Steel Dynamics insiders sold $8.9M in the past 12 months. How much of their stake is that?

Sold by a charitable foundation the insider reports: Teets Family Foundation, reported by Richard Teets Jr.. A foundation's shares are not the insider's own stake, so they are left out of the figures above.

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

18 of 18 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (18 exactly, 0 with a minor or footnoted difference). Percentages cover all 18 officers and directors. "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

Officer and director open-market sales: $8.9M across 39,376 shares. Plan status and stated purpose are separate questions, and a sale can have both.

Sales by month

Less than usual: about one-fifth of the 5-year average. 5 insiders sold; the average is 5 a year.

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

All 1,827 Forms 3, 4 and 5 filed for Steel Dynamics (SEC CIK 1022671) from Nov 20, 1996 to Aug 14, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 18 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Nov 21, 2006 (first filing that shows post-split balances). Splits aren't reported as transactions; 16 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 2-for-1 stock split on or before Mar 19, 2008 (split date stated in a footnote). Splits aren't reported as transactions; 9 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology