Cleveland-Cliffs (CLF) director Bloom takes full Q3 retainer in 4,246 shares

Rhea-AI Filing Summary

Bloom Ron A. reported acquisition or exercise transactions in this Form 4 filing.

CLEVELAND-CLIFFS INC. director Ron A. Bloom received a grant of 4,246 common shares as part of his board compensation. The shares were issued at a value of $9.42 per share in payment of his quarterly retainer for the third quarter under the Nonemployee Director Retainer Share Election Program, which he elected at 100% in shares instead of cash. Following this grant, he directly holds 127,354 common shares.

Insider Trade Summary

Net Buyer: 4,246 shares

Net Buy 1 txn

Insider Bloom Ron A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	4,246	$9.42	$40K

Holdings After Transaction: Common Shares — 127,354 shares (Direct)

Footnotes (1)

1. F1. Reflects the number of common shares issued to the Reporting Person in payment of the Reporting Person's quarterly retainer in lieu of cash for the third quarter pursuant to the Reporting Person's election to participate in the Cleveland-Cliffs Inc. Nonemployee Director Retainer Share Election Program. The Reporting Person elected to participate in the Retainer Election Program at 100%.

Key Figures

Shares granted: 4,246 shares Grant value per share: $9.42 per share Post-transaction holdings: 127,354 shares +2 more

5 metrics

Shares granted 4,246 shares Quarterly director retainer for third quarter paid in stock

Grant value per share $9.42 per share Value assigned to common shares issued for retainer

Post-transaction holdings 127,354 shares Ron A. Bloom direct ownership after grant

Transaction code A (grant/award acquisition) Indicates compensation-related share acquisition

Retainer election 100% in shares Election under Nonemployee Director Retainer Share Election Program

Key Terms

Nonemployee Director Retainer Share Election Program, quarterly retainer, grant, award, or other acquisition

3 terms

Nonemployee Director Retainer Share Election Program financial

"pursuant to the Reporting Person's election to participate in the Cleveland-Cliffs Inc. Nonemployee Director Retainer Share Election Program"

quarterly retainer financial

"issued to the Reporting Person in payment of the Reporting Person's quarterly retainer in lieu of cash"

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

What did Cleveland-Cliffs (CLF) director Ron A. Bloom report in this Form 4?

Ron A. Bloom reported receiving 4,246 Cleveland-Cliffs common shares as compensation. The shares were issued instead of cash for his third-quarter director retainer, reflecting his election to take 100% of this retainer in stock under the company’s Nonemployee Director Retainer Share Election Program.

Was the Cleveland-Cliffs (CLF) Form 4 transaction an open-market buy or sell?

The transaction was not an open-market trade. Ron A. Bloom acquired 4,246 shares as a grant in lieu of cash director fees under a retainer share election program, meaning the shares were issued by the company as compensation rather than bought or sold in the market.

How many Cleveland-Cliffs (CLF) shares does Ron A. Bloom hold after this grant?

After receiving the 4,246-share grant, Ron A. Bloom directly holds 127,354 Cleveland-Cliffs common shares. This total reflects his updated direct ownership position as reported in the Form 4, incorporating the new compensation-related issuance from the quarterly retainer program.

What price per share was used for Ron A. Bloom’s Cleveland-Cliffs (CLF) grant?

The 4,246-share grant to Ron A. Bloom was reported at $9.42 per share. This figure represents the value used for the compensation entry on the Form 4, tied to his quarterly director retainer taken in stock instead of cash for the third quarter.

Why did Ron A. Bloom receive Cleveland-Cliffs (CLF) shares instead of cash?

Ron A. Bloom elected to receive his quarterly director retainer entirely in Cleveland-Cliffs common shares. Under the Nonemployee Director Retainer Share Election Program, he chose a 100% share election, so 4,246 shares were issued to him in lieu of a cash payment for the third quarter.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:55 PM Accepted by SEC EDGAR 07/02/2026 - 04:55 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Bloom Ron A.

(Last) (First) (Middle)

200 PUBLIC SQUARE

SUITE 3300

(Street)

CLEVELAND OHIO 44114

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CLEVELAND-CLIFFS INC. [ CLF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/01/2026		A		4,246(1)	A	$9.42	127,354	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the number of common shares issued to the Reporting Person in payment of the Reporting Person's quarterly retainer in lieu of cash for the third quarter pursuant to the Reporting Person's election to participate in the Cleveland-Cliffs Inc. Nonemployee Director Retainer Share Election Program. The Reporting Person elected to participate in the Retainer Election Program at 100%.

Remarks:

	/s/ James D. Graham by Power of Attorney	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)