Richard P. Teets Jr - Nov 6, 2025 Form 4 Insider Report for STEEL DYNAMICS INC (STLD)

Role: Director
Signature: /s/ Richard P. Teets, Jr.
Stock symbol: STLD
Transactions as of: Nov 6, 2025
Transactions value $: $0
Form type: 4
Date filed: 11/6/2025, 04:00 PM
Previous filing: Oct 14, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
TEETS RICHARD P JR	Director	7575 W. JEFFERSON BLVD., FORT WAYNE	/s/ Richard P. Teets, Jr.	2025-11-06	0001195950

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STLD	Common Stock	Award	$0	+244	+0%	$0.00	4.98M	Nov 6, 2025	Direct	F1
holding	STLD	Common Stock						93.1K	Nov 6, 2025	By spouse
holding	STLD	Common Stock						73K	Nov 6, 2025	By Teets Family Foundation	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Issued as deferred stock units (DSUs) in connection with reporting person's retainer, as a director, under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). These DSUs are reportable, however, as directly owned shares of common stock, rather than as derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock. (See Lincoln National Corp. (March 20, 1992) (Q.3)
F2	Represents securities held by the Teets Family Foundation, a charitable foundation of which the reporting person is a member and director. The reporting person has voting and investment power over all securities owned by the foundation.

Content

Issued as deferred stock units (DSUs) in connection with reporting person's retainer, as a director, under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). These DSUs are reportable, however, as directly owned shares of common stock, rather than as derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock. (See Lincoln National Corp. (March 20, 1992) (Q.3)

Represents securities held by the Teets Family Foundation, a charitable foundation of which the reporting person is a member and director. The reporting person has voting and investment power over all securities owned by the foundation.