Lourenco Goncalves - Jan 3, 2025 Form 4 Insider Report for CLEVELAND-CLIFFS INC. (CLF)

Signature
/s/ James D. Graham by Power of Attorney
Stock symbol
CLF
Transactions as of
Jan 3, 2025
Transactions value $
-$633,289
Form type
4
Date filed
1/7/2025, 07:07 PM
Previous filing
May 1, 2024

Transactions Table

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the mandatory surrender of shares underlying restricted share units in payment of the related tax liability incurred on January 3, 2025 in connection with payout of the restricted share units.
F2 Reflects the exempt change in form of beneficial ownership for 898,800 Issuer common shares received by the Reporting Person from a 2022 grantor retained annuity trust since the date of the Reporting Person's last filed Form 4. These 898,800 Issuer common shares were previously reflected as being held indirectly through the 2022 grantor retained annuity trust.
F3 Reflects the exempt change in form of beneficial ownership for 876,683 Issuer common shares received by the Reporting Person from a 2023 grantor retained annuity trust since the date of the Reporting Person's last filed Form 4. These 876,683 Issuer common shares were previously reflected as being held indirectly through the 2023 grantor retained annuity trust.
F4 Reflects the Reporting Person's exempt contribution of 1,775,483 Issuer common shares to a 2024 grantor retained annuity trust since the date of the Reporting Person's last filed Form 4. These 1,775,483 Issuer common shares, described in footnotes two and three, were previously reflected as being held indirectly through the 2022 grantor retained annuity trust and 2023 grantor retained annuity trust.