Ryan Specialty officer plans $1.6M stock sale

Officer Brendan Mulshine filed a Rule 144 notice to sell 40,000 RYAN Class A shares valued at about $1.62 million.

Rhea-AI Filing Summary

RYAN SPECIALTY HOLDINGS, INC. (RYAN) received a notice under Rule 144 from officer Brendan Martin Mulshine for a proposed sale of 40,000 shares of Class A Common Stock through Morgan Stanley Smith Barney LLC. The shares have an aggregate market value of $1,620,320, with 122,077,702 Class A shares outstanding as of September 8, 2026. The securities were acquired on July 21, 2021 via conversion of pre-IPO incentive equity into LLC units in a post-IPO UP-C corporate structure for services rendered.

Key Figures

Shares to be sold: 40,000 shares Aggregate market value: $1,620,320 Shares outstanding: 122,077,702 shares +2 more

5 metrics

Shares to be sold 40,000 shares Class A Common Stock proposed for sale under Rule 144

Aggregate market value $1,620,320 Value of 40,000 Class A shares proposed for sale

Shares outstanding 122,077,702 shares Class A Common Stock outstanding as of September 8, 2026

Approximate sale date September 8, 2026 Planned timing of the Rule 144 sale

Acquisition date July 21, 2021 Date the 40,000 shares were acquired via conversion of pre-IPO incentive equity

Key Terms

Rule 144, UP-C Corporate Structure, aggregate market value, services rendered

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

UP-C Corporate Structure financial

"LLC Units of Post IPO UP-C Corporate Structure"

aggregate market value financial

"40000 | 1620320.00 | 122077702 | 09/08/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

services rendered financial

"40000 | 07/21/2021 | Services Rendered"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for RYAN Specialty Holdings (RYAN)?

The filing discloses that officer Brendan Martin Mulshine plans to sell 40,000 shares of RYAN Class A Common Stock under Rule 144 through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,620,320 and an approximate sale date of September 8, 2026.

How many RYAN (RYAN) shares are outstanding as referenced in this Form 144?

The notice states that 122,077,702 shares of RYAN Class A Common Stock were outstanding as of September 8, 2026; this figure is provided as context for the proposed Rule 144 sale.

How were the RYAN (RYAN) shares to be sold under this Form 144 acquired?

The 40,000 shares to be sold were acquired on July 21, 2021 through a conversion of pre-IPO incentive equity into LLC units as part of a post-IPO UP-C corporate structure, with the consideration described as services rendered.

Which broker is named for the proposed RYAN (RYAN) Rule 144 sale?

The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, as the broker handling the proposed sale of 40,000 shares of RYAN Class A Common Stock on the NYSE.

Does the Form 144 show any RYAN (RYAN) shares sold in the prior three months?

The section for Securities Sold During The Past 3 Months contains no entries, indicating no reported sales of RYAN securities by the same person for aggregation during that period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/08/2026 - 04:14 PM EDT Accepted by SEC EDGAR 09/08/2026 - 04:13 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001869959
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	RYAN SPECIALTY HOLDINGS, INC.
SEC File Number	001-40645
Address of Issuer	155 N. Wacker Drive, Suite 4000 Chicago ILLINOIS 60606
Phone	(312) 784-6001
Name of Person for Whose Account the Securities are To Be Sold	BRENDAN MARTIN MULSHINE
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	40000	1620320.00	122077702	09/08/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	07/21/2021	Conversion of Pre IPO Incentive Equity into LLC Units of Post IPO UP-C Corporate Structure	Issuer			40000	07/21/2021	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/08/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Brendan M. Mulshine
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)