Form 4: Seagate Director Michael Cannon Sells Over 24,000 Shares

Seagate Technology Holdings plc Director Michael R. Cannon reported the sale of 24,190 ordinary shares at a price of $119.0015 per share on June 2, 2025.

Summary

• Michael R. Cannon, a Director of Seagate Technology Holdings plc (STX), reported a transaction involving the sale of ordinary shares.
• On June 2, 2025, Mr. Cannon disposed of 24,190 ordinary shares.
• The shares were sold at a price of $119.0015 per share, totaling approximately $2,878,626.19.
• Following this transaction, Michael R. Cannon beneficially owns 10,835 ordinary shares directly.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider transaction (sale of shares) and does not inherently convey positive or negative sentiment about the company's performance or outlook. It simply reports a change in beneficial ownership.

Negatives

• A director, Michael R. Cannon, sold a significant number of shares (24,190) in Seagate Technology Holdings plc.

Future Outlook

NA

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It is a routine disclosure of a director's shareholding change.

Stakeholder Impact

• Shareholders may note the sale of shares by a company director, which can sometimes be interpreted as a signal regarding the director's view on the company's future prospects or valuation.

Key Dates

Keywords

Seagate Technology Holdings plc, STX, Form 4, Insider Trading, Share Sale, Director, Michael R. Cannon, Ordinary Shares