Lee James Ci

EVP & CLO Lee James Ci sells ~$517K in STX shares near 52-week highs; stock up sharply in recent months, fundamentals show revenue headwinds.

Lee James Ci, Seagate's Executive Vice President and Chief Legal Officer, sold nearly $517K worth of shares — representing roughly two-thirds of his holdings — at a time when the stock is trading at its 52-week high following a sharp rally over the past few months. This timing is notable: Ci has a track record of selling this stock, and his most recent prior sale occurred last summer with mixed outcomes that are still being evaluated. While the company remains profitable, it is facing significant revenue pressure, yet the stock's valuation has expanded considerably even as fundamentals show headwinds. The sale appears to reflect portfolio rebalancing or risk management by an insider selling into strength, rather than conviction in the underlying business direction.

STX Chief Legal Officer Lee James CI sold 4,625 shares for $714,144.62 on 2025-07-31 and 2025-08-01, reducing holdings by 94.7%.

Lee James CI executed 7 separate sales totaling 4,625 shares for $714,144.62 across two trading days, bringing his post-transaction holdings from 4,882 shares to 257 shares—a 94.7% reduction in position size. The sales occurred at prices ranging from $148.87 to $156.57, with a blended average of $154.41, near the current price of $154.81 and within 1.4% of the 52-week high of $157.01. The magnitude of this divestiture—elimination of nearly the entire holding—stands in material contrast to the company's recent operational momentum: Seagate reported 38.9% annual revenue growth, a P/E of 12.53, and strong quarterly profitability of $340.0M on $2.2B revenue. The timing coincides with a 90-day gain of 64.9%, placing the sale in a period of substantial appreciation.