Scott Peter Jennings 4

What Happened

• Scott Peter Jennings, a director of Ryerson Holding Corp (RYI), received 8,603 shares of Ryerson common stock on February 13, 2026. The shares were issued to him in connection with the merger between Ryerson and Olympic Steel; he exchanged 5,030 shares of Olympic Steel for 8,603 Ryerson shares (no dollar value reported). This transaction is recorded as an acquisition (transaction code A) rather than an open‑market purchase.

Key Details

• Transaction date: 2026-02-13 (Form 4 filed the same day).
• Transaction type/code: Acquisition (A) — shares issued in merger consideration.
• Shares received: 8,603 Ryerson common shares.
• Consideration exchanged: 5,030 Olympic Steel common shares converted into Ryerson stock.
• Conversion ratio: Each Olympic Steel share converted into 1.7105 shares of Ryerson; cash was paid in lieu of any fractional shares (per the merger agreement).
• Price/total dollar value: Not reported (N/A on filing).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Transaction arose under the Agreement and Plan of Merger dated October 28, 2025 between Ryerson, Olympic Steel and Crimson MS Corp.

Context

• This was not a market buy or sale but a routine share conversion under the merger terms — common in M&A transactions and not necessarily a signal of insider sentiment. No options were exercised and no cash proceeds or open‑market trades were involved. The Form 4 was filed on the same date as the transaction, indicating timely reporting.