Kristopher R. Westbrooks - 27 Dec 2023 Form 4 Insider Report for TimkenSteel Corp (MTUS)

Role: EVP, Chief Financial Officer
Signature: /s/ Kristine C. Syrvalin, as Attorney-in-Fact
Issuer symbol: MTUS
Transactions as of: 27 Dec 2023
Net transactions value: -$270,780
Form type: 4
Filing time: 27 Dec 2023, 17:52:21 UTC
Previous filing: 18 Dec 2023
Next filing: 29 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMST	Common Shares	Options Exercise	$31,066	+5,906	+3.4%	$5.26	177,369	27 Dec 2023	Direct
transaction	TMST	Common Shares	Options Exercise	$31,066	+5,906	+3.3%	$5.26	183,275	27 Dec 2023	Direct
transaction	TMST	Common Shares	Options Exercise	$51,506	+4,137	+2.3%	$12.45	187,412	27 Dec 2023	Direct
transaction	TMST	Common Shares	Sale	$142,189	-5,906	-3.2%	$24.08	181,506	27 Dec 2023	Direct	F1
transaction	TMST	Common Shares	Sale	$142,635	-5,906	-3.3%	$24.15	175,600	27 Dec 2023	Direct	F2
transaction	TMST	Common Shares	Sale	$99,594	-4,137	-2.4%	$24.07	171,463	27 Dec 2023	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TMST	Nonqualified Stock Option (Right to buy)	Options Exercise	$0	-5,906	-11%	$0.000000	46,762	27 Dec 2023	Common Stock	5,906	$5.26	Direct	F4
transaction	TMST	Nonqualified Stock Option (Right to buy)	Options Exercise	$0	-5,906	-13%	$0.000000	40,856	27 Dec 2023	Common Stock	5,906	$5.26	Direct	F4
transaction	TMST	Nonqualified Stock Option (Right to buy)	Options Exercise	$0	-4,137	-14%	$0.000000	24,826	27 Dec 2023	Common Shares	4,137	$12.45	Direct	F5

* 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	Price reported is the weighted average sale price for shares sold by the reporting owner on December 27, 2023. Shares were sold at a variety of prices ranging from $23.90 to $24.15.
F2	Price reported is the weighted average sale price for shares sold by the reporting owner on December 27, 2023. Shares were sold at a variety of prices ranging from $24.035 to $24.24.
F3	Price reported is the weighted average sale price for shares sold by the reporting owner on December 27, 2023. Shares were sold at a variety of prices ranging from $24.06 to $24.12.
F4	Vests in four equal annual installments beginning March 2, 2021.
F5	Vests in four equal annual installments beginning March 1, 2020.

Remarks:

The reporting person adopted a written plan for the sale of the Company's common shares intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) on August 29, 2023. All transactions reported herein were made purusant to that plan.