EVP Global Operations Chong Kian Fatt sold 5,846 shares of STX for $2,434,740.33, reducing holdings to zero.
Chong Kian Fatt executed a complete exit from his STX position, divesting 5,846 shares at $416.48 on 2026-02-23 for $2,434,740.33. This represents a 100% reduction in his disclosed holdings. The sale occurred with STX trading at 55.6% higher than its 90-day prior level and -8.8% below its 52-week high, in a stock currently valued at $407.40. His prior two sales at STX yielded mixed timing outcomes: the October 2025 sale gained 62.8% over 90 days (poorly timed; stock rose after), while the March 2024 sale fell 4.4% over 90 days (well-timed; stock declined). A complete elimination of holdings by a senior operations executive warrants attention to whether operational or personal circumstances drove the decision, particularly given STX's strong recent momentum and elevated valuation metrics (P/E 58.79).
EVP Global Operations sells all 7,078 STX shares at $272.14; prior STX sale in Mar 2024 preceded 90d decline of -4.4%
Chong Kian Fatt, EVP Global Operations, liquidated his entire remaining position of 7,078 shares (7.1K shares) for $1.9M at $272.14 on 2025-10-30, eliminating his holdings entirely. This is noteworthy given his prior track record at Seagate: his previous STX sale in March 2024 was followed by a 90-day decline of -4.4%, and across his open-market history, his sells have been well-timed 100% of the time at the 90-day mark. The current sale occurs near the 52-week high (just 1.0% below the range ceiling of $268.34) and after a pronounced 90-day surge of +75.0%, creating an inflection point to monitor. While Seagate's fundamentals remain robust—Annual revenue growth of +38.9%, net income of $549.0M, and a market cap of $56.7B—the complete exit by a senior operational executive warrants attention to whether this signals a view on near-term valuation or broader business trajectory.
