Form 4: Seagate CCO Exercises Options, Sells Shares

Seagate Technology Holdings plc's EVP & Chief Commercial Officer, Teh Ban Seng, exercised stock options and subsequently sold 1,410 ordinary shares.

Summary

• Teh Ban Seng, EVP & Chief Commercial Officer of Seagate Technology Holdings plc, engaged in transactions involving the company's ordinary shares on October 13, 2025.
• The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Teh on October 31, 2024.
• Mr. Teh exercised Non-Qualified (NQ) Options to acquire 532 ordinary shares at an exercise price of $68.83 per share.
• Mr. Teh also exercised NQ Options to acquire an additional 878 ordinary shares at an exercise price of $64.31 per share.
• Concurrently, Mr. Teh disposed of 1,410 ordinary shares at a price of $225.56 per share.
• Following these transactions, Mr. Teh directly beneficially owns 18,041 ordinary shares.
• Mr. Teh retains 5,858 NQ Options with an exercise price of $68.83, expiring on September 9, 2029, and 20,212 NQ Options with an exercise price of $64.31, expiring on September 11, 2030.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the exercise of vested stock options and subsequent sale of shares, executed under a pre-arranged Rule 10b5-1 trading plan. This is a common practice for executive compensation and does not inherently indicate a positive or negative sentiment about the company's future performance or valuation.

Positives

• The transactions were conducted under a pre-established Rule 10b5-1 trading plan, indicating a pre-planned and routine nature rather than a reaction to recent events.
• The sale price of $225.56 per share is significantly higher than the exercise prices of $68.83 and $64.31, indicating a profitable transaction for the executive.

Negatives

• The sale of shares by an executive, even if pre-planned, represents a reduction in insider ownership.

Stakeholder Impact

• Shareholders: The transaction is a routine insider sale following option exercise, which typically has minimal direct impact on existing shareholders unless it signals a broader trend or significant change in insider holdings.

Key Dates

Recommendation

The filing details a routine insider transaction where an executive exercised vested stock options and sold a portion of the acquired shares under a pre-established 10b5-1 trading plan. This type of transaction is common for executive compensation and does not provide new fundamental information about the company's performance or outlook that would warrant a change in investment recommendation. Investors should consider broader company fundamentals and market conditions.

Keywords

Seagate Technology Holdings, STX, Insider Trading, Form 4, Stock Options, Share Sale, Teh Ban Seng, 10b5-1 Plan, Executive Compensation