Ryerson (NYSE: RYI) director gets 8,603 shares via Olympic Steel merger

Rhea-AI Filing Summary

Ryerson Holding Corp director Scott Peter Jennings reported acquiring shares through a merger-related stock swap. On 02/13/2026, he received 8,603 shares of Ryerson common stock, held directly, and owned 8,603 shares following the transaction.

The footnote explains that these shares were issued in exchange for 5,030 shares of Olympic Steel common stock in connection with a merger between Olympic Steel and Ryerson. Each Olympic Steel share was converted into 1.7105 Ryerson shares, with cash paid instead of any fractional shares.

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

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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^*

Scott Peter Jennings

(Last) (First) (Middle)

C/O RYERSON HOLDING CORPORATION

227 W. MONROE ST., 27TH FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ryerson Holding Corp [ RYI ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock (par value $0.01 per share)	02/13/2026		A		8,603	A	(1)	8,603	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person received 8,603 shares of the Issuer's common stock in exchange for 5,030 shares of common stock, without par value, of Olympic Steel, Inc. ("Olympic Steel") in connection with the merger between Olympic Steel and the Issuer (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of October 28, 2025 (the "Merger Agreement"), by and among the Issuer, Olympic Steel and Crimson MS Corp. In accordance with the Merger Agreement, each share of Olympic Steel's common stock was cancelled and converted into the right to receive 1.7105 shares of the Issuer's common stock, with cash paid in lieu of fractional shares.

	/s/ Camilla Rykke Merrick, attorney-in-fact	02/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Ryerson Holding Corp (RYI) report for Scott Peter Jennings?

Ryerson reported that director Scott Peter Jennings acquired 8,603 shares of its common stock. The shares were received on 02/13/2026 as part of a stock-for-stock merger exchange, rather than through an open-market purchase or sale transaction.

How many Ryerson (RYI) shares does Scott Peter Jennings own after this Form 4 transaction?

After the reported transaction, Scott Peter Jennings beneficially owns 8,603 shares of Ryerson common stock. The filing shows all of these shares as held directly, resulting entirely from the merger-related exchange with Olympic Steel shares.

Was the Ryerson (RYI) Form 4 transaction a stock purchase or a merger-related acquisition?

The transaction was a merger-related acquisition, not an open-market stock purchase. Jennings received Ryerson shares in exchange for his Olympic Steel shares as part of a merger, using a fixed share conversion ratio disclosed in the filing.

What share conversion ratio applied in the Ryerson and Olympic Steel merger?

Each share of Olympic Steel common stock was converted into 1.7105 shares of Ryerson common stock. Holders also received cash in place of any fractional shares, as specified in the merger agreement referenced in the insider filing.

Did Scott Peter Jennings pay cash for the Ryerson (RYI) shares reported on Form 4?

The filing shows a price per share of $0.0000, indicating no cash purchase price. Jennings received 8,603 Ryerson shares as consideration for 5,030 Olympic Steel shares under the merger terms, rather than paying cash in the market.

What role does Scott Peter Jennings hold at Ryerson Holding Corp (RYI)?

Scott Peter Jennings is identified in the filing as a director of Ryerson Holding Corp. The Form 4 lists him as a reporting person in his capacity as a director, with no officer title or 10% ownership status indicated.