Timothy William Turner - Apr 5, 2023 Form 4 Insider Report for RYAN SPECIALTY HOLDINGS, INC. (RYAN)

Role
President, Director
Signature
/s/ Mark S. Katz, as Attorney-in-Fact
Stock symbol
RYAN
Transactions as of
Apr 5, 2023
Transactions value $
-$117,541
Form type
4
Date filed
4/7/2023, 04:48 PM
Previous filing
May 18, 2022
Next filing
May 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RYAN Class A Common Stock Options Exercise +6.98K 6.98K Apr 5, 2023 Direct F1
transaction RYAN Class A Common Stock Tax liability -$118K -2.92K -41.85% $40.24 4.06K Apr 5, 2023 Direct

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 Options Exercise $0 -6.98K -33.33% $0.00 14K Apr 5, 2023 Class A Common Stock 6.98K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted LLC Units vested and, at the option of the Issuer, settled into shares of Class A Common Stock.
F2 On March 18, 2022, the Reporting Person was granted 20,936 Restricted LLC Units which vest in three equal instalments on 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.