Cleveland-Cliffs (NYSE: CLF) director awarded 15,334 restricted 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 15,334 restricted common shares as part of his 2026 director compensation. The shares were awarded at no cash cost to him and were issued under the company’s 2021 Nonemployee Directors' Compensation Plan. Following this award, he directly holds 123,108 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bloom Ron A.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	15,334	$0.00	--

Holdings After Transaction: Common Shares — 123,108 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted share grant: 15,334 shares Grant price: $0.00 per share Shares held after grant: 123,108 shares

3 metrics

Restricted share grant 15,334 shares 2026 Director Restricted Shares grant

Grant price $0.00 per share Compensation award, non-cash

Shares held after grant 123,108 shares Direct common share holdings after transaction

Key Terms

restricted shares, 2026 Director Restricted Shares, 2021 Nonemployee Directors' Compensation Plan, Form 4

4 terms

restricted shares financial

"Reflects the number of restricted shares granted to the Reporting Person"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

2026 Director Restricted Shares financial

"granted to the Reporting Person as the 2026 Director Restricted Shares"

2021 Nonemployee Directors' Compensation Plan financial

"pursuant to the 2021 Nonemployee Directors' Compensation Plan"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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)
04/21/2026

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	04/21/2026		A		15,334(1)	A	$0	123,108	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 restricted shares granted to the Reporting Person as the 2026 Director Restricted Shares pursuant to the 2021 Nonemployee Directors' Compensation Plan.

Remarks:

	/s/ James D. Graham by Power of Attorney	04/23/2026
	** 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)

FAQ

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

Cleveland-Cliffs reported that director Ron A. Bloom received 15,334 restricted common shares as a 2026 director award. The shares were granted at no cash cost and increase his direct holdings to 123,108 common shares under the company’s 2021 Nonemployee Directors' Compensation Plan.

How many Cleveland-Cliffs (CLF) shares did Ron A. Bloom acquire in this filing?

Ron A. Bloom acquired 15,334 restricted common shares in this transaction. These shares represent a stock-based compensation award for 2026 director service, rather than an open-market purchase, and were granted under the 2021 Nonemployee Directors' Compensation Plan.

What are Ron A. Bloom’s holdings in Cleveland-Cliffs (CLF) after the grant?

After the restricted share grant, Ron A. Bloom directly holds 123,108 Cleveland-Cliffs common shares. This total includes the newly awarded 15,334 restricted shares reported in the Form 4 as his 2026 director restricted share grant under the company’s nonemployee director plan.

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

The Form 4 shows a grant of 15,334 restricted shares to Ron A. Bloom, not an open-market trade. The transaction is coded as an acquisition (A) representing a compensation-related award under the 2021 Nonemployee Directors' Compensation Plan rather than a market purchase or sale.

Under what plan were the Cleveland-Cliffs (CLF) restricted shares granted to Ron A. Bloom?

The 15,334 restricted shares granted to Ron A. Bloom were issued as the 2026 Director Restricted Shares under Cleveland-Cliffs’ 2021 Nonemployee Directors' Compensation Plan. The footnote specifies that this award reflects his director compensation terms for that plan year.