MARK D. MILLETT - 04 Apr 2022 Form 4 Insider Report for STEEL DYNAMICS INC (STLD)

Signature
Mark D. Millett
Issuer symbol
STLD
Transactions as of
04 Apr 2022
Transactions value $
$0
Form type
4
Filing time
06 Apr 2022, 15:34:09 UTC
Previous filing
16 Mar 2022
Next filing
28 Oct 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STLD Common Stock Gift $0 +12K +0.43% $0.00 2.82M 04 Apr 2022 Direct
transaction STLD Common Stock Gift $0 -12K -9.18% $0.00 119K 04 Apr 2022 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, and entitled to deferred reporting on year-end Form 5. On April 4, 2022, the reporting person, as sole trustee and annuitant under the GRAT, received 12,000 shares of Steel Dynamics, Inc. common stock in partial satisfaction of the GRAT's continuing 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. This report is voluntarily made.