Seagate Technology EVP & CTO John Morris Exercises Options and Sells ~$1.74M in Shares Under 10b5-1 Plan

Executive Summary

On October 30, 2026, John Christopher Morris, Executive Vice President & Chief Technology Officer of Seagate Technology Holdings plc (NASDAQ: STX), exercised stock options and disposed of company stock for an aggregate consideration of approximately $1.74 million.

Transaction Breakdown

• Derivative Exercise (Code M): Exercised non-qualified stock options to acquire 915 Ordinary Shares at an exercise price of $158.40 per share (cost basis of $144,936).
• Open-Market Sales (Code S): Sold an aggregate of 2,675 Ordinary Shares across 24 separate transactions at weighted average prices ranging between $626.41 and $678.44, yielding an overall volume-weighted average price of approximately $650.15 per share.
• Aggregate Proceeds: Gross sale proceeds totaled approximately $1,739,149.01.
• Post-Transaction Beneficial Ownership: Following these transactions, Morris directly holds 20,933.25 Ordinary Shares and retains 16,463 derivative options.

Governance & Plan Details

• Rule 10b5-1 Plan: All sales were executed pursuant to a pre-established Rule 10b5-1 trading plan established on January 29, 2026.
• Market Signal: The trading significance is rated Low because the sale was carried out systematically under a Rule 10b5-1 plan following an option exercise, representing standard executive compensation realization rather than a discretionary market-timing trade.