CLEVELAND-CLIFFS INC.·4

Jan 7, 6:54 PM ET

GONCALVES LOURENCO 4

4 · CLEVELAND-CLIFFS INC. · Filed Jan 7, 2026

Insider Transaction Report

Form 4
Period: 2026-01-05
GONCALVES LOURENCO
DirectorChairman, President & CEO
Transactions
  • Tax Payment

    Common Shares

    2026-01-05$13.20/sh84,229$1,111,8233,015,486 total
Holdings
  • Common Shares

    (indirect: By Trust)
    0
  • Common Shares

    (indirect: By Trust)
    0
  • Common Shares

    (indirect: By Trust)
    3,000,000
Footnotes (4)
  • [F1]Reflects the mandatory surrender of shares underlying restricted share units in payment of the related tax liability incurred on January 5, 2026 in connection with payout of the restricted share units.
  • [F2]Reflects the exempt change in form of beneficial ownership of all previously-held Issuer common shares since the date of the Reporting Person's last filed Form 4. These Issuer common shares were previously reflected as being held indirectly through the 2023 grantor retained annuity trust.
  • [F3]Reflects the exempt change in form of beneficial ownership of all previously-held Issuer common shares since the date of the Reporting Person's last filed Form 4. These Issuer common shares were previously reflected as being held indirectly through the 2024 grantor retained annuity trust.
  • [F4]Reflects the Reporting Person's exempt contribution of 3,000,000 Issuer common shares to a 2025 grantor retained annuity trust since the date of the Reporting Person's last filed Form 4.

Documents

1 file
  • 4
    wk-form4_1767830049.xmlPrimary

    FORM 4