GONCALVES LOURENCO (CEO) sold 3,000,000 shares of CLF at $12.42 for $37,257,300.00; liquidates entire position (-100.0%)
GONCALVES LOURENCO, the company's Chairman, President & CEO, sold all 3,000,000 shares of Cleveland-Cliffs on 2026-02-11, reducing his shareholding from 3,000,000 shares to 0 shares. This represents a complete exit of his equity stake, with the sale executed at $12.42 per share for a total value of $37,257,300.00. The timing is contextually significant: at the transaction price of $12.42, the stock was trading -22.9% from its 52-week high of $16.18, while the company itself faced fundamental headwinds including negative net income of $-251,000,000.00, annual revenue decline of -3.0%, and unprofitability over the most recent full fiscal year. While his cross-ticker track record shows a 100.00% well-timed rate on prior sells with an average 90d return of -18.3% (lower returns post-sale = well-timed), his prior trades at CLF are mixed: 2 of 3 prior trades were well-timed at the 90-day mark, including a 2024-03-06 sell that showed a -18.3% 90d return. A complete liquidation by an operating executive—particularly the CEO—merits investor scrutiny of the motivation and timing context.