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CLEVELAND-CLIFFS INC. Director's Dealing 2025

Jan 7, 2025

30881_dirs_2025-01-07_f9a3d3bd-952f-4baf-96a3-ec76e7af4a7b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEVELAND-CLIFFS INC. (CLF)
CIK: 0000764065
Period of Report: 2025-01-03

Reporting Person: Smith Clifford T (EVP & Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-03	Common Shares	F	14269	$9.50	Disposed	555840	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	200000	Indirect

Footnotes

F1: Reflects the mandatory surrender of shares underlying restricted share units in payment of the related tax liability incurred on January 3, 2025 in connection with payout of the restricted share units.

F2: Reflects the Reporting Person's contribution of Issuer common shares to a grantor retained annuity trust since the date of the Reporting Person's last Section 16 report. These shares were previously reflected on the Reporting Person's Section 16 reports as being directly held.