Insider Cluster (2 insiders) ·Filed May 15, 2026

STLD

STEEL DYNAMICS INC
NEUTRAL
Impact 2/10
Horizondays Processed4mo ago
Insider cluster: 2 insiders, $1.2M total
Actionable Insight • Neutral

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.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
STLD ▲ +14.98% at T+60d
NEUTRAL call ✓ call won +14.98% · α vs SPY +10.46% · entry $229.34 → $263.69
Entry anchored
May 15, 03:04 PM ET
via exchange tick
T+1d
-0.33%
call -0.33% · α -0.27%
$228.58
settled 5mo ago
T+5d
+4.66%
call +4.66% · α +3.70%
$240.03
settled 4mo ago
T+20d
+18.68%
call +18.68% · α +16.57%
$272.19
settled 4mo ago
T+60d
+14.98%
call +14.98% · α +10.46%
$263.69
settled 7w ago

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

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)

Investment Themes

Materials & Mining

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-STLD-1778871923940
8 reports for STLD
Performance horizon
75% Hit rate 3 of 4 directional calls best @ T+5▲ +7.17%Jul 21, 2026
Filters
Rows
Reports for STLD — sortable, filterable
TypeNow
Aug 14, 2026
7w ago
8-K
NEUTRAL ★ 2/10
$255.77 $234.53▼ −8.30%▼ −6.31%$231.99 (−9.30%)
Aug 4, 2026
8w ago
8-K
NEUTRAL ★ 3/10
$265.10 $234.09▼ −11.70%▼ −10.46%$231.99 (−12.49%)
Jul 21, 2026
10w ago
8-K
BULLISH ★ 6/10
$233.52 $249.81▲ +6.98%▲ +4.41%$231.99 (−0.66%)
Jun 18, 2026
15w ago
8-K
BULLISH ★ 6/10
$249.91 $234.98▼ −5.97%▼ −6.51%$231.99 (−7.17%)
May 15, 2026
20w ago
Insider Cluster
NEUTRAL ★ 2/10
$229.34 $272.19▲ +18.68%▲ +16.57%$231.99 (+1.16%)
May 8, 2026
21w ago
8-K
NEUTRAL ★ 2/10
$235.10 $268.50▲ +14.21%▲ +14.18%$231.99 (−1.32%)
Apr 23, 2026
23w ago
Insider Cluster
BEARISH ★ 7/10
$225.05 $228.30▼ −1.44%▲ +3.19%$231.99 (−3.08%)
Apr 21, 2026
23w ago
8-K
BEARISH ★ 6/10
$220.21 $228.58▼ −3.80%▲ +1.11%$231.99 (−5.35%)
Showing 8 of 8

US Market Status

Market Closed — Opens Mon (65h 1m)

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Report published May 15, 2026