GONCALVES LOURENCO 4
4 · CLEVELAND-CLIFFS INC. · Filed Mar 8, 2024
Insider Transaction Report
Form 4
GONCALVES LOURENCO
DirectorChairman, President & CEO
Transactions
- Sale
Common Shares
2024-03-06$20.19/sh−187,136$3,778,276→ 2,699,089 total - Exercise/Conversion
Common Shares
2024-03-06$7.70/sh+187,136$1,440,947→ 2,886,225 total - Exercise/Conversion
Employee Stock Options (right-to-buy)
2024-03-06−187,136→ 0 totalExercise: $7.70From: 2017-12-31Exp: 2025-01-11→ Common Shares (187,136 underlying)
Holdings
- 2,101,200(indirect: By Trust)
Common Shares
- 898,800(indirect: By Trust)
Common Shares
Footnotes (3)
- [F1]This transaction represents the exercise of compensatory stock options, the expiration date of which is January 11, 2025.
- [F2]The price reported in column four is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.36, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within this range.
- [F3]For purposes of clarity, the aggregate number of common shares and share equivalents held both directly and indirectly by the Reporting Person as shown on this Form 4 is 5,699,089.