Ryan Specialty (RYAN) EVP & CHRO awarded 24,869 Restricted Stock Units

Rhea-AI Filing Summary

Ryan Specialty Holdings, Inc. reported that EVP & CHRO Michael Conklin acquired 24,869 Restricted Stock Units as a grant. Each unit represents a contingent right to receive one share of Class A common stock on vesting. The Restricted Stock Units vest in three equal annual installments beginning on April 1, 2029.

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

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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^*

Conklin Michael

(Last) (First) (Middle)

155 NORTH WACKER DRIVE, SUITE 4000

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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

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

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

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

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
Restricted Stock Unit	(1)	03/03/2026		A		24,869		(2)	(2)	Class A Common Stock	24,869	$0	24,869	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive on vesting one share of Class A common stock of Ryan Specialty Holdings, Inc.

2. The Restricted Stock Units vest in three equal annual installments beginning on April 1, 2029.

Remarks:

	/s/ Mark S. Katz, as Attorney-in-Fact	03/05/2026
	** 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.

FAQ

What insider transaction did Michael Conklin report at RYAN?

Michael Conklin reported receiving a grant of 24,869 Restricted Stock Units. These units were acquired as a grant or award and are classified as derivative securities with direct ownership reported in the filing.

How many Restricted Stock Units did RYAN grant to Michael Conklin?

Ryan Specialty Holdings granted Michael Conklin 24,869 Restricted Stock Units. The filing shows 24,869 derivative securities acquired at a price of $0.0000 per unit, with 24,869 units held following the transaction.

What does each RYAN Restricted Stock Unit granted to Michael Conklin represent?

Each Restricted Stock Unit granted to Michael Conklin represents a contingent right to receive one share of Class A common stock. The units convert into shares only upon vesting, as described in the Form 4 footnotes.

When do Michael Conklin’s RYAN Restricted Stock Units vest?

The Restricted Stock Units granted to Michael Conklin vest in three equal annual installments. According to the filing, vesting begins on April 1, 2029, and continues annually in equal portions thereafter.

Was Michael Conklin’s RYAN Form 4 transaction a purchase or a grant?

The Form 4 transaction for Michael Conklin reflects a grant or award acquisition, not a market purchase. The transaction is coded “A” for Grant, award, or other acquisition, with a transaction price per unit of $0.0000.

What ownership type is reported for Michael Conklin’s RYAN Restricted Stock Units?

The filing reports direct ownership for Michael Conklin’s Restricted Stock Units. The ownership type is labeled as direct, and the direct_or_indirect code is shown as “D” for direct ownership in the Form 4 data.