Whiting Vanessa 4

What Happened
Vanessa Whiting, a director of Olympic Steel, disposed of a total of 20,728 company-related units on 2026-02-13 in connection with the company’s merger. The filing shows (1) disposition of 5,231 shares of Olympic Steel common stock and (2) disposition of 15,497 RSU-derived shares (reported as a derivative disposition). No per-share sale price or cash value is reported because the shares were converted/settled under the Merger Agreement rather than sold in the open market. Under the Merger Agreement, each Olympic Steel share was converted into the right to receive 1.7105 shares of the acquiror (Ryerson Holding Corporation) common stock (rounded down to whole shares) plus cash in lieu of any fractional share.

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (filed timely).
• Reported dispositions: 5,231 company common shares (direct) and 15,497 RSU-based units (derivative).
• Conversion ratio per Merger Agreement: 1.7105 Parent shares per Olympic Steel share, with cash for fractions. By that ratio the dispositions convert to approximately 8,947 and 26,507 Parent shares, respectively (rounded down as specified).
• Price: N/A (shares converted/settled pursuant to merger, not an open-market sale).
• Shares owned after transaction: not specified in the filing.
• Footnotes: Transactions were pursuant to the Agreement and Plan of Merger dated Oct 28, 2025; the RSUs were fully vested, converted into Parent RSUs and immediately settled in Parent common stock at the merger’s effective time.

Context

• These were dispositions to the issuer as part of a merger consideration/settlement, not routine public market sales; the insider received acquiror stock (and cash in lieu of fractions) per the merger terms.
• Such merger-related conversions are administrative outcomes of a corporate transaction and should not be read as an open-market trading signal about the insider’s view of the stock.