[144] Steel Dynamics Inc SEC Filing

Rhea-AI Filing Summary

Steel Dynamics, Inc. (STLD) – Form 144 filing discloses an intended open-market sale of restricted securities.

• Securities to be sold: 12,000 shares of STLD common stock (par $0.0025).
• Estimated value: $1,562,760 based on broker-quoted market price supplied in the filing.
• Seller: Not identified in the excerpt; shares were received via an equity grant on 03/15/24 and classified as compensation.
• Planned sale date & venue: on or about 07/29/25 through NASDAQ Global Select; Computershare is listed as broker.
• Share-count context: STLD reports 148,453,876 shares outstanding; the proposed sale equals roughly 0.008% of total shares.
• No other sales by the reporting person occurred in the past three months.

The filing is a routine notice required under Rule 144 and does not include operational, earnings, or guidance information. While insider sales can be perceived negatively, the size is immaterial to the company’s float. Investors may view it as neutral disclosure of personal liquidity rather than a signal on fundamentals.

Positive

• Sale represents only ~0.008% of shares outstanding, indicating negligible dilution or governance impact.
• Pre-planned Rule 144 disclosure increases transparency and reduces information-asymmetry risk.

Negative

• $1.56 million insider sale can be perceived as a modest negative sentiment signal despite limited size.

Insights

Corporate Governance Expert

TL;DR – Routine Form 144: minor insider sale, negligible float impact, neutral governance signal.

This filing simply provides advance notice that a beneficiary of an equity grant intends to sell 12,000 shares valued at roughly $1.56 million. Rule 144 limits are far higher than this amount, so compliance risk is minimal. The transaction represents less than one-hundredth of a percent of shares outstanding, leaving ownership structure effectively unchanged. Because the filer attests to having no undisclosed adverse information and there is no pattern of serial sales, I view the governance impact as neutral. Market reaction, if any, should be limited to sentiment around insider motivation rather than fundamentals.

Securities Analyst

TL;DR – $1.56 M planned insider sale; too small to alter STLD valuation.

At current prices, the proposed 12k-share sale equates to roughly 0.3 days of average trading volume, so liquidity absorption is trivial. With no accompanying operational disclosures, the filing offers no insight into future earnings or steel-cycle positioning. Insider disposals can pressure sentiment, yet the insignificant size and one-off nature argue for a neutral-to-slightly negative read-through at most. I assign an impact rating of 0; investors should monitor forthcoming Form 4s for context on broader insider activity.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Computershare, Inc. 462 S. 4th St. Louisville KY 40202	12000	1562760.00	148453876	07/29/2025	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	03/15/2024	Equity Grant	Steel Dynamics, Inc.			12000	03/15/2024	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

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Steel Dynamics (STLD) shares are being sold under this Form 144?

The filing covers 12,000 common shares.

What is the estimated market value of the STLD shares to be sold?

The aggregate market value stated is $1,562,760.

When is the planned sale date for the STLD shares?

The filer lists an approximate sale date of 07/29/2025.

How large is the proposed sale relative to Steel Dynamics’ share count?

With 148,453,876 shares outstanding, the 12,000-share sale equals about 0.008% of the float.

Where will the STLD shares be sold and through which broker?

Shares are slated for sale on the NASDAQ Global Select Market via Computershare, Inc..