Brendan Martin Mulshine - 04 Sep 2026 Form 4 Insider Report for RYAN SPECIALTY HOLDINGS, INC. (RYAN)

Reporting relationship: Co-President and CRO
Issuer ticker: RYAN
Reported as of: 04 Sep 2026
Net transaction value: -$1,620,320
SEC form: 4
Accepted by SEC: 09 Sep 2026, 17:27:13 UTC
Prior SEC filing: 06 May 2026
Source filing: View source filing
Reporting owner signature: /s/ Mark S. Katz, as Attorney-in-Fact

Key filing fact

Brendan Martin Mulshine filed Form 4 for RYAN SPECIALTY HOLDINGS, INC. (RYAN) on 09 Sep 2026.

Key facts

This page summarizes Brendan Martin Mulshine's Form 4 filing for RYAN SPECIALTY HOLDINGS, INC. (RYAN).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Sep 2026, 17:27.

Change

Previous filing in this sequence was filed on 06 May 2026.
Current net transaction value: -$1,620,320.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001869959 Primary reporting owner

MULSHINE BRENDAN MARTIN

Relationship: Co-President and CRO
Address: 155 NORTH WACKER DRIVE, SUITE 4000, CHICAGO
Signature: /s/ Mark S. Katz, as Attorney-in-Fact
Signature date: 09 Sep 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RYAN transaction

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: -40,000
Change %: -6.2%
Price: $0.000000^*
Shares after: 604,235
Date: 04 Sep 2026
Ownership: Direct
Footnotes: F1

RYAN transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +40,000
Change %: +53%
Price: $0.000000^*
Shares after: 115,366
Date: 04 Sep 2026
Ownership: Direct

RYAN transaction

Class A Common Stock

Sale

Transaction value: $1,620,320
Shares: -40,000
Change %: -35%
Price: $40.51
Shares after: 75,366
Date: 08 Sep 2026
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RYAN transaction Derivative

Common Units

Conversion of derivative security

Transaction value
Shares: -40,000
Change %: -6.2%
Price: $0.000000^*
Shares after: 604,235
Date: 04 Sep 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 40,000
Exercise price: $0.000000
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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, par value $0.001 per share, ("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.

Footnote F2

The price reported is a weighted average price. These shares of Class A Common Stock of the Issuer were sold in multiple transactions ranging from $40.47 to $40.67, 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.

Footnote F3

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 of the LLC (together with the delivery of an equal number of shares of Class B Common Stock of the Issuer) 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.