Kevin A. Raketich - 16 Jan 2024 Form 4 Insider Report for TimkenSteel Corp (MTUS)

Signature
/s/ Kristine C. Syrvalin, as Attorney-in-Fact
Issuer symbol
MTUS
Transactions as of
16 Jan 2024
Net transactions value
-$40,840
Form type
4
Filing time
16 Jan 2024, 18:00:06 UTC
Previous filing
18 Dec 2023
Next filing
07 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMST Common Shares Sale $40,840 -2,000 -2.4% $20.42 80,902 16 Jan 2024 Direct
holding TMST Common Shares 1,842 16 Jan 2024 by 401(k) plan
* 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).

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 21, 2023. All transactions reported herein were made pursuant to that plan.