Form 4: Olympic Steel Director Disposes Shares in Merger

Olympic Steel director Scott Peter Jennings disposed of 5,030 common shares as part of the merger with Ryerson Holding Corporation.

Summary

• Scott Peter Jennings, a director of Olympic Steel, Inc. (ZEUS), reported a disposition of 5,030 shares of common stock.
• The transaction occurred on February 13, 2026.
• This disposition was a result of the Agreement and Plan of Merger, dated October 28, 2025, involving Olympic Steel, Inc., Ryerson Holding Corporation, and Crimson MS Corp.
• Following the merger, each share of Olympic Steel common stock was converted into 1.7105 shares of Ryerson Holding Corporation common stock, plus a cash payment for fractional shares.
• After this transaction, Scott Peter Jennings beneficially owns 0 shares of Olympic Steel common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a procedural change in beneficial ownership due to a previously announced merger rather than a discretionary trade or new operational development.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, especially those related to mergers, are common and reflect the mechanics of corporate actions rather than discretionary trading. The conversion ratio of 1.7105 shares of Ryerson for each Olympic Steel share indicates the agreed-upon valuation in the merger.

Stakeholder Impact

• Shareholders of Olympic Steel, Inc. had their shares converted into Ryerson Holding Corporation shares and cash for fractional shares, as per the merger agreement.
• The reporting person, a director, no longer holds direct beneficial ownership in Olympic Steel, Inc. common stock.

Key Dates

Keywords

Olympic Steel, ZEUS, Ryerson Holding Corporation, Merger, Form 4, Insider Trading, Stock Disposition, Corporate Action, Scott Peter Jennings