Are Stephen Paul Koch’s Reliance (RS) share sales described as open-market transactions?

Yes. The Form 4 labels his share sales with transaction code “S,” described as sales in open-market or private transactions. The filing also notes weighted average sale prices and provides price ranges for the underlying individual trades.

Reliance (NYSE: RS) EVP Stephen Koch awarded shares and sells 24,060

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Reliance, Inc. executive Stephen Paul Koch reported both a stock grant and share sales. On February 23, 2026, he acquired 24,060 shares of common stock as a grant at $0.00 per share, then sold a total of 24,060 shares in open-market transactions at weighted average prices around $321–$323 per share.

Following these transactions, Koch directly owned 14,021 shares of Reliance common stock. He also had indirect holdings of 747 shares in the Reliance, Inc. Employee Stock Ownership Plan and 1,136 shares in the Reliance, Inc. 401(k) Plan.

Insider Trade Summary

Net Seller: 24,060 shares ($7,738,272)

Net Sell 6 txns

Insider Koch Stephen Paul

Role Exec. VP, COO

Sold 24,060 shs ($7.74M)

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	24,060	$0.00	--
Sale	Common Stock	13,888	$321.39	$4.46M
Sale	Common Stock	10,132	$321.94	$3.26M
Sale	Common Stock	40	$322.80	$13K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 38,081 shares (Direct); Common Stock — 747 shares (Indirect, Held by Trustee of Reliance, Inc. Employee Stock Ownership Plan)

Footnotes (1)

The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $320.73 to $321.73. The Reporting Person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $321.75 to $322.74. The Reporting Person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

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Form 4 Insider Transactions: What Each Field Means →

02/25/2026 - 06:24 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Koch Stephen Paul

(Last)

(First)

(Middle)

C/O RELIANCE, INC.

735 N. 19TH AVENUE

(Street)

PHOENIX

85009

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
RELIANCE, INC. [ RS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Exec. VP, COO

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/23/2026		A		24,060	A	$0	38,081	D
Common Stock	02/23/2026		S		13,888	D	$321.39⁽¹⁾	24,193	D
Common Stock	02/23/2026		S		10,132	D	$321.94⁽²⁾	14,061	D
Common Stock	02/23/2026		S		40	D	$322.8	14,021	D
Common Stock								747	I	Held by Trustee of Reliance, Inc. Employee Stock Ownership Plan
Common Stock								1,136	I	Held by Trustee of Reliance, Inc. 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $320.73 to $321.73. The Reporting Person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

2. The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $321.75 to $322.74. The Reporting Person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

	/s/ Stephen Paul Koch by William A. Smith II as his Attorney-in-Fact	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Reliance (RS) executive Stephen Paul Koch report?

Stephen Paul Koch reported a stock grant and related sales. He received 24,060 Reliance common shares as a grant, then sold 24,060 shares in several open-market transactions, all dated February 23, 2026, at prices around $321–$323 per share.

How many Reliance (RS) shares did Stephen Paul Koch sell and at what prices?

Koch sold 24,060 Reliance common shares in three reported open-market sales. The transactions were executed at weighted average prices of $321.39, $321.94, and $322.80 per share, with actual sale prices ranging within narrow ranges around those averages.

How many Reliance (RS) shares does Stephen Paul Koch own after these transactions?

After the reported transactions, Koch directly owned 14,021 Reliance common shares. In addition, he had 747 shares held through the Reliance Employee Stock Ownership Plan and 1,136 shares held through the Reliance 401(k) Plan, both reported as indirect ownership.

What type of Reliance (RS) stock award did Stephen Paul Koch receive?

Koch received an award of 24,060 shares of Reliance common stock. The Form 4 records this award under transaction code “A,” described as a grant, award, or other acquisition, with a price of $0.00 per share on February 23, 2026.