CLEVELAND-CLIFFS INC. — Director's Dealing 2022

Jun 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEVELAND-CLIFFS INC. (CLF)
CIK: 0000764065
Period of Report: 2022-06-07

Reporting Person: Taylor Douglas C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-07	Common Shares	S	28150	$23.1232	Disposed	0	Indirect
2022-06-08	Common Shares	S	21850	$22.7693	Disposed	156974.21	Direct

Footnotes

F1: The price reported in column four is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.075 to $23.18, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares purchased at each separate price within this range.

F2: These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is a trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F3: The price reported in column four is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.70 to $22.86, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares purchased at each separate price within this range.