Timothy William Turner - 05 Apr 2023 Form 4 Insider Report for RYAN SPECIALTY HOLDINGS, INC. (RYAN)

Role: President, Director
Signature: /s/ Mark S. Katz, as Attorney-in-Fact
Issuer symbol: RYAN
Transactions as of: 05 Apr 2023
Net transactions value: -$117,541
Form type: 4
Filing time: 07 Apr 2023, 16:48:39 UTC
Previous filing: 18 May 2022
Next filing: 24 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RYAN	Class A Common Stock	Options Exercise		+6,979			6,979	05 Apr 2023	Direct	F1
transaction	RYAN	Class A Common Stock	Tax liability	$117,541	-2,921	-42%	$40.24	4,058	05 Apr 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	-6,979	-33%	$0.000000	13,957	05 Apr 2023	Class A Common Stock	6,979		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.

Content

The Restricted LLC Units vested and, at the option of the Issuer, settled into shares of Class A Common Stock.

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.