Kristopher R. Westbrooks - May 10, 2024 Form 4 Insider Report for Metallus Inc. (MTUS)

Signature
/s/ Kristine C. Syrvalin, as Attorney-in-Fact
Stock symbol
MTUS
Transactions as of
May 10, 2024
Transactions value $
-$148,428
Form type
4
Date filed
5/10/2024, 07:00 PM
Previous filing
Mar 5, 2024
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTUS Common Shares Options Exercise $103K +8.27K +4.44% $12.45* 194K May 10, 2024 Direct
transaction MTUS Common Shares Sale -$251K -10.9K -5.62% $23.02* 184K May 10, 2024 Direct F1

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 MTUS Nonqualified Stock Option (Right to buy) Options Exercise $0 -8.27K -33.33% $0.00 16.6K May 10, 2024 Common Shares 8.27K $12.45 Direct F2
* 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 May 10, 2024. Shares were sold at a variety of prices ranging from $23.00 to $23.45.
F2 Vested 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 pursuant to that plan.