[Form 4] GrafTech International Ltd. Insider Trading Activity

Rhea-AI Filing Summary

Mativ Holdings, Inc. (MATV) filed a Form 4 disclosing that non-employee director John K. Stipancich received 18,328 shares of common stock on 1 July 2025. The award represents the board’s annual equity retainer and is structured as restricted stock units (RSUs) that will vest on 1 July 2026 under the company’s Outside Director Stock Plan. Following the grant, Stipancich’s total beneficial ownership stands at 34,441 shares held directly. The RSUs were valued for reporting purposes at $6.82 per share, implying an award size of roughly $125,000. No derivative securities, open-market purchases, sales, or option exercises were reported, and no other insiders were involved. Because the transaction is routine director compensation rather than a discretionary insider purchase, it is unlikely to have a material impact on MATV’s share-price outlook or capital structure.

Insights

Financial Analyst

TL;DR: Routine RSU grant; increases director’s stake to 34,441 shares; neutral for valuation.

The filing shows a standard board retainer paid in equity rather than cash. While the grant modestly aligns director incentives with shareholders, it does not signal incremental confidence through open-market buying. The 18,328-share award (<~$125k) is immaterial to MATV’s 55 million share count and has negligible dilution. As such, the information is neutral for earnings estimates, liquidity, or strategic direction.

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^*

Dumas Michel J.

(Last) (First) (Middle)

C/O GRAFTECH INTERNATIONAL LTD.

982 KEYNOTE CIRCLE

(Street)

BROOKLYN HEIGHTS OH 44131

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GRAFTECH INTERNATIONAL LTD [ EAF ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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

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

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

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

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
Deferred Share Units	(1)	06/30/2025		A		16,108.2474		(2)	(2)	Common Stock	16,108.2474	$0	154,462.3214	D

Explanation of Responses:

1. Each deferred share unit (DSU) represents a contingent right to receive one share of EAF common stock.

2. DSUs are fully vested. Vested deferred share units will be settled in whole shares of common stock which will be delivered to the reporting person as soon as practicable after the reporting person terminates service as a director of the company but in any event no later than the end of the calendar year in which such termination date occurs.

Remarks:

	/s/ Andrew J. Renacci, by power of attorney	07/02/2025
	** 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.

FAQ

What insider transaction did MATV report on 1 July 2025?

Director John K. Stipancich acquired 18,328 RSUs as part of his annual board retainer.

At what price were the MATV RSUs valued in the Form 4?

The RSUs were reported at $6.82 per share for filing purposes.

How many MATV shares does the director now own after the grant?

Stipancich’s total beneficial ownership is 34,441 common shares.

When will the newly awarded MATV RSUs vest?

The RSUs vest on 1 July 2026.

Does the Form 4 indicate any open-market purchases or sales?

No, only a compensatory RSU grant was reported; there were no open-market trades.