Mark D. Millett - Apr 6, 2023 Form 4 Insider Report for STEEL DYNAMICS INC (STLD)

Role: Chairman and CEO
Signature: Mark D. Millett
Stock symbol: STLD
Transactions as of: Apr 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/6/2023, 04:31 PM
Previous filing: Apr 4, 2023
Next filing: Jun 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STLD	Common Stock	Gift	$0	-110K	-100%	$0.00^*	0	Apr 6, 2023	By grantor retained annuity trust	F1
holding	STLD	Common Stock						2.9M	Apr 6, 2023	Direct

* 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. Previously, 40,200 shares of Steel Dynamics, Inc. common stock were distributed to reporting person in satisfaction of the GRAT's annuity obligations, and previously reported on separate Form 4s, constituting a mere change of beneficiary ownership, exempt from both the reporting requirements and short-swing profits provision pursuant to SEC Rule 16a-13. Upon termination of the trust, 109,800 shares were transferred on April 6, 2023 to the reporting person's children, as beneficiaries under the trust.

Content

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. Previously, 40,200 shares of Steel Dynamics, Inc. common stock were distributed to reporting person in satisfaction of the GRAT's annuity obligations, and previously reported on separate Form 4s, constituting a mere change of beneficiary ownership, exempt from both the reporting requirements and short-swing profits provision pursuant to SEC Rule 16a-13. Upon termination of the trust, 109,800 shares were transferred on April 6, 2023 to the reporting person's children, as beneficiaries under the trust.