Stovsky Richard P 4

What Happened

• Richard P. Stovsky, a director of Olympic Steel, disposed of a total of 17,886 shares on February 13, 2026. This consists of 10,231 shares of company common stock and 7,655 derivative units (RSU-based), both reported as dispositions to the issuer pursuant to the company’s merger agreement. No per‑share prices are listed in the Form 4 (values shown as N/A).

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (reporting period 2/13/2026).
• Shares disposed: 10,231 common shares + 7,655 derivative/RSU-related units = 17,886 total.
• Prices/values: Not reported on the Form 4 (listed as N/A).
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: Common shares were disposed pursuant to the Agreement and Plan of Merger; at the merger effective time each company share was converted into Parent common stock at a multiplier of 1.7105 plus cash in lieu of any fractional share.
• Footnote F2: Each RSU represented one company share; fully vested RSUs were converted into Parent RSUs at the same 1.7105 multiplier under the merger.

Context

• These dispositions are tied to the October 28, 2025 Merger Agreement (conversion into Parent stock and cash for fractional shares), not an open‑market sale. For retail investors, merger-related transfers are typically corporate-transaction driven and don’t necessarily signal the insider’s view of the stock’s standalone future performance.