X0202 SCHEDULE 13D/A 0000914712 XXXXXXXX LIVE 8 Common Stock, $0.05 Par Value 11/09/2026 false 0000034067 23291C103 DMC Global Inc.

11800 RIDGE PARKWAY SUITE 300 BROOMFIELD CO 80021

Warren G. Lichtenstein 212-520-2300 Steel Partners Holdings L.P. 590 Madison Avenue, 32nd Floor New York NY 10022 0001452857 N STEEL PARTNERS HOLDINGS L.P. AF N DE 0.00 817187.00 0.00 817187.00 817187.00 N 4.0 PN 0001537666 N Steel Partners Holdings GP Inc. AF N DE 0.00 817187.00 0.00 817187.00 817187.00 N 4.0 CO 0001522067 N SPH Group LLC AF N DE 0.00 817187.00 0.00 817187.00 817187.00 N 4.0 OO 0001522066 N SPH Group Holdings LLC AF N DE 0.00 817187.00 0.00 817187.00 817187.00 N 4.0 OO 0000709804 N Steel Excel Inc. AF N DE 0.00 817187.00 0.00 817187.00 817187.00 N 4.0 CO 0000914712 N Steel Connect LLC AF N DE 0.00 817187.00 0.00 817187.00 817187.00 N 4.0 OO 0002099397 N SP Strategic Holdings LLC OO N DE 0.00 817187.00 0.00 817187.00 817187.00 N 4.0 OO Common Stock, $0.05 Par Value DMC Global Inc. 11800 RIDGE PARKWAY SUITE 300 BROOMFIELD CO 80021 Item 2(a) is hereby amended to add the following: Effective May 29, 2026, Steel Connect Sub LLC, a Delaware limited liability company, underwent a name change to SP Strategic Holdings LLC ("SP Strategic Holdings"). All references to Steel Connect Sub herein are now deemed to refer to SP Strategic Holdings. Item 3 is hereby amended and restated as follows: The aggregate purchase price of the 817,187 Shares owned directly by SP Strategic Holdings is approximately $17,819,680, including brokerage commissions. Such Shares were acquired with SP Strategic Holdings' cash on hand. Item 5(a) is hereby amended and restated as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 20,540,949 Shares outstanding, which is the total number of Shares outstanding as of October 20, 2026 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 27, 2026. As of the close of business on the date hereof, SP Strategic Holdings owned directly 817,187 Shares, constituting approximately 4.0% of the Shares outstanding. By virtue of their relationships with SP Strategic Holdings, each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP, Steel Excel and Steel Connect may be deemed to beneficially own the Shares owned directly by SP Strategic Holdings. Item 5(c) is hereby amended and restated as follows: The transactions in the Shares by SP Strategic Holdings during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference. All of such transactions were effected in the open market. Item 5(e) is hereby amended and restated to read as follows: As of November 2, 2026, the Reporting Persons ceased to be the beneficial owners of more than 5% of the outstanding Shares. Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities STEEL PARTNERS HOLDINGS L.P. /s/ Maria Reda 11/10/2026 Steel Partners Holdings GP Inc. /s/ Maria Reda 11/10/2026 SPH Group LLC /s/ Maria Reda 11/10/2026 SPH Group Holdings LLC /s/ Maria Reda 11/10/2026 Steel Excel Inc. /s/ Maria Reda 11/10/2026 Steel Connect LLC /s/ Maria Reda 11/10/2026 SP Strategic Holdings LLC /s/ Maria Reda 11/10/2026