A Form 4 filed on August 14, 2026, reports that Teh Ban Seng, Executive Vice President and Chief Commercial Officer of Seagate Technology Holdings plc (NASDAQ:STX), exercised stock options and sold ordinary shares on August 13, 2026.

Key Highlights

  • Three option exercises: Teh exercised NQ Options covering 1,597 shares at $68.83, 2,636 shares at $64.31, and 1,769 shares at $101.34, all on August 13, 2026.
  • Share sales: Teh disposed of 6,002 ordinary shares at $920.14 and 1,359 shares at a weighted average price of $923.7291.
  • Remaining direct ownership: Following all reported transactions, Teh directly held 2,931 ordinary shares.
  • Remaining options: After the exercises, Teh held 533 NQ Options at $68.83, 11,424 at $64.31, and 14,740 at $101.34.
  • Weighted average sale price detail: The 1,359 shares were sold in multiple trades ranging from $923.43 to $923.77, with $923.7291 reflecting the weighted average.
  • Plan basis: All options were granted under the Seagate Technology plc 2022 Equity Incentive Plan and carry four-year vesting schedules.

Option Exercises and Share Dispositions by Seagate's Chief Commercial Officer

According to the filing, Teh Ban Seng, identified as EVP and Chief Commercial Officer of Seagate Technology Holdings plc, executed five transactions on August 13, 2026. Three were option exercises (transaction code M): 1,597 shares acquired at $68.83, 2,636 shares at $64.31, and 1,769 shares at $101.34. Two were open-market sales (transaction code S): 6,002 shares disposed of at $920.14 per share and 1,359 shares disposed of at a weighted average of $923.7291 per share.

The filing discloses that options exercised were granted under the Seagate Technology plc 2022 Equity Incentive Plan. Each grant carries a four-year vesting schedule: one-quarter vested on a specified cliff date and the remainder vests in equal monthly installments over the following 36 months. The cliff dates are September 9, 2023 for the $68.83 options, September 11, 2024 for the $64.31 options, and September 9, 2025 for the $101.34 options, with expiration dates of September 9, 2029, September 11, 2030, and September 9, 2031, respectively.

After the reported transactions, the filing states that Teh directly held 2,931 ordinary shares. Remaining unexercised NQ Options stood at 533 (exercise price $68.83), 11,424 (exercise price $64.31), and 14,740 (exercise price $101.34), all held directly. The form was signed by Louis J. Thorson as Attorney-in-Fact for Ban Seng Teh and filed on August 14, 2026.

What Was Disclosed

The filing reports five transactions by Seagate's EVP and Chief Commercial Officer on August 13, 2026: three NQ Option exercises totaling 6,002 shares acquired and two open-market sales totaling 7,361 shares disposed of, leaving a direct holding of 2,931 ordinary shares.