Steel Dynamics proposed sale notice (Form 144)

Steel Dynamics, Inc. submitted a Form 144 notice relating to Common Stock ($0.0025 par value) tied to a Deferred Stock Award reported for compensation.

Rhea-AI Filing Summary

Steel Dynamics, Inc. submitted a Form 144 notice relating to Common Stock ($0.0025 par value) tied to a Deferred Stock Award reported for compensation. The filing lists a quantity of 1,526 and a value of $394,043.72, with dates 06/01/2026 and 06/03/2026. The broker shown is Morgan Stanley Smith Barney LLC and the shares are listed on NASDAQ Global Select.

Insights

Securities Compliance Analyst

Form 144 lists a proposed sale of compensation-related shares by Steel Dynamics.

The filing records Common Stock tied to a Deferred Stock Award and shows a listed quantity of 1,526 and a listed value of $394,043.72. It names Morgan Stanley Smith Barney LLC as the broker and references NASDAQ Global Select.

These notices are procedural disclosures required when selling restricted stock under Rule 144; timing, actual sale execution, and cash-flow recipients are not specified in the excerpt.

Key Figures

Par value: $0.0025 Listed quantity: 1,526 Listed value: $394,043.72 +2 more

5 metrics

Par value $0.0025 Common Stock par value

Listed quantity 1,526 quantity shown on Form 144

Listed value $394,043.72 value shown on Form 144

Securities date 06/01/2026 date associated with securities to be sold

Filing date listed 06/03/2026 date shown on the form

Key Terms

Deferred Stock Award, Form 144, NASDAQ Global Select

3 terms

Deferred Stock Award financial

"06/01/2026 | Deferred Stock Award | Steel Dynamics, Inc."

A deferred stock award is company stock granted to employees or executives but delivered or allowed to be sold at a later date, often after meeting time or performance conditions. For investors, it matters because these promised shares can increase the number of outstanding shares (dilution) and reveal how management is being paid and motivated; think of it as a delayed paycheck in stock form that aligns long-term incentives.

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

NASDAQ Global Select market

"06/03/2026 | NASDAQ GLOBAL SELECT"

A Nasdaq Global Select listing is the highest-quality tier on the Nasdaq stock exchange, awarded to companies that meet the strictest financial, reporting and governance standards. Think of it as a “premium shelf” in a store: it signals stronger oversight, transparency and liquidity compared with lower tiers, which helps investors judge company reliability, compare risk, and may attract more institutional buyers.

FAQ

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

What does Steel Dynamics' Form 144 report?

It reports a proposed sale of Common Stock tied to a Deferred Stock Award. The filing lists a quantity of 1,526 and a listed value of $394,043.72, with dates 06/01/2026 and 06/03/2026.

Who is the broker listed on the STLD Form 144?

The broker shown is Morgan Stanley Smith Barney LLC. The filing lists the broker's address as 1 New York Plaza, 8th Floor, New York, NY and associates the transaction with NASDAQ Global Select.

Are the shares from compensation or open-market holdings?

The filing indicates the shares are related to a Deferred Stock Award and are labeled under Compensation. The excerpt ties the securities to compensation-related issuance rather than an open-market acquisition.

Does Form 144 confirm the sale has occurred?

No. The Form 144 notice signals an intended or proposed sale under Rule 144. The excerpt provides listed dates and amounts but does not confirm whether the sale was executed or the timing of any transaction proceeds.

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

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Accepted by SEC EDGAR 06/02/2026 - 06:51 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001411393
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	STEEL DYNAMICS INC
SEC File Number	000-21719
Address of Issuer	7575 W JEFFERSON BLVD FORT WAYNE INDIANA 46804
Phone	260 969 3500
Name of Person for Whose Account the Securities are To Be Sold	Shaheen Gabriel
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Former Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock $0.0025 Par Value	Morgan Stanley Smith Barney LLC 1 New York Plaza 8th Floor New York NY 10004	1526	394043.72	144212781	06/03/2026	NASDAQ GLOBAL SELECT

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock $0.0025 Par Value	06/01/2026	Deferred Stock Award	Steel Dynamics, Inc.			1526	06/01/2026	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	06/02/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Gabriel Shaheen
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)