CFO Goncalves sells 214,308 CLF shares at $13.41; divests 53.7% of holdings amid negative profitability.
Celso L Jr Goncalves, EVP and CFO of Cleveland-Cliffs, executed a substantial open-market sale of 214,308 shares on 2026-06-05 at $13.41, reducing his position from 398,849 to 184,541 shares—a 53.7% reduction. This divestment occurs within a context of company-level headwinds: Cleveland-Cliffs reported $-237,000,000.00 net income for the most recent full fiscal year and $4,922,000,000.00 in quarterly revenue with -3.0% year-over-year growth. Notably, his prior trade at CLF (a buy on 2024-06-12) had a 90-day return of -27.2%, yet he has not demonstrated a pattern of well-timed exits: his cross-ticker track record shows 1 prior buy with a 0.00% 90-day win rate. The current stock price of $13.53 stands 19.0% below the 52-week high of $16.70, though it is +21.4% over the past 30 days and +37.6% over 90 days, suggesting recent recovery momentum that may have presented an opportunity to exit a materially larger portion of holdings.