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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0000921895-24-001414 0000914712 XXXXXXXX LIVE 5 Common Stock, $0.05 Par Value 02/02/2026 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 1733225.00 0.00 1733225.00 1733225.00 N 8.4 PN 0001537666 N Steel Partners Holdings GP Inc. AF N DE 0.00 1733225.00 0.00 1733225.00 1733225.00 N 8.4 CO 0001522067 N SPH Group LLC AF N DE 0.00 1733225.00 0.00 1733225.00 1733225.00 N 8.4 OO 0001522066 N SPH Group Holdings LLC AF N DE 0.00 1733225.00 0.00 1733225.00 1733225.00 N 8.4 OO 0000709804 N Steel Excel Inc. AF N DE 0.00 1733225.00 0.00 1733225.00 1733225.00 N 8.4 CO 0000914712 N Steel Connect LLC AF N DE 0.00 1733225.00 0.00 1733225.00 1733225.00 N 8.4 OO 0002099397 N STEEL CONNECT SUB LLC OO N DE 0.00 1733225.00 0.00 1733225.00 1733225.00 N 8.4 OO Common Stock, $0.05 Par Value DMC Global Inc. 11800 RIDGE PARKWAY SUITE 300 BROOMFIELD CO 80021 Item 3 is hereby amended and restated as follows: The aggregate purchase price of the 1,733,225 Shares owned directly by Steel Connect Sub is approximately $24,633,556, including brokerage commissions. Such Shares were acquired with Steel Connect Sub's 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 20,590,482 Shares outstanding, which is the total number of Shares outstanding as of October 31, 2025 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2025. As of the close of business on the date hereof, Steel Connect Sub owned directly 1,733,225 Shares, constituting approximately 8.4% of the Shares outstanding. By virtue of their relationships with Steel Connect Sub, 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 Steel Connect Sub. Item 5(c) is hereby amended and restated as follows: The transactions in the Shares by Steel Connect Sub 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 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities STEEL PARTNERS HOLDINGS L.P. /s/ Maria Reda Maria Reda, Secretary of Steel Partners Holdings GP Inc., its General Partner 02/04/2026 Steel Partners Holdings GP Inc. /s/ Maria Reda Maria Reda, Secretary 02/04/2026 SPH Group LLC /s/ Maria Reda Maria Reda, Secretary of Steel Partners Holdings GP Inc., its Managing Member 02/04/2026 SPH Group Holdings LLC /s/ Maria Reda Maria Reda, Secretary of Steel Partners Holdings GP Inc., its Manager 02/04/2026 Steel Excel Inc. /s/ Maria Reda Maria Reda, Secretary 02/04/2026 Steel Connect LLC /s/ Maria Reda Maria Reda, Secretary 02/04/2026 STEEL CONNECT SUB LLC /s/ Maria Reda Maria Reda, Secretary 02/04/2026