Ryan Specialty director granted 5,757 RSUs

BOLGER DAVID P reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

BOLGER DAVID P reported acquisition or exercise transactions in this Form 4 filing.

RYAN SPECIALTY HOLDINGS, INC. director David P. Bolger received an equity award of 5,757 shares of Class A Common Stock in the form of Restricted Stock Units that vested immediately upon grant at $0.00 per share. According to the filing, settlement of these units is deferred until his separation from service on the board, and the grant was approved by the board for purposes of Rule 16(b)(3). Following the award, he holds 20,580 Class A shares directly and 66,467 Class A shares indirectly through the David P. Bolger Revocable Trust dated 10/30/1995, with beneficial ownership disclaimed except to the extent of his pecuniary interest.

Insider Trade Summary

Grant/Award: 5,757 shares

Grant/Award 2 txns

Insider BOLGER DAVID P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	5,757	$0.00	$0.00
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 20,580 shares (Direct); Class A Common Stock — 66,467 shares (Indirect, David P. Bolger Revocable Trust dated 10/30/1995)

Footnotes (3)

1. F1. The reported securities represent Restricted Stock Units that vested immediately upon grant for which the reporting person has elected to defer settlement until their separation from service on the board of directors.
2. F2. The grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3).
3. F3. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.

Key Figures

RSU grant size: 5,757 shares Grant price per share: $0.00/share Direct holdings after grant: 20,580 shares +1 more

4 metrics

RSU grant size 5,757 shares Restricted Stock Units vested immediately upon grant

Grant price per share $0.00/share Equity award compensation, not open-market purchase

Direct holdings after grant 20,580 shares Class A Common Stock held directly by David P. Bolger

Indirect trust holdings 66,467 shares Held via David P. Bolger Revocable Trust dated 10/30/1995

Key Terms

Restricted Stock Units, Rule 16(b)(3), pecuniary interest

3 terms

Restricted Stock Units financial

"The reported securities represent Restricted Stock Units that vested immediately upon grant"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Rule 16(b)(3) regulatory

"The grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3)."

pecuniary interest financial

"The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein."

FAQ

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

What insider transaction did RYAN director David P. Bolger report?

David P. Bolger reported receiving 5,757 Restricted Stock Units of Ryan Specialty Class A Common Stock. These units vested immediately upon grant at no cost per share and represent equity-based compensation rather than an open-market stock purchase or sale.

How many Ryan Specialty (RYAN) shares does David P. Bolger hold after this filing?

After the reported grant, David P. Bolger holds 20,580 Class A shares directly and 66,467 Class A shares indirectly through a revocable trust. The filing notes he disclaims beneficial ownership except for his pecuniary interest in the indirectly held shares.

How are the 5,757 Ryan Specialty RSUs for David P. Bolger settled?

The 5,757 Restricted Stock Units vested immediately upon grant but settlement is deferred until Bolger’s separation from service on the Ryan Specialty board. This means actual share delivery occurs when his board service ends, not at the grant date.

Was the Ryan Specialty (RYAN) equity grant to David P. Bolger approved by the board?

Yes. The filing states that the grant was approved by the Ryan Specialty board of directors for purposes of Rule 16(b)(3). This board approval helps qualify the transaction for a specific securities law exemption on short-swing profit rules.

Does David P. Bolger control the Ryan Specialty shares held in the revocable trust?

The filing shows 66,467 Ryan Specialty Class A shares held indirectly through the David P. Bolger Revocable Trust dated 10/30/1995. It also states he disclaims beneficial ownership of those securities except to the extent of his pecuniary interest in them.

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

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Accepted by SEC EDGAR 04/30/2026 - 06:14 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BOLGER DAVID P

(Last) (First) (Middle)

155 NORTH WACKER DRIVE, SUITE 4000

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RYAN SPECIALTY HOLDINGS, INC. [ RYAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/28/2026		A		5,757(1)(2)	A	$0	20,580(1)	D
Class A Common Stock								66,467	I(3)	David P. Bolger Revocable Trust dated 10/30/1995

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported securities represent Restricted Stock Units that vested immediately upon grant for which the reporting person has elected to defer settlement until their separation from service on the board of directors.

2. The grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3).

3. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Mark S. Katz, as Attorney-in-Fact	04/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)