Affiliate files Form 144 to sell restricted shares

STLD affiliate filed a Form 144 notice indicating proposed sales of common stock acquired as restricted stock awards.

Rhea-AI Filing Summary

STLD affiliate filed a Form 144 notice indicating proposed sales of common stock acquired as restricted stock awards. The filing lists specific award lots of 1,717, 1,825, and 1,458 shares tied to grant dates of 05/31/2023, 05/31/2024, and 05/31/2022, respectively. The filing shows an administrative line with 5,000 (context present in the securities section) and a date of 04/23/2026.

Insights

Securities Counsel

Form 144 lists proposed resale by an affiliate of restricted stock award lots.

The filing identifies three restricted stock award lots of 1,717, 1,825, and 1,458 shares, each tied to grant dates on 05/31/2022, 05/31/2023, and 05/31/2024

These entries reflect proposed resale notices under Rule 144; timing, broker or method of sale and proceeds treatment are not specified in the excerpt. Subsequent transfer or sale activity will appear in transactional filings if executed.

Key Figures

Award lot 05/31/2023: 1,717 shares Award lot 05/31/2024: 1,825 shares Award lot 05/31/2022: 1,458 shares +2 more

5 metrics

Award lot 05/31/2023 1,717 shares Acquired as compensation — Restricted Stock Awards

Award lot 05/31/2024 1,825 shares Acquired as compensation — Restricted Stock Awards

Award lot 05/31/2022 1,458 shares Acquired as compensation — Restricted Stock Awards

Administrative entry 5,000 Listed in securities information row

Filing/line date 04/23/2026 Date shown in securities information

Key Terms

Restricted Stock Awards, Form 144, Issuer, NASD

4 terms

Restricted Stock Awards financial

"Acquired as compensation -- Restricted Stock Awards"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

Form 144 regulatory

"144: Securities To Be Sold"

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.

Issuer financial

"Acquired as compensation -- Restricted Stock Awards | Issuer"

NASD regulatory

"04/23/2026 | NASD"

The NASD (National Association of Securities Dealers) was the self‑regulatory organization that created and enforced rules for broker‑dealers and supervised trading conduct, functioning like a referee for the securities industry. For investors, its role mattered because those rules and oversight aimed to reduce fraud, ensure fair dealing and maintain confidence in markets—factors that influence the safety of investments and the reputation and behavior of brokerage firms.

FAQ

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

What does the Form 144 filed by STLD indicate?

It indicates a proposed resale of common stock by an affiliate. The notice lists restricted stock award lots of 1,717, 1,825, and 1,458 shares with grant dates on 05/31/2022, 05/31/2023, and 05/31/2024.

Are the exact sale proceeds or broker details provided in the STLD Form 144?

No. The excerpt does not state sale prices, proceeds recipients, or broker-dealer execution details. The filing lists share lots and dates but does not disclose pricing or the specific sale method in the provided text.

How many shares from restricted stock awards are listed in the STLD filing?

The filing lists specific award lots totaling named counts of 1,717, 1,825, and 1,458 shares tied to respective grant dates of 05/31/2023, 05/31/2024, and 05/31/2022.

Does the Form 144 mean the shares have been sold for STLD?

No. Form 144 is a notice of proposed sale, not proof of sale. It notifies the market of intended resale; actual sales would be reported later if executed and would appear in transaction filings.

What is the significance of the date 04/23/2026 shown in the filing?

The date appears in the securities information line of the excerpt and likely reflects the filing or administrative date listed. The excerpt does not attach additional context about its operative meaning.

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

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Accepted by SEC EDGAR 04/23/2026 - 04:37 PM EDT 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	0001482379
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 West Jefferson Blvd Fort Wayne INDIANA 46804
Phone	1-260-969-3500
Name of Person for Whose Account the Securities are To Be Sold	Kenneth Cornew
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	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	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	5000	1125250	144722225	04/23/2026	NASD

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	05/31/2023	Acquired as compensation -- Restricted Stock Awards	Issuer			1717	05/31/2023	Compensation
Common	05/31/2024	Acquired as compensation -- Restricted Stock Awards	Issuer			1825	05/31/2024	Compensation
Common	05/31/2022	Acquired as compensation -- Restricted Stock Awards	Issuer			1458	05/31/2022	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	04/23/2026
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	Goldman Sachs & Co. LLC on behalf of Kenneth Cornew
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)