Steel Dynamics SVP sells 9,000 shares in market

Steel Dynamics senior vice president Christopher A. Graham reported selling 9,000 shares of company common stock in open-market transactions.

Rhea-AI Filing Summary

Steel Dynamics senior vice president Christopher A. Graham reported selling 9,000 shares of company common stock in open-market transactions. The three sales occurred on May 13, 2026, at prices between $236.52 and $237.01 per share. After these trades, his reported direct holdings in this account remained above 68,000 shares.

Insights

Insider trading analyst

SVP executes modest open-market sale while retaining a large position.

Senior Vice President Christopher A. Graham sold a total of 9,000 shares of Steel Dynamics common stock in three open-market transactions on May 13, 2026. Reported sale prices ranged from $236.52 to $237.01 per share.

All transactions were coded "S" as non-derivative sales, with no option exercises or other derivative activity reported. Form data shows that after these sales his direct holdings in this account remained above 68,000 shares, indicating he retains a substantial equity stake.

From an investment thesis standpoint, this appears to be a routine insider sale rather than a transformative event. There is no indication of a Rule 10b5-1 trading plan or other special circumstances in the provided data, so the transactions read as standard portfolio or liquidity management.

Insider Trade Summary

Net Seller: 9,000 shares

Net Sell 3 txns

Insider Graham Christopher A

Role Senior Vice President

Sold 9,000 shs ($2.13M)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,999	$236.52	$709K
Sale	Common Stock	3,000	$237.01	$711K
Sale	Common Stock	3,001	$236.90	$711K

Holdings After Transaction: Common Stock — 68,747 shares (Direct)

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Accepted by SEC EDGAR 05/15/2026 - 03:04 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^*

Graham Christopher 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)
05/13/2026

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	05/13/2026		S		2,999	D	$236.52	74,748	D
Common Stock	05/13/2026		S		3,000	D	$237.01	71,748	D
Common Stock	05/13/2026		S		3,001	D	$236.9	68,747	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:

	/s/ Christopher A. Graham	05/15/2026
	** 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)