{"scope": "company", "symbol": "STLD", "name": "Steel Dynamics Inc", "intelligence": {"score": 12, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 77, "confidence_label": "Well supported", "filings": 40, "companies": 1, "insiders": 14, "signal_events": 14, "acquisition_events": 0, "disposal_events": 14, "acquisition_share": 0.0, "disposal_share": 100.0, "acquisition_value": 0.0, "disposal_value": 7607516.71, "net_value": -7607516.71, "acquisition_value_label": "$0", "disposal_value_label": "$7.6M", "net_value_label": "-$7.6M", "data_quality": 35, "priced_common_share": 35, "latest_date": "2026-08-13", "latest_signal_date": "2026-06-05", "oldest_date": "2026-04-10", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 40, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 0, "bar_width": 0.0}, {"key": "derivative", "label": "Options and derivatives", "count": 0, "bar_width": 0.0}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Director", "count": 26, "bar_width": 100.0}, {"label": "Other executive", "count": 13, "bar_width": 50.0}, {"label": "CEO and chair", "count": 1, "bar_width": 3.8}], "supports": ["Participation spans 14 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.", "The latest qualifying filing is more than 30 days old."]}, "timeline": [{"start": "2026-06-29", "label": "29 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 6, 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{"start": "2026-08-10", "label": "10 Aug", "acquisitions": 1, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 1, "height": 16.7, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-08-17", "label": "17 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-24", "label": "24 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-31", "label": "31 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-09-07", "label": "07 Sep", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-09-14", "label": "14 Sep", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "market": {"latest_week": "2026-09-11", "latest_close": "239.790000", "currency": "USD", "one_week_change": "-0.9377840204907874080806411633", "thirteen_week_change": "-6.247800758493959416663408531", "four_week_change": "-6.247800758493959416663408531", "range_high": "288.074614", "range_low": "216.360000", "average_volume": 6153717, "relative_strength": "10.281247", "market_dynamics": "-0.763936", "fair_value": "148.173181", "fair_value_gap": "61.83090514875293120689634111", "trend_signal": "1", "one_week_change_label": "-0.9%", "thirteen_week_change_label": "-6.2%", "four_week_change_label": "-6.2%", "fair_value_gap_label": "+61.8%"}, "transactions": [{"date": "2026-08-13", "insider": "HAMANN, JENNIFER L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-07-28", "insider": "MILLETT, MARK D", "role": "Director, Chairman and CEO", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-07-10", "insider": "BARGABOS, SHEREE L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-07-10", "insider": "CORNEW, KENNETH W.", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-07-10", "insider": "DOLAN, TRACI M", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-07-10", "insider": "HAMANN, JENNIFER L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-07-10", "insider": "SEAMAN, BRADLEY S", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-07-10", "insider": "SIERRA, LUIS MANUEL", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-05", "insider": "ANDERSON, JAMES STANLEY", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "1184837.2200", "value_label": "$1.2M"}, {"date": "2026-06-05", "insider": "ANDERSON, JAMES STANLEY", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "1121190.3400", "value_label": "$1.1M"}, {"date": "2026-06-05", "insider": "ANDERSON, JAMES STANLEY", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "294085.0000", "value_label": "$294.1K"}, {"date": "2026-06-05", "insider": "ANDERSON, JAMES STANLEY", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "86917.4600", "value_label": "$86.9K"}, {"date": "2026-06-01", "insider": "BARGABOS, SHEREE L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-01", "insider": "CORNEW, KENNETH W.", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-01", "insider": "DOLAN, TRACI M", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-01", "insider": "HAMANN, JENNIFER L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-01", "insider": "SEAMAN, BRADLEY S", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-01", "insider": "SIERRA, LUIS MANUEL", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-05-14", "insider": "POINSATTE, RICHARD A", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-05-13", "insider": "GRAHAM, CHRISTOPHER A", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "711030.0000", "value_label": "$711.0K"}, {"date": "2026-05-13", "insider": "GRAHAM, CHRISTOPHER A", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "710936.9000", "value_label": "$710.9K"}, {"date": "2026-05-13", "insider": "GRAHAM, CHRISTOPHER A", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "709323.4800", "value_label": "$709.3K"}, {"date": "2026-05-12", "insider": "POINSATTE, RICHARD A", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "538453.0000", "value_label": "$538.5K"}, {"date": "2026-05-06", "insider": "BARGABOS, SHEREE L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-05-06", "insider": "HAMANN, JENNIFER L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-05-06", "insider": "TEETS, RICHARD P JR", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-05-01", "insider": "BICKFORD, CHAD", "role": "Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "37957.5600", "value_label": "$38.0K"}, {"date": "2026-04-23", "insider": "CORNEW, KENNETH W.", "role": "Director", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "1079280.0000", "value_label": "$1.1M"}, {"date": "2026-04-23", "insider": "ALVAREZ, MIGUEL", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "861045.7500", "value_label": "$861.0K"}, {"date": "2026-04-23", "insider": "ALVAREZ, MIGUEL", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "159474.0000", "value_label": "$159.5K"}, {"date": "2026-04-23", "insider": "ALVAREZ, MIGUEL", "role": "Senior Vice President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "67908.0000", "value_label": "$67.9K"}, {"date": "2026-04-23", "insider": "CORNEW, KENNETH W.", "role": "Director", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "45078.0000", "value_label": "$45.1K"}, {"date": "2026-04-10", "insider": "BARGABOS, SHEREE L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-10", "insider": "CORNEW, KENNETH W.", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-10", "insider": "DOLAN, TRACI M", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-10", "insider": "HAMANN, JENNIFER L", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-10", "insider": "SEAMAN, BRADLEY S", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-10", "insider": "SHAHEEN, GABRIEL", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-10", "insider": "SIERRA, LUIS MANUEL", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-10", "insider": "TEETS, RICHARD P JR", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}], "method": "Directional scores use deduplicated, priced common-share evidence with asymmetric disposal weighting, role, freshness, and size controls."}