Jo Paschal Alcorn - 21 Jul 2021 Form 4 Insider Report for RYAN SPECIALTY GROUP HOLDINGS, INC. (RYAN)

Role
Senior Vice President and Chief Human Resources Officer
Signature
/s/ Mark Katz by Power of Attorney
Issuer symbol
RYAN
Transactions as of
21 Jul 2021
Net transactions value
-$440,696
Form type
4
Filing time
23 Jul 2021, 18:28:48 UTC
Next filing
26 Jul 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RYAN Common Units [Obligation to Sell] Disposed to Issuer $440,696 -19,740 -100% $22.32 0 21 Jul 2021 Class A Common Stock 19,740 Direct F1, F2
transaction RYAN Class C Common Incentive Units [Right to Buy] Award +11,610 11,610 21 Jul 2021 Class A Common Stock 11,610 $23.50 Direct F2, F3
transaction RYAN Restricted LLC Units Award +57,657 57,657 21 Jul 2021 Class A Common Stock 57,657 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Common Units of Ryan Specialty Group, LLC ("Common Units") sold to the Issuer pursuant to the Mandatory Participation described in the Issuer's preliminary prospectus filed on July 12, 2021 for cash in an amount equal to the Issuer's initial public offering price per share less underwriting discounts and commissions. Such sale was approved by the Board of the Issuer for purposes of Rule 16(b)(3).
F2 The Reporting Person disclaims beneficial ownership except to the extent of her pecuniary interest therein.
F3 Represents Class C Common Incentive Units of Ryan Specialty Group, LLC which vest in equal amounts on the third, fourth and fifth anniversaries of the grant date. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3).The Class C Common Incentive Units will be exchangeable into Common Units, which will then be immediately redeemed on a one-for-one basis for Class A Common Stock, par value $0.001 ("Class A Common Stock"), of the Issuer based on the value of Common Units and the fair market value of the Class A Common Stock at the time of the applicable exchange. The participation threshold of Class C Common Incentive Units equal to the initial public offering price of the Issuer's Class A Common Stock.
F4 Represents Restricted LLC Units of Ryan Specialty Group, LLC which vest 20% each year until July 21, 2026 on the anniversary of the grant date. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3). Each Restricted LLC Unit represents a contingent right to receive one Common Unit. The Common Units are exchangeable on a one-for-one basis for Class A Common Stock of the Issuer based on the value of Common Units and the fair market value of the Class A Common Stock at the time of the applicable exchange.

Remarks:

Senior Vice President and Chief Human Resources Officer