Form 4: Cleveland-Cliffs EVP Sells Over 120,000 Shares in Open Market Transaction

James D. Graham, Executive Vice President, Chief Legal Administrative Officer, and Secretary of Cleveland-Cliffs Inc., reported the sale of 120,000 common shares of the company's stock.

Summary

• James D. Graham, EVP Chief Legal Admin & Secretary of Cleveland-Cliffs Inc. (CLF), disposed of 120,000 common shares.
• The transaction occurred on May 23, 2025.
• The shares were sold at a weighted average price of $6.8503 per share, with prices ranging from $6.85 to $6.86.
• The total value of the shares sold is approximately $822,036.
• Following this transaction, Mr. Graham directly beneficially owns 492,248.792 common shares of Cleveland-Cliffs Inc.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the insider sale, which can sometimes be interpreted as a bearish signal, though it's a single transaction and not necessarily indicative of company performance.

Negatives

• An executive's sale of a significant number of shares can sometimes be interpreted by the market as a lack of confidence in the company's near-term prospects, although this is not always the case and can be for personal financial planning reasons.

Risks

• Potential negative market perception or investor sentiment due to insider selling, which could put downward pressure on the stock price.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context. Cleveland-Cliffs Inc. operates in the steel and mining industry.

Stakeholder Impact

• Shareholders may view this insider sale as a signal, potentially influencing their investment decisions or perception of management's confidence in the company.

Key Dates

Recommendation

Keywords

Cleveland-Cliffs, CLF, Insider Trading, Form 4, Stock Sale, Executive Transaction, Beneficial Ownership, James D. Graham