Senior insider sale

Chairman, President & CEO at CLEVELAND-CLIFFS INC. — senior position signals high conviction

$36.54M

3M shares

What this filing means

GONCALVES LOURENCO plans to sell 3M shares of CLEVELAND-CLIFFS INC. valued at approximately $36.54M. Form 144 is a notice of intent to sell restricted or control securities — not a mandatory transaction. This filing provides advance warning of potential selling pressure.

GONCALVES LOURENCO

Filed: 2/11/2026ACC: 0001969223-26-000158

InsiderGONCALVES LOURENCOCIK 1236128

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IssuerCLEVELAND-CLIFFS INC.CIK 764065

DirectorOfficer· Chairman, President & CEO

Since Feb 2026

Shares to sell

$36.54M

Approx. market value

Acquired (3 months)

Planned

Securities Acquired — Last 3 Months18

Sort

RSU & PSU Vesting/Compensation

Cash

1/4/2022

332.02K

Purchased in open market

Cash

12/1/2021

50K

Exercise of Stock Options/Compensation

Cash

8/20/2021

250K

Purchased in open market

Cash

3/5/2021

100K

PSU Vesting/Compensation

Cash

1/12/2021

268.28K

RSU Vesting/Compensation

Cash

1/12/2021

142.08K

RSU Vesting/Compensation

Cash

1/23/2020

98.51K

PSU Retention Vesting/Compensation

Cash

1/23/2020

272.27K

RSU Retention Vesting/Compensation

Cash

1/23/2020

290.56K

PSU Vesting/Compensation

Cash

1/23/2020

178.45K

Purchased in open market

Cash

6/10/2019

10K

RSU & PSU Vesting/Compensation

Cash

2/19/2019

659.46K

PSU Vesting/Compensation

Cash

2/21/2018

77.01K

RSU Vesting/Compensation

Cash

12/31/2017

31.98K

Purchased in open market

Cash

8/10/2017

100K

RSU Vesting/Compensation

Cash

12/31/2016

62.38K

Purchased in open market

Cash

4/22/2014

27K

Purchased in open market

Cash

2/10/2014

50K

Total acquired3M

Acquisition Date	Type	Amount Acquired	Gift
1/4/2022	RSU & PSU Vesting/Compensation Cash	332.02K	—
12/1/2021	Purchased in open market Cash	50K	—
8/20/2021	Exercise of Stock Options/Compensation Cash	250K	—
3/5/2021	Purchased in open market Cash	100K	—
1/12/2021	PSU Vesting/Compensation Cash	268.28K	—
1/12/2021	RSU Vesting/Compensation Cash	142.08K	—
1/23/2020	RSU Vesting/Compensation Cash	98.51K	—
1/23/2020	PSU Retention Vesting/Compensation Cash	272.27K	—
1/23/2020	RSU Retention Vesting/Compensation Cash	290.56K	—
1/23/2020	PSU Vesting/Compensation Cash	178.45K	—
6/10/2019	Purchased in open market Cash	10K	—
2/19/2019	RSU & PSU Vesting/Compensation Cash	659.46K	—
2/21/2018	PSU Vesting/Compensation Cash	77.01K	—
12/31/2017	RSU Vesting/Compensation Cash	31.98K	—
8/10/2017	Purchased in open market Cash	100K	—
12/31/2016	RSU Vesting/Compensation Cash	62.38K	—
4/22/2014	Purchased in open market Cash	27K	—
2/10/2014	Purchased in open market Cash	50K	—
Total		3M

Planned & Completed Dispositions1

Sort

NYSEPlanned

Units to sell

Market value

$36.54M

2/11/2026

Total

Units

Value

$36.54M

Date	Units to Sell	Approx. Market Value	Exchange	Status
2/11/2026	3M	$36.54M	NYSE	Planned
Total	3M	$36.54M