Mark S. Katz - Apr 1, 2024 Form 4 Insider Report for RYAN SPECIALTY HOLDINGS, INC. (RYAN)

Role: EVP & General Counsel
Signature: /s/ Mark S. Katz
Stock symbol: RYAN
Transactions as of: Apr 1, 2024
Transactions value $: -$48,230
Form type: 4
Date filed: 4/2/2024, 04:54 PM
Previous filing: Apr 7, 2023
Next filing: Nov 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RYAN	Class A Common Stock	Options Exercise		+1.76K	+15.26%		13.3K	Apr 1, 2024	Direct	F1
transaction	RYAN	Class A Common Stock	Tax liability	-$48.2K	-869	-6.56%	$55.50	12.4K	Apr 1, 2024	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	-1.76K	-50%	$0.00	1.76K	Apr 1, 2024	Class A Common Stock	1.76K		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 5,266 Restricted LLC Units which vest in three equal installments 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 5,266 Restricted LLC Units which vest in three equal installments 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.