Thread regarding Seagate Technology Inc. layoffs

C-levels selling their shares

Dave, BS & CFO all have sold millions worth of their shares this month. Saw the public notifications when I looked up my stock accounts. Dave = ~$17M (what the heck?!), BS = $1-2M & CFO = $4-5M. What’s going on?

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| 2581 views | | 7 replies (last December 24, 2023) | Reply
Post ID: @OP+1qdxtfnK

7 replies (most recent on top)

Given the market, you're an id--t if you're not taking every share of STX you can and putting it where it will grow. AI is not benefitting HDD storage.

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Post ID: @1gyw+1qdxtfnK

I am one of the id--ts. can they not decide ahead of time not to sell but keep as part of the 10b5-1?

it is not duty to max out selling in 10b5-1

just another id--t. merry Xmas

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Post ID: @1ehr+1qdxtfnK

Proof id--ts post here. All the execs are on a 10b5-1. Merry Christmas.

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Post ID: @1snn+1qdxtfnK

Stock is high, people sell. Can be hard for some to grasp

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Post ID: @wfk+1qdxtfnK

Why cry on them..

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Post ID: @hae+1qdxtfnK

dump first run later

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Post ID: @qtj+1qdxtfnK

Taxes on dividends - lol.

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Post ID: @wqb+1qdxtfnK

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