Seagate (NASDAQ: STX) EVP sells 5,626 shares via 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CTO John Christopher Morris sold 5,626 Ordinary Shares in open-market transactions under a pre-arranged trading plan.
According to the Form 4, all 14 sales occurred on May 4, 2026, at prices generally around $731–$748 per share, and were executed pursuant to a Rule 10b5-1 trading plan adopted on January 29, 2026. The filing characterizes these as routine, pre-planned disposals of directly held shares rather than discretionary, one-off trades.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,626 shares ($4,154,090)
Net Sell
14 txns
Insider
Morris John Christopher
Role
EVP & CTO
Sold
5,626 shs ($4.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 160 | $731.6525 | $117K |
| Sale | Ordinary Shares | 240 | $733.6733 | $176K |
| Sale | Ordinary Shares | 613 | $734.8644 | $450K |
| Sale | Ordinary Shares | 520 | $735.6946 | $383K |
| Sale | Ordinary Shares | 734 | $736.8097 | $541K |
| Sale | Ordinary Shares | 800 | $737.7661 | $590K |
| Sale | Ordinary Shares | 427 | $738.7856 | $315K |
| Sale | Ordinary Shares | 631 | $739.9404 | $467K |
| Sale | Ordinary Shares | 615 | $740.93 | $456K |
| Sale | Ordinary Shares | 398 | $742.4685 | $296K |
| Sale | Ordinary Shares | 248 | $743.4584 | $184K |
| Sale | Ordinary Shares | 80 | $744.52 | $60K |
| Sale | Ordinary Shares | 120 | $745.64 | $89K |
| Sale | Ordinary Shares | 40 | $748.14 | $30K |
Holdings After Transaction:
Ordinary Shares — 17,420 shares (Direct, null)
Footnotes (1)
- All transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 29, 2026. These Ordinary Shares were sold in multiple trades at prices ranging from $731.38 to $732.18. 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 $733.23 to $734.08. 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 $734.27 to $735.23. 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 $735.27 to $736.21. 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 $736.27 to $737.25. 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 $737.28 to $738.21. 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 $738.31 to $739.09. 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 $739.36 to $740.27. 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 $740.36 to $741.35. 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 $742.08 to $743.04. 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 $743.14 to $743.94. 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 $744.18 to $744.86. 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 $745.34 to $745.83. 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.
Key Figures
Shares sold: 5,626 shares
Number of sale transactions: 14 sales
Representative sale price: $748.14 per share
+4 more
7 metrics
Shares sold
5,626 shares
Total Ordinary Shares sold on May 4, 2026
Number of sale transactions
14 sales
Individual open-market sale entries on May 4, 2026
Representative sale price
$748.14 per share
One reported Ordinary Share sale price on May 4, 2026
Representative sale price
$731.65 per share
One reported Ordinary Share sale price on May 4, 2026
Net share activity
-5,626 shares
Net buy/sell shares in transaction summary (net-sell)
Trading plan adoption date
January 29, 2026
Date Rule 10b5-1 trading plan was adopted
Transaction date
May 4, 2026
Date of all reported open-market sales
Key Terms
Rule 10b5-1 trading plan, Ordinary Shares, open-market sale, weighted average sale price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"All transactions reported in this Form 4 were effected pursuant to 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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
Form 4 regulatory
"All transactions reported in this Form 4 were effected pursuant"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What does the Seagate (STX) Form 4 filed for John Christopher Morris show?
The Form 4 reports that EVP & CTO John Christopher Morris sold 5,626 Seagate Ordinary Shares in 14 open-market transactions on May 4, 2026. All sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 29, 2026.
What is the significance of a Rule 10b5-1 trading plan in this Seagate Form 4?
A Rule 10b5-1 trading plan is a pre-arranged schedule for buying or selling shares. In this case, it means Morris’s May 4, 2026 sales were planned in advance, reducing the informational weight of the exact timing of these insider transactions for outside observers.
What role does John Christopher Morris hold at Seagate (STX) in this insider filing?
The reporting person, John Christopher Morris, is identified as Seagate Technology Holdings plc’s Executive Vice President and Chief Technology Officer. The Form 4 details his direct ownership transactions in the company’s Ordinary Shares, specifically documenting the open-market sales disclosed for May 4, 2026.