Kristopher R. Westbrooks - 27 Nov 2023 Form 4 Insider Report for TimkenSteel Corp (MTUS)

Role: EVP, Chief Financial Officer
Signature: /s/ Kristine C. Syrvalin, as Attorney-in-Fact
Issuer symbol: MTUS
Transactions as of: 27 Nov 2023
Net transactions value: -$179,818
Form type: 4
Filing time: 27 Nov 2023, 17:00:24 UTC
Previous filing: 03 Mar 2023
Next filing: 18 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMST	Common Shares	Options Exercise	$62,131	+11,812	+6.9%	$5.26^*	183,275	27 Nov 2023	Direct
transaction	TMST	Common Shares	Sale	$241,949	-11,812	-6.4%	$20.48	171,463	27 Nov 2023	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	TMST	Nonqualified Stock Option (Right to buy)	Options Exercise	$0	-11,812	-17%	$0.000000	56,188	27 Nov 2023	Common Shares	11,812	$5.26	Direct	F2

* 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 November 27, 2023. Shares were sold at a variety of prices ranging from $20.34 to $20.56.
F2	Vests in four equal annual installments beginning March 2, 2021.

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 29, 2023. All transactions reported herein were made pursuant to that plan.