Ellwood Group Investment Corp - Feb 27, 2025 Form 3 Insider Report for Metallus Inc. (MTUS)

Role: 10%+ Owner
Signature: ELLWOOD GROUP INVESTMENT CORP. By: /s/ Shariee Thalmann Name: Shariee Thalmann Title: Treasurer/Assistant Secretary
Stock symbol: MTUS
Transactions as of: Feb 27, 2025
Transactions value $: $0
Form type: 3
Date filed: 5/2/2025, 09:10 AM
SEC: View on sec.gov

Reporting Owners (2)

Name	Relationship	Address	Signature	Signature date	CIK
ELLWOOD GROUP INVESTMENT CORP	10%+ Owner	1105 N. MARKET STREET, PO BOX 8985, SUITE 1300, WILMINGTON	ELLWOOD GROUP INVESTMENT CORP. By: /s/ Shariee Thalmann Name: Shariee Thalmann Title: Treasurer/Assistant Secretary	2025-05-02	0001078448
Ellwood Group, Inc.	10%+ Owner	600 COMMERCIAL AVENUE, ELLWOOD CITY	ELLWOOD GROUP, INC. By: /s/ Craig Bicehouse Name: Craig Bicehouse Title: VP of Legal/Secretary	2025-05-02	0002066599

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MTUS	Common Shares						4.29M	Feb 27, 2025	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 27, 2025, Metallus Inc. (the "Issuer") filed its annual report on Form 10-K indicating that, due to share repurchases by the Issuer, the number of its outstanding Common Shares had been reduced to 42,116,424 shares as of February 17, 2025. As a result of the reduction in the outstanding Common Shares, the reporting person and joint filer's aggregate beneficial ownership increased to over 10%.
F2	The Common Shares are owned directly by Ellwood Group Investment Corp. ("EGIC"). EGIC's parent corporation, Ellwood Group, Inc. ("EGI"), is deemed to be the beneficial owner of the 4,285,026 Common Shares owned by EGIC. EGI's address is 600 Commercial Avenue, Ellwood City, PA 16117.
F3	The Articles of Incorporation of EGI provide that, in the election of directors, the holders of a majority of the outstanding shares of EGI's preferred stock, voting separately as a class, shall be entitled to elect a majority of the whole board of directors of EGI. Anna Barensfeld, an executive officer of EGI, may be deemed to be a person controlling EGI by virtue of her position as the trustee of the David E. Barensfeld Ellwood Preferred Stock Trust (the "Trust"), which is the owner of 100% of the issued and outstanding shares of preferred stock of EGI. Anna Barensfeld and Trust each disclaim beneficial ownership of any of the Issuer's securities to which this Form 3 relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of her or its pecuniary interest therein.