PATRICK G. RYAN JR - 01 Jan 2024 Form 3 Insider Report for RYAN SPECIALTY HOLDINGS, INC. (RYAN)

Role: Director
Signature: /s/ Mark S. Katz, as Attorney-in-Fact
Issuer symbol: RYAN
Transactions as of: 01 Jan 2024
Net transactions value: $0
Form type: 3
Filing time: 11 Jan 2024, 20:51:40 UTC
Next filing: 02 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Shares After	Date	Ownership	Footnotes
holding	RYAN	Class A Common Stock	252,135	01 Jan 2024	Direct
holding	RYAN	Class A Common Stock	400,695	01 Jan 2024	By Trusts	F1
holding	RYAN	Class B Common Stock	5,574,738	01 Jan 2024	By Trusts	F1

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
holding	RYAN	Common Units							01 Jan 2024	Class A Common Stock	5,574,738		By Trusts	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Equity (shares of Class A Common Stock of Ryan Specialty Holdings, Inc. (the "Issuer"), Class B Common Stock of the Issuer and Common Units of New Ryan Specialty. LLC (the "LLC"), as the case may be) is held in trusts, for which the reporting person is trustee, which trusts are for the benefit of the reporting person and/or his family members. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F2	Pursuant to the Amended and Restated Limited Liability Company Agreement of New Ryan Specialty, LLC, as amended, the reporting person may exchange all or a portion of such person's Common Units of the LLC (together with the delivery of an equal number of shares of Class B Common Stock of the Issuer) for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary adjustment, or, at the option of the Issuer, cash (based on the then-market value of the Class A Common Stock). The Common Units do not expire.

Content

Equity (shares of Class A Common Stock of Ryan Specialty Holdings, Inc. (the "Issuer"), Class B Common Stock of the Issuer and Common Units of New Ryan Specialty. LLC (the "LLC"), as the case may be) is held in trusts, for which the reporting person is trustee, which trusts are for the benefit of the reporting person and/or his family members. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.

Pursuant to the Amended and Restated Limited Liability Company Agreement of New Ryan Specialty, LLC, as amended, the reporting person may exchange all or a portion of such person's Common Units of the LLC (together with the delivery of an equal number of shares of Class B Common Stock of the Issuer) for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary adjustment, or, at the option of the Issuer, cash (based on the then-market value of the Class A Common Stock). The Common Units do not expire.