STOCK TITAN

Seagate Technology (NASDAQ: STX) EVP sells 989 shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Seagate Technology Holdings plc EVP & Chief Commercial Officer Teh Ban Seng exercised and sold shares in a routine, pre-planned transaction. On June 11, 2026, he exercised 989 Restricted Share Units into the same number of Ordinary Shares at $0.00 per share. On June 12, 2026, he executed an open-market sale of 989 Ordinary Shares at an average price of $880.19 per share under a Rule 10b5-1 trading plan adopted on February 11, 2026. After the sale, he directly owned 4,290 Ordinary Shares and held 4,945 Restricted Share Units from the referenced grant, which continues to vest over a four-year period, subject to continued employment.

Positive

  • None.

Negative

  • None.
Insider Teh Ban Seng
Role EVP & Chief Commercial Officer
Sold 989 shs ($871K)
Type Security Shares Price Value
Sale Ordinary Shares 989 $880.19 $871K
Exercise Restricted Share Unit 989 $0.00 --
Exercise Ordinary Shares 989 $0.00 --
Holdings After Transaction: Ordinary Shares — 4,290 shares (Direct, null); Restricted Share Unit — 4,945 shares (Direct, null)
Footnotes (1)
  1. These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person on February 11, 2026. Consists of a grant of restricted share unit awarded to the reporting person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Subject to the Reporting Person's continuous employment, one-quarter vested starting on September 11, 2024 and then in equal quarterly installments over the following three years for a total vesting period of four years.
Shares sold 989 shares Ordinary Shares sold in open-market transaction on June 12, 2026
Sale price $880.19 per share Average price for 989 Ordinary Shares sold June 12, 2026
Shares exercised 989 shares Restricted Share Units converted to Ordinary Shares on June 11, 2026
Shares held after sale 4,290 shares Total Ordinary Shares directly owned following June 12, 2026 sale
RSUs remaining 4,945 units Restricted Share Units remaining after June 11, 2026 exercise
10b5-1 plan adoption date February 11, 2026 Date Rule 10b5-1 trading plan for the sale was adopted
Vesting start date September 11, 2024 Start of quarterly vesting schedule for RSU grant over four years
Rule 10b5-1 trading plan regulatory
"These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person on February 11, 2026."
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.
Restricted Share Unit financial
"Consists of a grant of restricted share unit awarded to the reporting person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan."
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
2022 Equity Incentive Plan financial
"Restricted share unit awarded to the reporting person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan."
open-market sale financial
"Transaction action classified as open-market sale of 989 Ordinary Shares at $880.19 per share."
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.
derivative exercise/conversion financial
"Transaction code M described as exercise or conversion of derivative security for 989 Restricted Share Units."
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SEC Form 4
FORM 4UNITED 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).
X
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 CALIFORNIA 94538

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Seagate Technology Holdings plc [ STX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Commercial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Ordinary Shares06/11/2026M989A$05,279D
Ordinary Shares06/12/2026S989(1)D$880.194,290D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Unit$006/11/2026M989 (2) (2)Ordinary Shares989$04,945D
Explanation of Responses:
1. These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person on February 11, 2026.
2. Consists of a grant of restricted share unit awarded to the reporting person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Subject to the Reporting Person's continuous employment, one-quarter vested starting on September 11, 2024 and then in equal quarterly 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 Teh06/15/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Seagate (STX) executive Teh Ban Seng report?

Teh Ban Seng reported exercising 989 Restricted Share Units into 989 Ordinary Shares, then selling 989 Ordinary Shares in an open-market transaction at $880.19 per share. These moves were disclosed as part of his routine equity compensation activity.

At what price did the Seagate (STX) executive sell Ordinary Shares?

He sold 989 Ordinary Shares at an average price of $880.19 per share. This was classified as an open-market sale and executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted earlier in 2026.

Was the Seagate (STX) insider sale made under a Rule 10b5-1 plan?

Yes, the 989 Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted on February 11, 2026. Such plans pre-schedule trades, making the timing more mechanical and less indicative of short-term views.

How many Seagate (STX) shares does Teh Ban Seng hold after these transactions?

After the reported transactions, he directly owned 4,290 Ordinary Shares. He also held 4,945 Restricted Share Units from a 2022 Equity Incentive Plan grant that continues to vest over a four-year service-based schedule.

What equity award did the Seagate (STX) executive exercise in this Form 4?

He exercised 989 Restricted Share Units granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. The award vests over four years, beginning on September 11, 2024, in equal quarterly installments subject to continued employment.