Seagate CEO Sells $20 Million Stake in March: Exchange Fund and On-Market Sales

Seagate Technology Holdings plc (Nasdaq: STX) CEO William D. Mosley sold approximately 19,000 common shares on March 2 under a pre-established Rule 10b5-1 trading plan, generating roughly $7.5 million in proceeds. He followed up on March 19 by contributing about 24,000 common shares to an exchange fund, raising around $10 million and reducing his direct stake to approximately 375,000 shares—still valued at about $150 million. On the same day, insider Yolanda Lee Conyers also sold a small position under a prearranged plan, netting roughly $300,000.

In the first quarter of fiscal 2026, ended October 3, 2025, Seagate reported revenue of $2.6 billion and net income of $500 million, marking year-over-year growth in both sales and earnings. In January, global brokerages including Citigroup maintained “buy” ratings on Seagate and raised their price targets, reflecting continued positive outlooks.

Founded in 1979, Seagate is a leading manufacturer of hard disk drives and large-scale data storage solutions. The company is legally headquartered in Dublin, Ireland, with operational headquarters in Fremont, California. Seagate supplies enterprise and cloud data centers worldwide and, alongside Western Digital, occupies one of the two dominant positions in the global HDD market.