AYERS CHRISTOPHER L reported 1 transaction at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC

Review the transaction codes below to understand the nature of each event.

AYERS CHRISTOPHER L

Filed: 1/23/2025ACC: 0000950170-25-008124

InsiderAYERS CHRISTOPHER LCIK 1461865

→

IssuerUNIVERSAL STAINLESS & ALLOY PRODUCTS INCCIK 931584

Director

Since Aug 2018

-96.11K

Net shares

Net seller

$2.24M

Total sold

Open market trades

0B · 0S

Total transactions

96.11K disposed

Non-Derivative Transactions1

Common Stock

Direct

D · Disposition

−49.86K

Price / share

$45.00

Trade value

$2.24M

% of position

New position

1/23/2025

49.86K→0.00

Total

Net shares

−49.86K

Net value

-$2.24M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	1/23/2025	D · Disposition	−49.86K	$45.00	$2.24M	New position	49.86K	0.00
Total			−49.86K		-$2.24M

Derivative Transactions29

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

22.62

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

18.05

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

12.87

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

10.21

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

7.65

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

11.53

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

10.91

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

12.35

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

15.08

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

17.94

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

21.08

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

25.39

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

23.92

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

29.74

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

19.73

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

18.81

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

12.88

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

15.73

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

13.85

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

11.91

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

7.84

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

6.41

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

6.9

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

10.28

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

10.75

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

10.97

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

8.28

Held after

0.00

Exercisable

—

1/23/2025

Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

1.25K shares

−1.25K

Strike price

10.13

Held after

0.00

Exercisable

—

1/23/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Stock Option (Right to Buy) Direct	Common Stock2.50K shares	1/23/2025	D · Disposition	−2.50K	22.62	—
Stock Option (Right to Buy) Direct	Common Stock2.50K shares	1/23/2025	D · Disposition	−2.50K	18.05	—
Stock Option (Right to Buy) Direct	Common Stock2.50K shares	1/23/2025	D · Disposition	−2.50K	12.87	—
Stock Option (Right to Buy) Direct	Common Stock2.50K shares	1/23/2025	D · Disposition	−2.50K	10.21	—
Stock Option (Right to Buy) Direct	Common Stock2.50K shares	1/23/2025	D · Disposition	−2.50K	7.65	—
Stock Option (Right to Buy) Direct	Common Stock2.50K shares	1/23/2025	D · Disposition	−2.50K	11.53	—
Stock Option (Right to Buy) Direct	Common Stock2.50K shares	1/23/2025	D · Disposition	−2.50K	10.91	—
Stock Option (Right to Buy) Direct	Common Stock2.50K shares	1/23/2025	D · Disposition	−2.50K	12.35	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	15.08	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	18	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	17.94	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	21.08	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	25.39	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	23.92	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	29.74	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	19.73	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	18.81	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	12.88	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	15.73	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	13.85	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	11.91	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	7.84	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	6.41	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	6.9	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	10.28	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	10.75	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	10.97	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	8.28	—
Stock Option (Right to Buy) Direct	Common Stock1.25K shares	1/23/2025	D · Disposition	−1.25K	10.13	—