Seagate Technology: director Bhatt Prat sold 380 shares

What happened Bhatt Prat, a director, sold 380 shares on Oct 24, 2026 to satisfy tax withholding, receiving $239,586. The filing also reports exercise/conversion of derivatives for 1,580 shares (acquired) at $0.00, a derivative disposition of 1,580 shares at $0.00, and a grant/award of 345 restricted share units (RSUs) at $0.00.

Key details

• Transaction date: Oct 24, 2026. Prices/amounts reported: 1,580 shares acquired (M) @ $0.00; 380 shares disposed (F) @ $630.49 for $239,586; 1,580 shares disposed (M, derivative) @ $0.00; 345 shares acquired (A) @ $0.00.
• Filing date: Oct 26, 2026. The filing does not indicate a late filing.
• Shares owned after the transactions: not reported in this filing.
• Footnote F1: RSUs awarded Oct 25, 2025 under the 2022 Equity Incentive Plan; each RSU represents a contingent right to one ordinary share; release subject to continued service and timing rules (earlier of one year from grant or next annual general meeting after fiscal year end Jul 3, 2026, with a 50-week meeting timing condition).
• Footnote F2: RSUs awarded Oct 24, 2026 under the 2022 Equity Incentive Plan; each RSU represents a contingent right to one ordinary share; release subject to continued service and timing rules (earlier of one year from grant or next annual general meeting after fiscal year end Jul 2, 2027, with a 50-week meeting timing condition).

Why it may matter

• The filing shows exercised/converted derivatives (code M) and a sale of shares to cover tax withholding (code F), i.e., shares were sold to satisfy tax obligations (cashless exercise).
• The grant of RSUs (code A) is an equity award, not a market purchase.
  A filing does not show why the insider traded or why the company acted.