Brendan Martin Mulshine - Jun 6, 2023 Form 4 Insider Report for RYAN SPECIALTY HOLDINGS, INC. (RYAN)

Role
Executive Vice President and Chief Revenue Officer
Signature
/s/ Mark S. Katz
Stock symbol
RYAN
Transactions as of
Jun 6, 2023
Transactions value $
-$1,459,812
Form type
4
Date filed
6/8/2023, 05:30 PM
Previous filing
Apr 7, 2023
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RYAN Class A Common Stock Sale -$1.46M -35K -46.92% $41.71 39.6K Jun 6, 2023 See footnote F1, F2, F3
transaction RYAN Class B Common Srock Conversion of derivative security $0 -35K -4.5% $0.00 744K Jun 8, 2023 Direct F4, F5
transaction RYAN Class A Common Stock Conversion of derivative security $0 +35K +88.4% $0.00 74.6K Jun 8, 2023 See footnote F2, F3, F5

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 Common Units Conversion of derivative security -35K -4.5% 744K Jun 8, 2023 Class A Common Stock 35K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares of Class A Common Stock, par value $0.001, (the "Class A Common Stock") of Ryan Specialty Holdings, Inc. (the "Issuer") were sold in multiple transactions ranging from $41.40 to $41.945, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock sold at each separate price in the ranges set forth in this footnote.
F2 The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F3 Held jointly by the reporting person and his spouse.
F4 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.
F5 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 an equal number of shares of the Issuer's Class B Common Stock will be cancelled for no consideration.
F6 Each Common Unit, together with a share of Class B Common Stock, may be converted by the holder into one share of Class A Common Stock at any time. The Common Units do not expire.

Remarks:

Executive Vice President and Chief Revenue Officer