a Rule 10b5-1 plan?
Yes. The filing notes all transactions on this Form 4 were executed under a Rule 10b5-1 trading plan adopted by John Christopher Morris on June 1, 2025. Such plans pre-schedule trades, helping separate them from short-term market developments.
What does the Form 4 transaction code indicate for the Seagate (STX) insider trade?
The Form 4 uses transaction code “S,” indicating a sale in an open market or private transaction. The data further describes this as an open-market sale of 240 Seagate ordinary shares at $410 per share by executive John Christopher Morris.
Is the John Christopher Morris Seagate (STX) trade classified as direct or indirect ownership?
The Form 4 classifies the holdings involved in this trade as direct ownership, using ownership code “D.” This means the 240 shares sold, and the remaining 16,566 shares, are held directly in the name of John Christopher Morris rather than through another entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.