GRAFTECH INTERNATIONAL LTD

There have been no material changes to the Risk Factors disclosed in Part 1, Item 1A., “Risk Factors,” in our Annual Report on Form 10-K filed on February 13, 2026. You should not interpret the disclosure of any risk factor to imply that the risk has not already materialized.

On March 18, 2026, the Company issued an aggregate of 250,000 warrants to a consultant pursuant to an agreement with respect to consulting services. The Warrants entitle the holder to purchase up to 250,000 shares of common stock (each, a “Warrant Share”) at an exercise price of $10.00 per Warrant Share until March 18, 2028. The warrants include a cashless exercise right. We relied upon the exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”), provided by Rule 506(b) of Regulation D and/or Section 4(a)(2) under the Securities Act for the issuance of the Warrants, since the offering and sale of such securities did not involve a public offering and the recipient was an accredited investor. The securities were offered without any general solicitation by us or our representatives.