Director Arumugavelu Shankar sold 5,000 shares of STX for $1,472,825 at $294.56; post-transaction holdings fell to 7,626 shares (-39.6%)
Arumugavelu Shankar (Director) executed a sale of 5,000 shares at $294.56, representing a -39.6% reduction in his post-transaction holdings to 7,626 shares. The transaction occurred near the 52-week high of $293.99, with Seagate's stock up +29.0% over the prior 30 days and +81.9% over 90 days. Fundamentals remain strong: latest quarterly revenue of $2,629,000,000 with net income of $549,000,000 and annual revenue growth of +38.9%. The sale scale and proximity to 52-week highs warrant observation of whether this reflects a one-time liquidity event or signals a shift in director positioning given the stock's rapid recent appreciation.