GONCALVES LOURENCO 4

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.