Timothy William Turner - Mar 18, 2022 Form 4 Insider Report for RYAN SPECIALTY GROUP HOLDINGS, INC. (RYAN)

Role: President
Signature: /s/ Mark Katz, as Attorney-in-Fact
Stock symbol: RYAN
Transactions as of: Mar 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/22/2022, 04:53 PM
Previous filing: Jul 21, 2021
Next filing: May 18, 2022

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	Restricted LLC Units	Award		+20.9K			20.9K	Mar 18, 2022	Class A Common Stock	20.9K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents Restricted LLC Units of Ryan Specialty Group, LLC which vest in three equal instalments on each of April 1, 2023, 2024 and 2025. 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 and one share of Class B Common Stock. 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.

Content

Represents Restricted LLC Units of Ryan Specialty Group, LLC which vest in three equal instalments on each of April 1, 2023, 2024 and 2025. 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 and one share of Class B Common Stock. 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.