Form 4: Scott Peter Jennings reports disposition transactions in ZEUS

Rhea-AI Filing Summary

Scott Peter Jennings reported disposition transactions in a Form 4 filing for ZEUS. The filing lists transactions totaling 5,030 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^*

Scott Peter Jennings

(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		5,030	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

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., Ryerson Holding Corporation ("Parent"), and Crimson MS Corp. 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, 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.

	/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 in this Form 4?

Olympic Steel reported that director Scott Peter Jennings disposed of 5,030 shares of common stock. The disposition occurred on February 13, 2026, as part of a merger transaction and was not an open-market sale at a stated share price.

How many Olympic Steel (ZEUS) shares did the director hold after the transaction?

After the merger-related transaction, director Scott Peter Jennings held 0 shares of Olympic Steel common stock. His 5,030 shares were fully converted into Ryerson Holding Corporation stock plus cash in lieu of fractional shares, leaving no remaining Olympic Steel position.

What was the consideration for Olympic Steel (ZEUS) shares in the Ryerson merger?

Each share of Olympic Steel common stock was converted into Ryerson common stock using a 1.7105 exchange ratio. The resulting Ryerson share count was rounded down to the nearest whole share, with a separate cash payment made instead of any fractional share amount.

Was the Olympic Steel (ZEUS) insider transaction a sale on the open market?

The transaction was not an open-market sale. It was a disposition to the issuer in connection with a merger, where Olympic Steel shares were automatically converted into Ryerson common stock plus cash in lieu of fractional shares under the Agreement and Plan of Merger.

Who was involved in the merger affecting Olympic Steel (ZEUS) insider holdings?

The merger involved Olympic Steel, Inc., Ryerson Holding Corporation as the parent company, and Crimson MS Corp. Director Scott Peter Jennings’ Olympic Steel shares were converted into Ryerson common stock and cash according to the terms of the Agreement and Plan of Merger dated October 28, 2025.

What does the 1.7105 exchange ratio mean for Olympic Steel (ZEUS) shareholders?

The 1.7105 exchange ratio means each Olympic Steel share became the right to receive 1.7105 shares of Ryerson common stock. The number was rounded down to a whole share, and any remaining fractional amount was settled with a separate cash payment instead of additional stock.