Seagate (STX) Director Yolanda Conyers Sells 750 Shares

What Happened
Director Yolanda Lee Conyers reported an open‑market sale of 750 Seagate (STX) shares on 2026-06-01 at $885.33 per share, resulting in proceeds of $663,998. This was a sale (not a purchase), which is often routine and may reflect portfolio diversification or plan-driven selling rather than a sentiment signal.

Key Details

• Transaction date and price: 2026-06-01, 750 shares at $885.33 each (total $663,998).
• Transaction type: Sale (open market or private sale as reported).
• Filing date: Form 4 filed 2026-06-02 (one day after the transaction) — appears timely under Form 4 rules.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Ms. Conyers on August 4, 2025 (pre‑arranged trading plan).

Context

• Because the sale was under a 10b5-1 plan, it was pre‑planned and generally considered routine trading rather than an ad hoc insider sale.
• Sales by directors are common and do not necessarily indicate negative views on the company; purchases are typically more informative about insider confidence.