| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RYAN | Class B Common Units | Options Exercise | +1.83K | +0.66% | 280K | Apr 3, 2023 | Direct | F1, F2 | ||
| transaction | RYAN | Class B Common Units | Tax liability | -758 | -0.27% | 280K | Apr 3, 2023 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RYAN | Restricted LLC Units | Options Exercise | $0 | -1.83K | -33.34% | $0.00 | 3.66K | Apr 3, 2023 | Class A Common Stock | 1.83K | Direct | F3 | |
| transaction | RYAN | Common Units | Options Exercise | $0 | +1.83K | +0.66% | $0.00 | 280K | Apr 3, 2023 | Class A Common Stock | 1.83K | Direct | F4 | |
| transaction | RYAN | Common Units | Tax liability | -$30.5K | -758 | -0.27% | $40.24 | 280K | Apr 3, 2023 | Class A Common Stock | 758 | Direct | F4 |
| Id | Content |
|---|---|
| F1 | Shares of Class B Common Stock, par value $0.001 per share, ("Class B Common Stock") do not represent economic interests in the Issuer. Except as provided in the Issuer's certificate of incorporation or as required by applicable law, holders of Class B Common Stock will be initially entitled to 10 votes per share on all matters to be voted on by the Issuer's stockholders generally. Upon exchange of Common Units ("Common Units") of New Ryan Specialty, LLC, that are held by the Reporting Person and reported in Table II hereof, for an equal number of shares of Class A common Stock of the Issuer, an equal number of shares of the Issuer's Class B Common Stock will be cancelled for no consideration. |
| F2 | Class B Common Stock is issued on a one-for-one basis for each Common Unit issued to the Reporting Person upon vesting of the Reporting Person's Restricted LLC Units. |
| F3 | On March 18, 2022, the Reporting Person was granted 5,495 Restricted LLC Units which vest in three equal installments 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, or at the Issuer's option, one share of Class A Common Stock. The Common Units are exchangeable on a one-for-one basis for Class A Common Stock, subject to applicable adjustments. |
| F4 | 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 (together with the delivery of an equal number of shares of Class B Common Stock) for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary adjustments, 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. |
Executive Vice President and Chief Financial Officer