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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
764065	Cleveland-Cliffs Inc.	CLF	Metal Mining (1000)	341464672

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1236128	Lourenco Goncalves	200 Public Square Suite 3300 Cleveland OH 44114-2315	Chairman, President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Acquisiton	2024-03-06	187,136	$7.70	2,886,225	No	4	M	Direct
Common Shares	Disposition	2024-03-06	187,136	$20.19	2,699,089	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Employee Stock Options (right-to-buy)	Disposition	2024-03-06	187,136	$0.00	187,136	$7.70

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2017-12-31	2025-01-11	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	898,800	Indirect	By 2022 grantor retained annuity trust
Common Shares	2,101,200	Indirect	By 2023 grantor retained annuity trust

Footnotes

This transaction represents the exercise of compensatory stock options, the expiration date of which is January 11, 2025.
The price reported in column four is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.36, 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 sold at each separate price within this range.
For purposes of clarity, the aggregate number of common shares and share equivalents held both directly and indirectly by the Reporting Person as shown on this Form 4 is 5,699,089.