Form 4: Stovsky Richard P reports disposition transactions in ZEUS

Rhea-AI Filing Summary

Stovsky Richard P reported disposition transactions in a Form 4 filing for ZEUS. The filing lists transactions totaling 17,886 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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X

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^*

Stovsky Richard P

(Last) (First) (Middle)

C/O OLYMPIC STEEL, INC.

22901 MILL CREEK BLVD., SUITE 650

(Street)

HIGHLAND HILLS OH 44122

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OLYMPIC STEEL INC [ ZEUS ]

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	02/13/2026		D		10,231	D	(1)	0	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
Restricted Share Units	(2)	02/13/2026		D			7,655	(2)	(2)	Common Stock	7,655	(2)	0	D

Explanation of Responses:

1. Represents shares of Olympic Steel, Inc. common stock, without par value ("Company common stock"), disposed of pursuant to the Agreement and Plan of Merger ("Merger Agreement"), dated as of October 28, 2025, by and among Olympic Steel, Inc. (the "Company"), Ryerson Holding Corporation ("Parent"), and Crimson MS Corp. (including restricted shares that vested in connection with the merger). At the effective time of the merger, each such share of Company common stock was converted into the right to receive a number of shares of common stock, $0.01 par value per share, of Parent ("Parent common stock"), multiplied by 1.7105 (rounded down to the nearest whole share), plus a cash payment (rounded down to the nearest cent) in lieu of any fractional shares as determined pursuant to the Merger Agreement.

2. Each restricted share unit ("RSU") represents the contingent right to receive one share of Company common stock. These RSUs are fully vested and will generally be settled upon the Reporting Person's separation from service. Pursuant to the Merger Agreement, these RSUs were converted into RSUs with respect to Parent common stock by multiplying the number of shares of Company common stock underlying the award by 1.7105 (rounded down to the nearest whole share).

	/s/ Lisa K. Christen, as Attorney-In-Fact	02/17/2026
	** 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).
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FAQ

What insider transaction did Olympic Steel (ZEUS) report on February 13, 2026?

Olympic Steel director Richard P. Stovsky reported disposing of 10,231 common shares and 7,655 restricted share units on February 13, 2026. The transactions were recorded at a stated price of $0 per share in connection with a merger-related conversion of his holdings.

Why did Richard P. Stovsky dispose of Olympic Steel (ZEUS) shares and RSUs?

Richard P. Stovsky’s disposition of Olympic Steel shares and RSUs occurred pursuant to a merger agreement with Ryerson Holding Corporation and Crimson MS Corp. His Olympic Steel equity was converted into Ryerson common stock plus cash in lieu of fractional shares as specified in the merger terms.

How were Olympic Steel (ZEUS) common shares converted in the Ryerson merger?

Each Olympic Steel common share was converted into the right to receive Ryerson common stock using a 1.7105 exchange ratio. Any resulting fractional share amounts were settled in cash, rounded down to the nearest cent, as determined under the merger agreement.

What happened to Richard P. Stovsky’s Olympic Steel (ZEUS) restricted share units?

Each restricted share unit originally represented one Olympic Steel share and was fully vested. Under the merger agreement, these RSUs were converted into RSUs referencing Ryerson common stock by multiplying the underlying shares by 1.7105, rounded down to the nearest whole share.

When will the converted RSUs related to Olympic Steel (ZEUS) typically be settled?

The converted restricted share units tied to Olympic Steel will generally be settled upon Richard P. Stovsky’s separation from service. Although now referencing Ryerson common stock, their settlement timing still depends on when his service relationship with the company ends.

Did Richard P. Stovsky retain any direct Olympic Steel (ZEUS) holdings after the merger conversion?

Following the reported merger-related transactions, Richard P. Stovsky’s beneficial ownership of both Olympic Steel common stock and related restricted share units was listed as zero. His prior positions were converted into Ryerson equity and cash under the merger agreement’s exchange mechanics.