KLINGLER JEFFREY R 4

What Happened

• Jeffrey R. Klingler, Chief Operating Officer of Worthington Steel, exercised options to acquire a total of 20,236 shares on June 1–2, 2026 (exercise prices ranged from $14.37 to $21.51; aggregate exercise cost ≈ $351,606). He then sold the same 20,236 shares in open-market transactions on June 1–2, 2026, generating gross proceeds of about $886,669 (weighted average sale price ≈ $43.8).
• The pattern shows option exercises followed by immediate open-market sales (i.e., a cashless-style exercise and sale). The reported sales were executed at weighted average prices reported in ranges (see footnotes).

Key Details

• Transaction dates: June 1–2, 2026.
• Exercises (acquired): 200 @ $21.51; 3,442 @ $18.64; 6,259 @ $21.51; 10,335 @ $14.37 (total 20,236 shares; total exercise cash ≈ $351,606).
• Sales (disposed): 200 @ weighted avg $43.00 (range $43.00–$43.96, F1); 14,008 @ weighted avg $43.52 (F1); 6,028 @ weighted avg $44.53 (range $44.02–$44.87, F2) — total sold 20,236 shares for ≈ $886,669.
• Footnotes: F1/F2 indicate reported sale prices are weighted averages across multiple executions (ranges provided). F3–F5 note the options were granted under the Worthington Steel 2023 Long Term Incentive Plan and describe vesting/ exercisability dates.
• Shares owned after the transactions are not provided in the data shown here — see the full Form 4 for post-transaction beneficial ownership.
• Filing: Form 4 dated June 3, 2026, reporting June 1–2 transactions — appears to have been filed within the standard Section 16 reporting window.

Context

• For retail investors: this was not a straight purchase of additional stake; Klingler exercised stock options (a derivative-to-equity conversion) and sold the resulting shares in the open market. Such transactions are commonly used to realize gains or cover option exercise costs/taxes and do not, by themselves, confirm a view on the company’s prospects.
• The filing shows the exercises and sales matched in quantity, consistent with a cashless exercise/sale. For full details (exact per-trade prices and post-transaction holdings), consult the complete SEC Form 4 (Accession No. 0001193125-26-255607).