Lee James CI 4

What Happened

• James Lee, EVP & Chief Legal Officer of Seagate Technology Holdings plc, had RSUs convert into ordinary shares and then sold a portion. On 2026-07-22 he converted/received 1,237 shares (recorded at $0.00, from vested RSUs). Some vested shares were withheld to satisfy tax withholding (disposed at $0.00). On 2026-07-23 he sold 542.25 shares in an open-market transaction at $905.01 per share for total proceeds of $490,741.

Key Details

• Transaction dates and prices:
  • 2026-07-22: Conversion/exercise of derivative (RSU conversion) — 1,237 shares acquired at $0.00.
  • 2026-07-22: Disposition of 1,237 shares at $0.00 (company-mandated withholding).
  • 2026-07-23: Open-market sale — 542.25 shares at $905.01 per share for $490,741 total.
• Shares owned after the transactions: Not specified in the provided filing.
• Footnotes of note:
  • F1: Sales were pursuant to issuer-mandated sell-to-cover solely to satisfy tax withholding obligations.
  • F2/F3: These shares originated from RSUs granted under the Seagate 2022 Equity Incentive Plan; RSUs vest on a quarterly schedule (one-quarter vested July 22, 2025, then quarterly thereafter).
• Filing timeliness: Form 4 was filed 2026-07-24 for transactions on 2026-07-22 and 07-23; this appears to be within the standard two-business-day reporting window.

Context

• The filing shows RSUs converting to ordinary shares (derivative conversion) with some shares withheld by the issuer to cover taxes, and a separate open-market sale of remaining vested shares. Sell-to-cover transactions to meet tax obligations are routine and do not necessarily indicate a change in insider sentiment.