Kevin A. Raketich - Dec 14, 2023 Form 4 Insider Report for TimkenSteel Corp (TMST)

Signature
/s/ Kristine C. Syrvalin, as Attorney-in-Fact
Stock symbol
TMST
Transactions as of
Dec 14, 2023
Transactions value $
-$91,028
Form type
4
Date filed
12/14/2023, 04:32 PM
Previous filing
Nov 20, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMST Common Shares Sale -$91K -4.16K -4.78% $21.86 82.9K Dec 14, 2023 Direct F1
holding TMST Common Shares 1.96K Dec 14, 2023 by 401(k) plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Price reported is the weighted average sale price for shares sold by the reporting owner on December 14, 2023. Shares were sold at a variety of prices ranging from $21.71 to $22.00.

Remarks:

The reporting person adopted a written plan for the sale of the Company's common shares intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) on August 21, 2023. All transactions reported herein were made pursuant to that plan.