Kevin A. Raketich - Nov 20, 2023 Form 4 Insider Report for TimkenSteel Corp (TMST)

Signature
/s/ Kristine C. Syrvalin, as Attorney-in-Fact
Stock symbol
TMST
Transactions as of
Nov 20, 2023
Transactions value $
-$41,260
Form type
4
Date filed
11/20/2023, 05:00 PM
Previous filing
Mar 3, 2023
Next filing
Dec 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMST Common Shares Sale -$41.3K -2K -2.25% $20.63 87.1K Nov 20, 2023 Direct
holding TMST Common Shares 1.84K Nov 20, 2023 By 401k Plan
* 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).

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 21, 2023.