Steel Dynamics director sells 5,000 shares

Steel Dynamics director Kenneth W. Cornew reported selling 5,000 shares of Common Stock in open-market transactions.

Rhea-AI Filing Summary

Steel Dynamics director Kenneth W. Cornew reported selling 5,000 shares of Common Stock in open-market transactions. The trades occurred on April 23, 2026, with weighted average prices of $224.85 and $225.39 per share, executed across multiple trades within narrow price ranges around $225.

Insider Trade Summary

Net Seller: 5,000 shares

Net Sell 2 txns

Insider Cornew Kenneth W.

Role Director

Sold 5,000 shs ($1.12M)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,800	$224.85	$1.08M
Sale	Common Stock	200	$225.39	$45K

Holdings After Transaction: Common Stock — 31,299 shares (Direct)

Footnotes (2)

1. F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.36 to $225.29, inclusive. The reporting person undertakes to provide to Steel Dynamics, Inc., any securityholder of Steel Dynamics, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
2. F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.37 to $225.41, inclusive. The reporting person undertakes to provide to Steel Dynamics, Inc., any securityholder of Steel Dynamics, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

Key Figures

Shares sold: 5,000 shares Weighted average price block 1: $224.85/share Weighted average price block 2: $225.39/share +3 more

6 metrics

Shares sold 5,000 shares Total Common Stock sold by director Kenneth W. Cornew

Weighted average price block 1 $224.85/share Open-market sale of 4,800 shares of Common Stock

Weighted average price block 2 $225.39/share Open-market sale of 200 shares of Common Stock

Price range block 1 $224.36–$225.29 Range of prices for one group of trades per footnote (1)

Price range block 2 $225.37–$225.41 Range of prices for another group of trades per footnote (2)

Net share change -5,000 shares Net selling activity across all reported transactions

Key Terms

weighted average price, open-market sale, Common Stock, Form 4

4 terms

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

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": "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

"ranges set forth in footnote (1) to this Form 4."

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.

FAQ

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

What did Steel Dynamics (STLD) director Kenneth Cornew report in this Form 4?

Director Kenneth W. Cornew reported selling 5,000 shares of Steel Dynamics Common Stock. The sales were open-market transactions executed on April 23, 2026, at weighted average prices close to $225 per share, as disclosed in the Form 4 filing’s transaction details and footnotes.

How many Steel Dynamics (STLD) shares did Kenneth Cornew sell and at what prices?

Kenneth Cornew sold a total of 5,000 Steel Dynamics Common Stock shares. The weighted average sale prices were $224.85 and $225.39 per share, with individual trades occurring within narrow ranges around those levels, according to the transaction table and accompanying footnotes.

When did Kenneth Cornew’s Steel Dynamics (STLD) stock sales take place?

All reported Steel Dynamics stock sales by Kenneth Cornew took place on April 23, 2026. The Form 4 shows two separate open-market sale entries on that date, together covering 5,000 shares of Common Stock at weighted average prices near $225 per share.

What type of transaction is reported for Steel Dynamics (STLD) director Kenneth Cornew?

The filing reports open-market sales of Steel Dynamics Common Stock by director Kenneth Cornew. The transactions are coded “S” for sale, indicating non-derivative, open-market or private sale activity, rather than option exercises, grants, gifts, or tax-withholding related movements.

What price ranges are disclosed for Kenneth Cornew’s Steel Dynamics (STLD) share sales?

Footnotes state the weighted average prices reflect multiple trades. One block was sold between $224.36 and $225.29 per share, and the other between $225.37 and $225.41 per share, with full trade-by-trade details available upon request from the reporting person.

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

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Accepted by SEC EDGAR 04/24/2026 - 03:16 PM EDT 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^*

Cornew Kenneth W.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/23/2026		S		4,800	D	$224.85(1)	31,499	D
Common Stock	04/23/2026		S		200	D	$225.39(2)	31,299	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.36 to $225.29, inclusive. The reporting person undertakes to provide to Steel Dynamics, Inc., any securityholder of Steel Dynamics, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.37 to $225.41, inclusive. The reporting person undertakes to provide to Steel Dynamics, Inc., any securityholder of Steel Dynamics, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

	/s/ Theresa E. Wagler by Power of Attorney	04/24/2026
	** 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)