RDUS Director Disposes 18,739 Shares as $30 Cash Merger Closes

Q: When did Radius Recycling (RDUS) complete its merger with Toyota Tsusho America?

The merger closed on July 10 2025 .

Q: How many shares did Director Gregory R. Friedman dispose of according to the Form 4?

He disposed of 18,739.541 shares, including DSU equivalents.

Q: How were deferred stock unit (DSU) awards treated in the transaction?

All 9,607 DSUs vested immediately and were cashed out at $30 per underlying share plus accrued dividends.

[144] Shimmick Corporation SEC Filing

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

Radius Recycling, Inc. (RDUS) 鈥� SEC Form 4 insider filing

Director Gregory R. Friedman reported the disposition of his entire equity position in connection with the completion of Radius Recycling鈥檚 merger with Toyota Tsusho America, Inc. on July 10 2025.

Transaction: Disposition (Code D) of 18,739.541 shares of Class A common stock on 07/10/2025.
Consideration: Each share was converted into the right to receive $30.00 in cash pursuant to the Agreement and Plan of Merger dated 03/13/2025.
Deferred Stock Units: The total includes 9,607 unvested DSU awards that vested immediately at closing and were cancelled for the same cash amount plus accrued dividend equivalents.
Post-transaction ownership: Mr. Friedman now holds 0 RDUS shares; no derivative securities were reported.

The filing confirms that Radius Recycling is now a wholly-owned subsidiary of Toyota Tsusho America and that all public shares have been converted to cash.

Positive

Merger consummated: Filing confirms completion of the Toyota Tsusho America acquisition, triggering the agreed $30 cash payout per share.
Cash certainty: Shareholders, including insiders, receive immediate liquidity at the specified price.
DSU acceleration: 9,607 deferred stock units vested and were cashed out, eliminating overhang of future dilution.

Negative

None.

Insights

TL;DR: Insider Form 4 confirms $30-per-share cash-out as Radius Recycling鈥檚 merger with Toyota Tsusho closes; shareholder equity converted, insider exits.

The Form 4 substantiates the legal closing of the Toyota Tsusho acquisition. All outstanding RDUS shares, including 18,739.541 held by Director Gregory Friedman, were exchanged for $30 cash, extinguishing public equity. No derivatives remain, indicating a clean buy-out structure. For investors this is largely a procedural disclosure, but it provides definitive evidence that the deal reached consummation and payments are due. Impact is neutral: payout terms were previously announced and no new valuation data are introduced.

07/10/2025 - 04:48 PM

144: Filer Information

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144: Issuer Information

Name of Issuer

SEC File Number

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Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

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144: Securities Information

Title of the Class of Securities To Be Sold

Name and Address of the Broker

Number of Shares or Other Units To Be Sold

Aggregate Market Value

Number of Shares or Other Units Outstanding

Approximate Date of Sale

Name the Securities Exchange

Common

TD SECURITIES (USA) LLC
125 PARK AVE, 20TH FLOOR
New York NY 10017

2200

4368.98

34361459

07/10/2025

NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class

Date you Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired

Is this a Gift?

Date Donor Acquired

Amount of Securities Acquired

Date of Payment

Nature of Payment *

Common

12/09/2020

Private Acquisition

GOHO LLC

21908800

12/09/2020

Private Acquisition

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

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