Gianluca Romano - 22 Nov 2024 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
EVP & CFO
Signature
/s/ Louis J. Thorson, Attorney-in-Fact for Gianluca Romano
Issuer symbol
STX
Transactions as of
22 Nov 2024
Transactions value $
-$3,927,041
Form type
4
Filing time
26 Nov 2024, 16:51:28 UTC
Previous filing
22 Oct 2024
Next filing
11 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Sale -$2,177,168 -21,686 -31.9% $100.40 46,277 22 Nov 2024 Direct F1, F2
transaction STX Ordinary Shares Options Exercise $186,399 +4,032 +8.71% $46.23 50,309 25 Nov 2024 Direct
transaction STX Ordinary Shares Options Exercise $1,524,102 +22,143 +44% $68.83 72,452 25 Nov 2024 Direct
transaction STX Ordinary Shares Options Exercise $1,356,490 +21,093 +29.1% $64.31 93,545 25 Nov 2024 Direct
transaction STX Ordinary Shares Sale -$2,158,375 -21,267 -22.7% $101.49 72,278 25 Nov 2024 Direct F3
transaction STX Ordinary Shares Sale -$2,658,490 -26,001 -36% $102.25 46,277 25 Nov 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STX NQ Options Options Exercise $0 -4,032 -100% $0.000000 0 25 Nov 2024 Ordinary Shares 4,032 $46.23 Direct F5
transaction STX NQ Options Options Exercise $0 -22,143 -54.2% $0.000000 18,737 25 Nov 2024 Ordinary Shares 22,143 $68.83 Direct F6
transaction STX NQ Options Options Exercise $0 -21,093 -29.2% $0.000000 51,227 25 Nov 2024 Ordinary Shares 21,093 $64.31 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 All transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 23, 2024 by the Reporting Person.
F2 These Ordinary Shares were sold in multiple trades at prices ranging from $100.04 to $100.55. 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.
F3 These Ordinary Shares were sold in multiple trades at prices ranging from $100.92 to $101.91. 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.
F4 These Ordinary Shares were sold in multiple trades at prices ranging from $101.92 to $102.60. 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.
F5 Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to continuous employment, one-quarter of the options vested on September 9, 2021. The remaining options vested in equal monthly installments over the 36 months following September 9, 2021.
F6 Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter of the options vested on September 9, 2023 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2023.
F7 Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter of the options vested on September 11, 2024 and the remaining options vest in equal monthly installments over the 36 months following September 11, 2024.