Transaction Details

Footnotes

The Reporting Person received 33,975 shares of the Issuer's common stock in exchange for 19,863 shares of common stock, without par value, of Olympic Steel, Inc. ("Olympic Steel") in connection with the merger between Olympic Steel and the Issuer (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of October 28, 2025 (the "Merger Agreement"), by and among the Issuer, Olympic Steel and Crimson MS Corp. In accordance with the Merger Agreement, each share of Olympic Steel's common stock was cancelled and converted into the right to receive 1.7105 shares (the "Exchange Ratio") of the Issuer's common stock, with cash paid in lieu of fractional shares. | Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. | The restricted stock units have fully vested. Vested shares will be delivered to the reporting person upon separation of service. | Pursuant to the Merger Agreement, at the effective time, the reporting person's Olympic Steel restricted stock units were assumed and converted into restricted stock units with respect to a number of shares of the Issuer's common stock (rounded down to the nearest whole share) determined by multiplying (i) the number of shares of Olympic Steel common stock subject to the Olympic Steel restricted stock unit immediately prior to the effective time of the Merger by (ii) the Exchange Ratio. The converted restricted stock units will otherwise be subject to the same terms and conditions as were applicable to the Olympic Steel restricted stock units prior to the effective time of the Merger. | The Reporting Person received 18,085 restricted stock units of the Issuer in exchange for restricted stock units with respect to 10,573 shares of Olympic Steel's common stock. | The Reporting Person received 26,844 restricted stock units of the Issuer in exchange for restricted stock units with respect to 15,694 shares of Olympic Steel's common stock. | The restricted stock units will vest on December 31, 2026. Vested shares will be delivered to the reporting person within 90 days following the vesting date. | The Reporting Person received 10,257 restricted stock units of the Issuer in exchange for restricted stock units with respect 5,997 shares of Olympic Steel's common stock. | The restricted stock units will vest on December 31, 2027. Vested shares will be delivered to the reporting person within 90 days following the vesting date. | The Reporting Person received 10,263 restricted stock units of the Issuer in exchange for restricted stock units with respect to 6,000 shares of Olympic Steel's common stock. | The Reporting Person received a one-time sign-on restricted stock unit award in connection with the Merger, which will vest on the third anniversary of the closing date of the Merger. Vested shares will be delivered to the reporting person upon vesting.