Barbara Smith - Jun 27, 2023 Form 4 Insider Report for COMMERCIAL METALS Co (CMC)

Signature
By: Jody K. Absher For: Barbara R. Smith
Stock symbol
CMC
Transactions as of
Jun 27, 2023
Transactions value $
-$2,532,500
Form type
4
Date filed
6/28/2023, 05:30 PM
Previous filing
Jan 5, 2023
Next filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMC Common Stock Sale -$2.53M -50K -10.34% $50.65 434K Jun 27, 2023 By Limited Partnership F1, F2
holding CMC Common Stock 228K Jun 27, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by MBS Family Investments, LP on March 27, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.12 to $51.01, inclusive. The reporting person undertakes to provide to CMC, any security holder of CMC, 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 to this Form 4.