Ban Seng Teh - Dec 8, 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
EVP & Chief Commercial Officer
Signature
/s/ Louis J. Thorson, Attorney-in-Fact for Ban Seng Teh
Stock symbol
STX
Transactions as of
Dec 8, 2023
Transactions value $
-$637,630
Form type
4
Date filed
12/12/2023, 04:52 PM
Previous filing
Nov 16, 2023
Next filing
Dec 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Sale -$238K -3K -7.2% $79.21 38.7K Dec 8, 2023 Direct
transaction STX Ordinary Shares Sale -$400K -5K -12.92% $80.00 33.7K Dec 8, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +599 +1.78% $0.00 34.3K Dec 9, 2023 Direct

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 Restricted Share Unit Options Exercise $0 -599 -8.33% $0.00 6.59K Dec 9, 2023 Ordinary Shares 599 Direct F2, F3
* 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 The sales of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. on June 7, 2023.
F2 Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
F3 Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2023 and each quarter thereafter.

Remarks:

Exhibit 24 - Power of Attorney attached hereto