$STX · Seagate Technology Holdings plc
Seagate CEO William Mosley exercised 177,000 options and immediately sold 97,889 shares at an average price of $772.14, generating $75.6 million in proceeds. The transaction was not executed under a pre-arranged 10b5-1 trading plan. Mosley retains 378,108 shares following the sale.
- CEO William Mosley exercised 177,000 options and sold 97,889 shares at an average price of $772.14.
- Total sale proceeds: $75,584,518.74.
- Post-transaction, Mosley holds 378,108 shares.
- The sale was not executed under a 10b5-1 trading plan.
- STX shares are up approximately 1.47% in the regular session to $783.18.
STX is down 0.73% from the filing-time price of $788.96 in after-hours trading. A $75.6M CEO sale without a 10b5-1 plan is a notable liquidity event, though the stock's $175.6B market cap and 1.47% regular-session gain suggest limited immediate disruption.
A $75.6M discretionary CEO sale without a 10b5-1 plan is a high-dollar insider signal that warrants investor attention despite the company's $175.6B market cap.
Seagate competes with Western Digital (WDC) in the data-storage sector, which has benefited from AI-driven demand for high-capacity drives. Insider selling at elevated valuations is worth monitoring across the peer group.
CEO sold outside a 10b5-1 plan, meaning the trade reflects a discretionary decision rather than a pre-scheduled divestiture — this can signal reduced insider confidence.
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