KRISTOPHER R. WESTBROOKS - 16 Jul 2024 Form 4 Insider Report for Metallus Inc. (MTUS)

Role: EVP, Chief Financial Officer
Signature: /s/ Kristine C. Syrvalin, as Attorney-in-Fact
Issuer symbol: MTUS
Transactions as of: 16 Jul 2024
Net transactions value: -$271,583
Form type: 4
Filing time: 16 Jul 2024, 20:00:05 UTC
Previous filing: 16 May 2024
Next filing: 13 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTUS	Common Shares	Options Exercise	$25,238	+1,760	+0.99%	$14.34^*	179,681	16 Jul 2024	Direct
transaction	MTUS	Common Shares	Options Exercise	$77,290	+6,208	+3.5%	$12.45^*	185,889	16 Jul 2024	Direct
transaction	MTUS	Common Shares	Sale	$183,264	-7,968	-4.3%	$23.00^*	177,921	16 Jul 2024	Direct
transaction	MTUS	Common Shares	Sale	$190,847	-8,279	-4.7%	$23.05^*	169,642	16 Jul 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	-6,208	-38%	$0.000000	10,344	16 Jul 2024	Common Shares	6,208	$12.45	Direct	F2
transaction	MTUS	Nonqualified Stock Option (Right to buy)	Options Exercise	$0	-1,760	-25%	$0.000000	5,280	16 Jul 2024	Common Shares	1,760	$14.34	Direct	F3

* 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 July 16, 2024. Shares were sold at a variety of prices ranging from $23.00 to $23.12.
F2	Vested in four equal annual installments beginning March 1, 2020.
F3	Vested in four equal annual installments beginning September 24, 2019.

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 March 7, 2024. All transactions reported herein were made pursuant to that plan.