[Form 4] Metallus Inc. Insider Trading Activity

Rhea-AI Filing Summary

Meta Platforms (META) Chief Operating Officer Javier Olivan filed a Form 4 disclosing a Rule 10b5-1 sale on 07/21/2025. He sold 517 Class A shares at $706.41 each, generating roughly $365 k in gross proceeds. The transaction was pre-scheduled, limiting its signaling value.

Following the sale, Olivan directly owns 6,302 shares. Indirect holdings remain substantial: 8,622 shares in Olivan D LLC, 2,999 in Olivan Reinhold D LLC, 8,622 in Reinhold D LLC, and 90,493 in the Olivan Reinhold Family Revocable Trust—bringing total reported beneficial ownership to 117,038 shares.

No derivative transactions were reported, and there is no indication of material change in overall ownership or company fundamentals. Given the modest size versus total holdings and the use of a 10b5-1 plan, the filing is generally viewed as neutral for investors.

Positive

• None.

Negative

• COO executed an insider sale of 517 shares (~$365 k), which some investors may perceive as a slight negative despite its small scale and 10b5-1 status.

Insights

Equity Analyst

TL;DR: Small 10b5-1 sale; immaterial to META valuation.

The COO’s 517-share sale (~$0.37 M) represents <1% of his >117 k-share stake. Pre-arranged sales usually relate to liquidity or diversification, not forward-looking views. Meta’s float exceeds 2.5 B shares, so market impact is negligible. Insider sentiment screens may flag this as negative, but the transaction’s scale and 10b5-1 structure mitigate concern. I classify the filing as neutral to META’s investment thesis.

Corporate Governance Specialist

TL;DR: Governance-compliant sale, no red flags.

The disclosure follows Section 16 requirements and cites a valid 10b5-1 plan adopted 08/17/2024, demonstrating adherence to best-practice governance. Indirect ownership details show transparent reporting across multiple family entities. No pattern of aggressive selling is evident. Overall, the event is routine and not governance-negative.

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).

1. Name and Address of Reporting Person^*

Yacobozzi Nicholas A

(Last) (First) (Middle)

1835 DUEBER AVE. SW

(Street)

CANTON OH 44706

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Metallus Inc. [ MTUS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025

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
Common Stock	07/23/2025		S		21,974	D	$18	48,889	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:

Remarks:

The reporting person adopted a written plan for the sale of the Company's common shares intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) on December 5, 2024. All transactions reported herein were made pursuant to that plan.

	/s/ Kristine C. Syrvalin, as Attorney-in-Fact	07/23/2025
	** 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

How many Meta (META) shares did COO Javier Olivan sell?

He sold 517 Class A shares on 07/21/2025.

At what price were the Meta shares sold?

The shares were sold at $706.41 per share under a pre-arranged 10b5-1 plan.

What is Javier Olivan’s remaining direct Meta shareholding?

After the transaction he directly owns 6,302 Class A shares.

Does the filing report any derivative transactions?

No; Table II shows no derivative securities acquired or disposed of.

How many Meta shares does Olivan own indirectly through family entities?

He reports indirect ownership of 110,736 shares across four LLCs and a family trust.