Kristine C. Syrvalin - 04 Mar 2024 Form 4 Insider Report for TimkenSteel Corp (MTUS)

Signature
/s/ Kristine C. Syrvalin
Issuer symbol
MTUS
Transactions as of
04 Mar 2024
Net transactions value
-$183,451
Form type
4
Filing time
05 Mar 2024, 19:00:15 UTC
Previous filing
04 Mar 2024
Next filing
27 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTUS Common Shares Sale $183,451 -9,005 -9.1% $20.37 89,858 04 Mar 2024 Direct F1
holding MTUS Common Shares 5,588 04 Mar 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).

Explanation of Responses:

Id Content
F1 Price reported is the weighted average sale price for shares sold by the reporting owner on March 4, 2024. Shares were sold at a variety of prices ranging from $20.185 to $21.00.

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 24, 2023. All transactions reported herein were made pursuant to that plan.