GONCALVES LOURENCO 4
4 · CLEVELAND-CLIFFS INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Cleveland-Cliffs (CLF) CEO Lourenco Sells 3M Shares
What Happened
Lourenco Goncalves, Chairman, President & CEO of Cleveland‑Cliffs (CLF), sold 3,000,000 shares on February 11, 2026. The weighted average sale price reported was $12.42 per share, for total proceeds of approximately $37,257,300. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date: 2026-02-11 (reported on the same date).
- Transaction type: Open‑market sale (code S), 3,000,000 shares.
- Price: weighted average $12.42; individual trades ranged from $12.20 to $12.96 (footnote F1).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Filing timeliness: Reported for the same period date (no late filing indicated).
- Footnote: Reporting person will supply breakdown of number of shares sold at each price on request.
Context
Sales by executives are common and do not by themselves indicate company performance or insider sentiment. No 10b5‑1 plan or tax‑withholding details are specified in the excerpt, and the filing does not state any reason for the sale.
Insider Transaction Report
Form 4
GONCALVES LOURENCO
DirectorChairman, President & CEO
Transactions
- Sale
Common Shares
[F1]2026-02-11$12.42/sh−3,000,000$37,257,300→ 0 total(indirect: By Trust)
Holdings
- 3,015,486
Common Shares
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.20 to $12.96, 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Signature
/s/ James D. Graham by Power of Attorney|2026-02-11