Seagate Technology CEO William Mosley Sells $4.19M in Shares Under Rule 10b5-1 Plan
Seagate Technology Holdings plc
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Filing Summary
{"title": "Seagate Technology Holdings plc (STX) Insider Sale", "description": "CEO William D. Mosley reported open-market sales of 6,720 Ordinary Shares for a total value of approximately $4.19M pursuant to a pre-arranged Rule 10b5-1 trading plan.", "fields": [{"name": "Insider", "value": "William D. Mosley (CEO, Director)", "inline": true}, {"name": "Transaction Type", "value": "Sale (Open Market)", "inline": true}, {"name": "Total Shares Sold", "value": "6,720", "inline": true}, {"name": "Average Price", "value": "$622.82", "inline": true}, {"name": "Total Value", "value": "$4,185,348.55", "inline": true}, {"name": "Shares Remaining", "value": "346,108.25", "inline": true}], "footer": {"text": "SEC Form 4 • Filing Date: 2026-11-03"}}
Comprehensive Analysis
Executive Summary
On November 3, 2026, William D. Mosley, Chief Executive Officer and Director of Seagate Technology Holdings plc (STX), filed a Form 4 disclosing the sale of 6,720 Ordinary Shares on November 2, 2026. The sales were executed in multiple tranches at weighted average prices ranging between $617.67 and $644.43 per share, generating aggregate gross proceeds of approximately $4.19 million.
Transaction Breakdown
- Date of Transaction: November 2, 2026
- Security: Ordinary Shares
- Transaction Code: S (Open-market sale)
- Shares Sold: 6,720 shares across 14 discrete weighted-average execution blocks
- Effective Weighted Average Price: ~$622.82 per share
- Gross Proceeds: $4,185,348.55
- Post-Transaction Direct Ownership: 346,108.25 shares
Context & Trading Plan (Rule 10b5-1)
According to footnote disclosure (F1), all transactions were executed pursuant to a pre-established Rule 10b5-1 trading plan adopted by Mr. Mosley on February 18, 2026. Rule 10b5-1 plans allow corporate insiders to set up automated, scheduled sales to avoid concerns regarding material non-public information (MNPI).
Ownership Impact and Market Significance
Prior to the transaction, Mr. Mosley held 352,828.25 shares directly. The disposition of 6,720 shares represents approximately 1.90% of his direct holdings. Because the transaction was executed under an existing Rule 10b5-1 trading plan and represents only a minor fraction of his overall equity stake, this filing carries Low trading significance and reflects routine executive portfolio management rather than a discretionary sentiment shift.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
