Mark D. Millett - Mar 31, 2023 Form 4 Insider Report for STEEL DYNAMICS INC (STLD)

Signature
Mark D. Millett
Stock symbol
STLD
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 12:24 PM
Previous filing
Mar 15, 2023
Next filing
Apr 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STLD Common Stock Gift $0 +8.9K +0.31% $0.00 2.9M Mar 31, 2023 Direct
transaction STLD Common Stock Gift $0 -8.9K -7.5% $0.00 110K Mar 31, 2023 By grantor retained annuity trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 24, 2020, the reporting person contributed 150,000 shares of Steel Dynamics, Inc. common stock to a grantor retained annuity trust (GRAT), of which he is the sole trustee and annuitant, constituting a mere change in the form of beneficial ownership, exempt from both the reporting requirements of Section 16(a) and the short-swing profit recovery provisions of Section 16(b) by reason of Rule 16a-13. On March 31, 2023, the reporting person, as sole trustee and annuitant under the GRAT, received 8,900 shares of Steel Dynamics, Inc. common stock in satisfaction of the GRAT's annuity obligation, constituting a mere change of beneficiary ownership, exempt from both the reporting requirements and short-swing profits provision pursuant to SEC Rule 16a-13.