Seagate Technology Officer Files Form 144 for Sell-to-Cover Transaction
Seagate Technology Holdings plc
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Filing Summary
š Form 144 Notice of Proposed Sale: Seagate Technology Holdings plc ($STX) ⢠Insider: Morris John Christopher (Officer) ⢠Shares Proposed for Sale: 518 ⢠Aggregate Value: $404,405.00 ⢠Approx. Sale Date: 09/14/2026 ⢠Broker: Morgan Stanley ⢠Note: Issuer-mandated sell-to-cover transaction to satisfy tax withholding obligations from RSU vesting.
Comprehensive Analysis
Executive Summary
On September 14, 2026, Morris John Christopher, an Officer of Seagate Technology Holdings plc ($STX), filed SEC Form 144 indicating a proposed sale of 518 shares of Common Stock through Morgan Stanley, with an estimated aggregate market value of $404,405.00.
Transaction Details
- Security: Common Stock
- Proposed Sale Quantity: 518 shares
- Aggregate Market Value: $404,405.00 (~$780.70 per share)
- Shares Outstanding: 226,644,518
- Source of Shares: Acquired on September 11, 2026, via Restricted Stock Unit (RSU) vesting (942 shares acquired).
- Purpose / Remarks: The filing explicitly notes that the proposed sales are made pursuant to an issuer-mandated sell-to-cover solely to satisfy tax withholding obligations.
Prior Sales in Past 3 Months
- 08/03/2026: 168 shares for $137,383.68
- 08/21/2026: 4,039 shares for $3,420,119.36
- 09/10/2026: 892 shares for $769,234.55
Market & Governance Impact
This transaction is categorized as having Low trading significance. Because the disposition is an automatic sell-to-cover event driven by tax withholding obligations following equity compensation vesting, it does not represent discretionary selling or signal a change in executive sentiment regarding the company's outlook.
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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.
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