Senior VP of STEEL DYNAMICS (NASDAQ: STLD) sells 2,300 shares in open market

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

STEEL DYNAMICS INC Senior Vice President Richard A. Poinsatte reported an open-market sale of company stock. On May 12, 2026, he sold 2,300 shares of common stock at $234.11 per share. After this transaction, he directly holds 28,618 shares of STEEL DYNAMICS INC common stock.

Insights

Senior VP executes a modest open-market sale, retaining a sizable stake.

Senior Vice President Richard A. Poinsatte completed an open-market sale of 2,300 shares of STEEL DYNAMICS INC common stock at $234.11 per share. The filing classifies this as a non-derivative, open-market sale transaction.

Following the sale, Poinsatte directly holds 28,618 shares. Relative to his post-transaction holdings, the sale represents a minority portion, which is consistent with routine portfolio diversification or liquidity events rather than a full position exit. The filing does not indicate any derivative exercises.

Insider Trade Summary

Net Seller: 2,300 shares ($538,453)

Net Sell 1 txn

Insider Poinsatte Richard A

Role Senior Vice President

Sold 2,300 shs ($538K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,300	$234.11	$538K

Holdings After Transaction: Common Stock — 28,618 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 2,300 shares Sale price per share: $234.11 per share Shares held after transaction: 28,618 shares

3 metrics

Shares sold 2,300 shares Open-market sale of common stock on May 12, 2026

Sale price per share $234.11 per share Price for the 2,300 common shares sold

Shares held after transaction 28,618 shares Direct ownership after the reported sale

Key Terms

open-market sale, Common Stock, Form 4, transaction code "S"

4 terms

open-market sale financial

"transaction_action is described as an open-market sale of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title for the transaction is listed as Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) describes this insider transaction"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code "S" regulatory

"transaction_code "S" indicates a sale in open market or private transaction"

Form 4 Insider Transactions: What Each Field Means →

05/14/2026 - 10:27 AM

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^*

Poinsatte Richard A

(Last)

(First)

(Middle)

7575 W. JEFFERSON BLVD.

(Street)

FORT WAYNE

INDIANA

46804

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STEEL DYNAMICS INC [ STLD ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/12/2026		S		2,300	D	$234.11	28,618	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Richard A. Poinsatte	05/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did STEEL DYNAMICS INC (STLD) report for Richard A. Poinsatte?

STEEL DYNAMICS INC reported that Senior Vice President Richard A. Poinsatte sold 2,300 shares of common stock in an open-market transaction at $234.11 per share. This Form 4 filing reflects a routine insider sale rather than a change in control or large-position liquidation.

At what price did Richard A. Poinsatte sell STEEL DYNAMICS INC (STLD) shares?

Richard A. Poinsatte sold 2,300 STEEL DYNAMICS INC common shares at $234.11 per share. This price reflects the per-share consideration for the reported open-market sale and is the only transaction price disclosed in this Form 4 filing for the stated trade date.

How many STEEL DYNAMICS INC (STLD) shares does Richard A. Poinsatte hold after this Form 4 transaction?

After the reported sale, Richard A. Poinsatte directly holds 28,618 shares of STEEL DYNAMICS INC common stock. This post-transaction balance shows he retains a meaningful equity position in the company despite selling a portion of his holdings in the open market.

Was the STEEL DYNAMICS INC (STLD) insider transaction a buy or a sell?

The insider transaction was a sell. Senior Vice President Richard A. Poinsatte executed an open-market sale of 2,300 STEEL DYNAMICS INC common shares, classified with transaction code "S" and described as a sale in the open market or a private transaction in the Form 4 data.

Does the STEEL DYNAMICS INC (STLD) Form 4 show any derivative exercises by Richard A. Poinsatte?

The Form 4 does not report any derivative exercises for Richard A. Poinsatte. All reported activity involves a single non-derivative open-market sale of common stock, and the derivativeSummary section in the provided data is empty, indicating no options or similar instruments were exercised in this filing.

How large is Richard A. Poinsatte’s sale relative to his STEEL DYNAMICS INC (STLD) holdings?

Poinsatte sold 2,300 shares and holds 28,618 shares afterward, so the transaction represents a minority portion of his disclosed stake. The filing shows continued direct ownership of common stock, suggesting this is a partial sale rather than an exit from his equity position.