Director at Ryan Specialty (NYSE: RYAN) gets 5,757-share RSU grant

Rhea-AI Filing Summary

RYAN PATRICK G JR reported acquisition or exercise transactions in this Form 4 filing.

Ryan Specialty Holdings, Inc. director Ryan Patrick G Jr reported an equity award of 5,757 shares of Class A Common Stock, delivered as Restricted Stock Units that vested immediately upon grant. The grant carried a per-share price of $0.00, reflecting compensation rather than a market purchase.

Following the award, he directly owns 262,316.053 Class A shares. In addition, 428,295 Class A shares are held in trusts for his and/or family members’ benefit, where he serves as trustee and disclaims beneficial ownership except for his pecuniary interest. The grant was approved by the Board for purposes of Rule 16(b)(3).

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider RYAN PATRICK G JR

Role null

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

Holdings After Transaction: Class A Common Stock — 262,316.053 shares (Direct, null); Class A Common Stock — 428,295 shares (Indirect, By Trusts)

Footnotes (1)

1. The reported securities represent Restricted Stock Units that vested immediately upon grant. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3). Shares of Class A Common Stock of Ryan Specialty Holdings, Inc. are held in trusts, for which the reporting person is trustee, which trusts are for the benefit of the reporting person and/or his family members. 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 per share Direct holdings after grant: 262,316.053 shares +1 more

4 metrics

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

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

Direct holdings after grant 262,316.053 shares Class A Common Stock directly owned after transaction

Indirect trust holdings 428,295 shares Held in trusts for benefit of director and/or family

Key Terms

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

4 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

"Such 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."

indirect ownership financial

"Shares ... are held in trusts, for which the reporting person is trustee, which trusts are for the benefit of the reporting person and/or his family members."

Form 4 Insider Transactions: What Each Field Means →

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^*

RYAN PATRICK G JR

(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)	A	$0	262,316.053	D
Class A Common Stock								428,295	I	By Trusts(2)

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

2. Shares of Class A Common Stock of Ryan Specialty Holdings, Inc. are held in trusts, for which the reporting person is trustee, which trusts are for the benefit of the reporting person and/or his family members. 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)

FAQ

What insider transaction did RYAN director Ryan Patrick G Jr report?

Ryan Patrick G Jr reported receiving an equity award of 5,757 shares of Ryan Specialty Class A Common Stock. These shares came through Restricted Stock Units that vested immediately, representing compensation rather than an open-market purchase or sale, and increased his directly held share count.

How many Ryan Specialty (RYAN) shares does the director hold after this filing?

After the award, Ryan Patrick G Jr directly holds 262,316.053 Class A shares. Separate trusts hold an additional 428,295 shares for his and/or family members’ benefit, where he is trustee and disclaims beneficial ownership beyond his pecuniary interest.

Was the RYAN equity grant to Ryan Patrick G Jr a cash transaction?

No, the grant was not a cash transaction. The 5,757 shares were awarded at a stated price of $0.00 per share as Restricted Stock Units, meaning they represent stock-based compensation instead of an open-market cash purchase of Ryan Specialty shares.

What is the nature of the 5,757 RYAN shares granted to the director?

The 5,757 shares represent Restricted Stock Units that vested immediately upon grant. This structure means the director effectively received fully vested Class A Common Stock as compensation, approved by the Board for purposes of satisfying Rule 16(b)(3) requirements.

How are the indirectly held Ryan Specialty (RYAN) shares structured in this Form 4?

The filing shows 428,295 Class A shares held in trusts for the benefit of the director and/or his family members. He serves as trustee but disclaims beneficial ownership of those shares except to the extent of his pecuniary, or economic, interest.

Does this RYAN Form 4 indicate any insider selling activity?

The Form 4 does not show any open-market sales. It primarily records an acquisition via grant of 5,757 Restricted Stock Units that vested immediately, along with a holding entry for shares in family trusts, indicating compensation and ownership reporting rather than a sale.