STLD CLUSTER SEC Filing Analysis

Latest settled — T+5d

STLD ▲ +4.66% at T+5d

NEUTRAL call ✓ call won +4.66% · α vs SPY +3.70% · entry $229.34 → $240.03

Next anchor: T+20d in 5d

Last close $267.20 (close Jun 8) · +16.51% from $229.34 entry

Entry anchored
May 15, 03:04 PM ET
via Databento tick

T+1d

-0.33%

call -0.33% · α -0.27%

$228.58

settled 23d ago

T+5d

+4.66%

call +4.66% · α +3.70%

$240.03

settled 19d ago

T+20d

—

call — · α —

—

in 5d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Two senior vice presidents at Steel Dynamics sold a combined $1.25M in open-market sales over two days, with no insider buying. The total is ~0.004% of the $33.8B market cap, well below the 0.1% materiality threshold, making this a routine liquidity-driven event. No C-suite officers (CEO/CFO) participated, and the sales are small relative to company size, indicating no bearish signal.

Key Financial Metrics

Direction

selling

Total Value

$1.3M

Insiders

2

Actionable Insight

These sales are too small to warrant a bearish read. Monitor for any C-suite selling or larger volume (>$10M) that would signal concern. The cross-filing amplifiers (cluster-insider-trades + cluster-press-context, etc.) are statistically significant but the absolute dollar amount is immaterial — no actionable trade signal.

Key Facts

Two SVP insiders sold a total of $1.25M in open-market sales on May 12-13, 2026
Sales represent ~0.004% of STLD's $33.8B market cap — trivial
No C-suite (CEO/CFO) participation; only senior VPs
One additional gift of 200 shares at $0 (non-cash, no economic signal)
No insider buying in the cluster window

Financial Impact

$1.25M in total insider sales, negligible relative to $33.8B market cap

insider holdings

Risk Factors

If larger insider sales emerge in coming weeks, the pattern could become meaningful
Steel sector cyclicality could pressure earnings, but this cluster does not indicate insider concern

Market Snapshot

Exchange

Nasdaq

Sector

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Analyst Consensus

60% bullish (20 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-STLD-1778871923940

4 reports for STLD

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for STLD — sortable, filterable
	Type				Now
May 15, 2026 25d ago	Insider Cluster NEUTRAL ★ 2/10	$229.34 $240.03	▲ +4.66%	▲ +3.70%	$267.20 (+16.51%)
May 8, 2026 4w ago	8-K NEUTRAL ★ 2/10	$235.10 $234.68	▼ −0.18%	▼ −1.64%	$267.20 (+13.65%)
Apr 23, 2026 6w ago	Insider Cluster BEARISH ★ 7/10	$225.05 $224.37	▲ +0.30%	▲ +1.78%	$267.20 (−18.73%)
Apr 21, 2026 7w ago	8-K BEARISH ★ 6/10	$220.21 $226.96	▼ −3.07%	▼ −1.98%	$267.20 (−21.34%)

US Market Status

Market Closed — Opens in 7h 1m

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