Seagate Technology (NASDAQ: STX) CFO sells 1,902 shares via 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CFO Gianluca Romano sold 1,902 Ordinary Shares in a planned open-market transaction. On May 7, 2026, he sold 1,902 shares at $770.00 per share and held 40,945 shares directly afterward. The filing notes all transactions were carried out under a Rule 10b5-1 trading plan adopted on November 26, 2025, indicating these sales were pre-arranged rather than opportunistic.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,902 shares ($1,464,540)
Net Sell
1 txn
Insider
Romano Gianluca
Role
EVP & CFO
Sold
1,902 shs ($1.46M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,902 | $770.00 | $1.46M |
Holdings After Transaction:
Ordinary Shares — 40,945 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,902 shares
Sale price per share: $770.00 per share
Shares held after transaction: 40,945 shares
+1 more
4 metrics
Shares sold
1,902 shares
Open-market sale of Ordinary Shares on May 7, 2026
Sale price per share
$770.00 per share
Price for the 1,902 Ordinary Shares sold
Shares held after transaction
40,945 shares
Direct ownership of Gianluca Romano following the sale
Trading plan adoption date
November 26, 2025
Rule 10b5-1 trading plan governing the reported sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, Ordinary Shares, non-derivative
4 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.
non-derivative financial
""transaction_type": "non-derivative""
FAQ
What insider transaction did Seagate (STX) disclose for CFO Gianluca Romano?
Seagate disclosed that EVP & CFO Gianluca Romano sold 1,902 Ordinary Shares. The transaction was an open-market sale at $770.00 per share, and it was executed under a pre-established Rule 10b5-1 trading plan adopted on November 26, 2025.
What type of security did the Seagate (STX) CFO sell in this transaction?
The transaction involved Seagate Ordinary Shares, classified as non-derivative securities. Romano’s Form 4 shows an open-market sale of 1,902 Ordinary Shares at $770.00 per share, with no associated derivative exercises or conversions reported in this particular filing.