Director at Ryan Specialty (NYSE: RYAN) gets 5,757 stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kuczinski Anthony J reported acquisition or exercise transactions in this Form 4 filing.

RYAN SPECIALTY HOLDINGS, INC. director Anthony J. Kuczinski reported receiving 5,757 shares of Class A Common Stock as a grant, recorded at a price of $0.00 per share. These represent Restricted Stock Units that vested immediately, but he elected to defer settlement until he leaves the board.

After this award, his directly reported holdings increased to 10,072 shares. The footnotes add that his position also reflects 8,080 Restricted Stock Units that vested immediately on grant, for which settlement has likewise been deferred until his separation from board service. This filing reflects routine, compensation-related equity awards rather than open‑market buying or selling.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kuczinski Anthony J

Role null

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

Holdings After Transaction: Class A Common Stock — 10,072 shares (Direct, null)

Footnotes (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. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3). Includes 8,080 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.

Key Figures

RSU grant: 5,757 shares Price per share for grant: $0.00 per share Shares after transaction: 10,072 shares +1 more

4 metrics

RSU grant 5,757 shares Restricted Stock Units vested immediately on grant

Price per share for grant $0.00 per share Recorded transaction price for Class A Common Stock grant

Shares after transaction 10,072 shares Total Class A Common Stock reported following transaction

Previously vested RSUs deferred 8,080 units Restricted Stock Units vested and deferred until board separation

Key Terms

Restricted Stock Units, defer settlement, Rule 16(b)(3)

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.

defer settlement financial

"elected to defer settlement until their separation from service on the board of directors"

Rule 16(b)(3) regulatory

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

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 06:21 PM

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^*

Kuczinski Anthony J

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/28/2026		A		5,757⁽¹⁾	A	$0	10,072⁽²⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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

2. Includes 8,080 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.

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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Ryan Specialty (RYAN) director Anthony Kuczinski report in this Form 4?

Director Anthony J. Kuczinski reported receiving 5,757 shares of Class A Common Stock as a grant. The award is structured as Restricted Stock Units that vested immediately, with settlement deferred until he separates from the board of directors.

How many Ryan Specialty (RYAN) shares does Anthony Kuczinski hold after the reported grant?

Following the reported grant, Anthony J. Kuczinski is shown holding 10,072 shares of Class A Common Stock directly. This total reflects his updated equity position from this filing, including the newly granted units classified as beneficial ownership.

What are the terms of the 5,757 Restricted Stock Units reported for Ryan Specialty (RYAN)?

The 5,757 reported units are Restricted Stock Units that vested immediately upon grant. Kuczinski elected to defer settlement of these units until his separation from the board, meaning the actual share delivery will occur after his board service ends.

What additional Restricted Stock Units are disclosed for Ryan Specialty (RYAN) director Anthony Kuczinski?

The filing notes 8,080 additional Restricted Stock Units that also vested immediately on grant. For these units, Kuczinski likewise elected to defer settlement until his separation from board service, increasing his deferred equity-based compensation exposure.

Was the Ryan Specialty (RYAN) equity grant to Anthony Kuczinski approved under specific rules?

Yes. The grant of Restricted Stock Units to Anthony J. Kuczinski was approved by the issuer’s board of directors for purposes of Rule 16(b)(3). This approval framework is commonly used to help exempt director compensation grants from short‑swing profit rules.