Vice President and Treasurer Christen Lisa K returned 375 shares to the company, closing all direct ownership in the company (SEC Form 4)
$ZEUS
Metal Fabrications
Industrials
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
OLYMPIC STEEL INC [ ZEUS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/13/2026 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/13/2026 | D | 375 | D | (1) | 0 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Share Units | (2) | 02/13/2026 | D | 1,058 | (2) | (2) | Common Stock | 1,058 | (3) | 0 | D | ||||
| Phantom Units | (3) | 02/13/2026 | D | 1,124 | (4) | (4) | Common Stock | 1,124 | (4) | 0 | D | ||||
| Phantom Units | (3) | 02/13/2026 | D | 2,286 | (5) | (5) | Common Stock | 2,286 | (4) | 0 | D | ||||
| Phantom Units | (3) | 02/13/2026 | D | 1,753 | (6) | (6) | Common Stock | 1,753 | (4) | 0 | D | ||||
| Explanation of Responses: |
| 1. Disposed of pursuant to the Agreement and Plan of Merger ("Merger Agreement"), dated as of October 28, 2025, by and among Olympic Steel, Inc. (the "Company"), Ryerson Holding Corporation ("Parent"), and Crimson MS Corp. At the effective time of the merger, each share of the Company's common stock, without par value ("Company common stock"), that was issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive a number of shares of common stock, $0.01 par value per share, of Parent ("Parent common stock"), multiplied by 1.7105 (rounded down to the nearest whole share), plus a cash payment (rounded down to the nearest cent) in lieu of any fractional shares as determined pursuant to the Merger Agreement. |
| 2. Each restricted share unit ("RSU") represents the contingent right to receive one share of Company common stock. These RSUs are fully vested. Pursuant to the Merger Agreement, these RSUs were converted into RSUs with respect to Parent common stock by multiplying the number of shares of Company common stock underlying the award by 1.7105 (rounded down to the nearest whole share) and then cancelled in exchange for a cash payment equal to the number of shares of Parent common stock underlying the award, multiplied by the closing price per share of Parent common stock on February 13, 2026 (less applicable taxes), payable within 30 days of such date. |
| 3. Each phantom unit represents the contingent right to receive a cash amount equal to the closing price of a share of Company common stock on the vesting date. |
| 4. Pursuant to the Merger Agreement, these phantom units were converted into phantom units with respect to Parent common stock by multiplying the number of phantom units by 1.7105 (rounded down to the nearest whole unit). A pro rata portion of the phantom units vested at the effective time of the merger, and a cash amount equal to such portion (1,360 units on an as-converted basis), multiplied by the closing price per share of Parent common stock on February 13, 2026 (less applicable taxes), will be paid in respect thereof within 30 days of such date. The remaining portion of the phantom units (563 units on an as-converted basis) will vest, generally subject to the Reporting Person's continued employment, on December 31, 2026. |
| 5. Pursuant to the Merger Agreement, these phantom units were converted into phantom units with respect to Parent common stock by multiplying the number of phantom units by 1.7105 (rounded down to the nearest whole unit). A pro rata portion of the phantom units vested at the effective time of the merger, and a cash amount equal to such portion (1,460 units on an as-converted basis), multiplied by the closing price per share of Parent common stock on February 13, 2026 (less applicable taxes), will be paid in respect thereof within 30 days of such date. The remaining portion of the phantom units (2,450 units on an as-converted basis) will vest, generally subject to the Reporting Person's continued employment, on December 31, 2027. |
| 6. Pursuant to the Merger Agreement, these phantom units were converted into phantom units with respect to Parent common stock by multiplying the number of phantom units by 1.7105 (rounded down to the nearest whole unit). |
| /s/ Lisa K. Christen | 02/17/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||