Steelcase (SCS) Director Acquires 2,197 Class A Shares — Form 4

Jennifer C. Niemann, a director of Steelcase Inc. (NYSE: SCS), acquired 2,197 shares of Class A common stock on 09/10/2025.

Rhea-AI Filing Summary

Jennifer C. Niemann, a director of Steelcase Inc. (NYSE: SCS), acquired 2,197 shares of Class A common stock on 09/10/2025. The Form 4 shows she directly beneficially owned 502,862 shares following the reported transaction and also reports multiple indirect holdings: 5,803 shares held by her spouse, 104,384 and 77,200 and 51,957 shares held by various trusts, 1,459,753 shares held by CRASTECOM B Limited Partnership, and 10,000 shares held by PILACON Limited Partnership. The filing notes Ms. Niemann’s roles with those trusts and partnerships and disclaims beneficial ownership of partnership-held shares except to the extent of her pecuniary interest. The Form 4 was executed by power of attorney on 09/12/2025.

Positive

• Acquisition disclosed: The filing reports an acquisition of 2,197 Class A shares on 09/10/2025.
• Comprehensive ownership disclosure: The Form 4 lists direct and multiple indirect holdings, including specific share counts for trusts and partnerships.
• Standard disclaimers included: The filing disclaims beneficial ownership of partnership-held shares except to the extent of pecuniary interest, providing clarity.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director reported a small open-market acquisition and disclosed extensive indirect holdings and ownership disclaimers.

The filing documents a 2,197-share acquisition of Class A common stock on 09/10/2025 by Director Jennifer C. Niemann and shows a detailed breakdown of direct and indirect beneficial ownership across trusts and limited partnerships. The disclosure of trusts and partnerships and the explicit disclaimer of beneficial ownership for partnership-held shares are standard governance practices that clarify voting and pecuniary interests. No derivative transactions, option grants, or dispositions are reported, limiting immediate governance or compensation implications.

Securities Analyst

TL;DR: Small acquisition reported; overall holdings are concentrated in indirect vehicles but no material change to outstanding shares.

The reported acquisition of 2,197 Class A shares is modest relative to the total indirect holdings reported (e.g., 1,459,753 shares in CRASTECOM B LP). The Form 4 contains clear role descriptions for trusts and partnerships and a standard beneficial ownership disclaimer for partnership holdings. There are no reported sales, option exercises, or derivative positions, so the transaction is unlikely to have a material impact on company capitalization or signaling to the market.

Insider Trade Summary

Grant/Award: 2,197 shares

Grant/Award 7 txns

Insider NIEMANN JENNIFER C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,197	$0.00	$0.00
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 502,862 shares (Direct); Class A Common Stock — 5,803 shares (Indirect, By spouse); Class A Common Stock — 181,584 shares (Indirect, By trusts); Class A Common Stock — 51,957 shares (Indirect, By trust); Class A Common Stock — 1,459,753 shares (Indirect, By CRASTECOM B Limited Partnership); Class A Common Stock — 10,000 shares (Indirect, By PILACON Limited Partnership)

Footnotes (6)

1. F1. Not applicable.
2. F2. Represents shares held by trusts for the benefit of Ms. Niemann's family members, of which trusts Ms. Niemann's spouse serves as trustee.
3. F3. Represents shares held by trusts for the benefit of Ms. Niemann's family members, of which trusts Ms. Niemann serves as trustee.
4. F4. Represents shares held by a trust for the benefit of Ms. Niemann and her family, of which trust Ms. Niemann serves as co-trustee.
5. F5. Represents shares held by CRASTECOM B Limited Partnership, of which Ms. Niemann is the managing general partner. Ms. Niemann disclaims beneficial ownership of the shares of Class A Common Stock and Class B Common Stock held by CRASTECOM except to the extent of her pecuniary interest therein.
6. F6. Represents shares held by PILACON Limited Partnership, of which Ms. Niemann is the managing partner. Ms. Niemann disclaims beneficial ownership of the shares of Class A Common Stock held by PILACON except to the extent of her pecuniary interest therein.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Jennifer C. Niemann report on Form 4 for SCS?

The Form 4 reports an acquisition of 2,197 shares of Class A common stock on 09/10/2025.

How many Class A shares does Jennifer C. Niemann directly beneficially own after the reported transaction?

The filing shows 502,862 shares listed as directly beneficially owned following the reported transaction.

What indirect holdings are disclosed by the reporting person on the Form 4?

Indirect holdings disclosed include 5,803 shares by spouse; 104,384, 77,200, and 51,957 held by trusts; 1,459,753 by CRASTECOM B Limited Partnership; and 10,000 by PILACON Limited Partnership.

Did the filer include any disclaimers about beneficial ownership?

Yes. The filer disclaims beneficial ownership of shares held by CRASTECOM and PILACON except to the extent of her pecuniary interest.

When was the Form 4 signed or executed?

The filing shows execution by power of attorney on 09/12/2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/12/2025 - 11:11 AM 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^*

NIEMANN JENNIFER C

(Last) (First) (Middle)

STEELCASE INC.

901 44TH ST SE

(Street)

GRAND RAPIDS MI 49508

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STEELCASE INC [ NYSE: SCS ]

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)
09/10/2025

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
Class A Common Stock	09/10/2025		A		2,197	A	(1)	502,862	D
Class A Common Stock								5,803	I	By spouse
Class A Common Stock								104,384	I	By trusts(2)
Class A Common Stock								77,200	I	By trusts(3)
Class A Common Stock								51,957	I	By trust(4)
Class A Common Stock								1,459,753	I	By CRASTECOM B Limited Partnership(5)
Class A Common Stock								10,000	I	By PILACON Limited Partnership(6)

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. Not applicable.

2. Represents shares held by trusts for the benefit of Ms. Niemann's family members, of which trusts Ms. Niemann's spouse serves as trustee.

3. Represents shares held by trusts for the benefit of Ms. Niemann's family members, of which trusts Ms. Niemann serves as trustee.

4. Represents shares held by a trust for the benefit of Ms. Niemann and her family, of which trust Ms. Niemann serves as co-trustee.

5. Represents shares held by CRASTECOM B Limited Partnership, of which Ms. Niemann is the managing general partner. Ms. Niemann disclaims beneficial ownership of the shares of Class A Common Stock and Class B Common Stock held by CRASTECOM except to the extent of her pecuniary interest therein.

6. Represents shares held by PILACON Limited Partnership, of which Ms. Niemann is the managing partner. Ms. Niemann disclaims beneficial ownership of the shares of Class A Common Stock held by PILACON except to the extent of her pecuniary interest therein.

Remarks:

	Liesl A. Maloney, by power of attorney	09/12/2025
	** 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.