Stovsky Richard P 4

What Happened

• Richard P. Stovsky, a director of Ryerson Holding Corp (RYI), was granted/received a total of 30,591 instruments on 2026-02-13: 17,499 shares of Ryerson common stock and 13,092 restricted stock units (RSUs).
• These shares and RSUs were received in connection with Ryerson’s merger with Olympic Steel and resulted from conversion/exchange of Stovsky’s Olympic Steel common stock, restricted stock awards and restricted stock units under the merger agreement. No cash price per share was reported (price = N/A).

Key Details

• Transaction date: 2026-02-13 (filing date: 2026-02-13) — filing appears timely.
• Instruments received: 17,499 shares (from conversion of Olympic Steel common stock and restricted stock awards) and 13,092 RSUs (converted from Olympic Steel RSUs). Total = 30,591.
• Exchange ratio: Olympic Steel shares converted at 1.7105 Ryerson shares per Olympic Steel share (per the merger agreement).
• Vesting/delivery: The filing notes the RSUs were converted and the restricted stock units have fully vested; vested shares will be delivered upon separation of service (see filing footnotes).
• Shares owned after transaction: not disclosed in the Form 4.
• Footnotes summary: conversions and assumptions of Olympic Steel common stock, restricted stock awards and restricted stock units into Ryerson common shares/RSUs pursuant to the October 28, 2025 merger agreement (see F1–F8 in the filing).

Context

• These are merger-related equity conversions (awards/acquisitions), not open-market purchases or sales; they reflect exchange of pre-existing Olympic Steel equity for Ryerson equity under the merger terms.
• RSUs are contingent rights to receive shares and, per the filing, are treated under the original award terms after conversion; vested RSUs may still be delivered only upon the holder’s separation of service.
• Because no sale or open-market purchase occurred, this transaction is not a direct signal of buying or selling intent in the secondary market—it's a contractual conversion tied to the corporate transaction.