Seagate Technology Holdings plc EVP & CLO Sells $351.4K in Ordinary Shares

Executive Summary

On October 26, 2026, James C. Lee, Executive Vice President and Chief Legal Officer of Seagate Technology Holdings plc (NASDAQ: STX), filed Form 4 detailing equity transactions occurring on October 22 and October 23, 2026.

Transaction Breakdown

1. RSU Vesting / Conversion (2026-10-22):

   • Code M: Acquired 1,237 Ordinary Shares via the conversion/exercise of Restricted Share Units (RSUs) at an exercise price of $0.00.
   • Directly held shares increased temporarily to 1,584 shares.

2. Open Market Sale (2026-10-23):

   • Code S: Disposed of 547.25 Ordinary Shares at a price of $642.14 per share.
   • Total Transaction Value: $351,411.12.
   • Post-sale direct holdings stand at 1,036.75 Ordinary Shares.

Significance & Market Context

• Significance Level: Low.
• The sale represents approximately 34.5% of the insider's directly held shares immediately prior to the transaction, but was preceded the day before by an RSU vest of 1,237 shares. The disposal of 547.25 shares corresponds closely to standard sell-to-cover or routine post-vest diversification patterns often seen with executive compensation vestings.
• The filing indicates Rule 10b5-1 was not checked (aff10b5One is 0). However, given the timing directly succeeding the quarterly vesting event, this is considered a standard compensatory liquidity transaction rather than an informational sentiment indicator.