Michael S. Williams - Jan 23, 2024 Form 4 Insider Report for TimkenSteel Corp (TMST)

Signature
/s/ Kristine C. Syrvalin, as Attorney-in-Fact
Stock symbol
TMST
Transactions as of
Jan 23, 2024
Transactions value $
-$24,213
Form type
4
Date filed
1/24/2024, 07:00 PM
Previous filing
Jan 12, 2024
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMST Common Shares Sale -$24.2K -1.15K -0.32% $21.00 357K Jan 23, 2024 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).

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 pursuant to that plan.