EVP Chief Legal Admin sells 120.0K CLF shares at $6.85; stock down 63.4% from 52-week high, company unprofitable.
Graham James D, as EVP Chief Legal & Administrative Officer, sold 120,000 shares at $6.85 on 2025-05-23, reducing holdings by 19.6% to 492.2K shares and realizing $822.0K. The sale occurs in a sharply weakened context: Cleveland-Cliffs is trading at $6.48, down 63.4% from its 52-week high of $17.71, and has declined 42.9% over the trailing 90 days and 14.1% over the past 30 days. Operationally, the company reported a net loss of $483.0M in the latest quarter and generated negative full-year net income despite $4.6B in quarterly revenue, with annual revenue declining 12.8% year-over-year. The sale by the chief legal officer during a period of significant stock deterioration and ongoing profitability challenges represents a material reduction in executive holdings worth monitoring.