Equity grant gives EVP Katz 24,869 RSUs at Ryan Specialty (NYSE: RYAN)

Rhea-AI Filing Summary

KATZ MARK STEPHEN reported acquisition or exercise transactions in this Form 4 filing.

Ryan Specialty Holdings, Inc. granted Executive Vice President and General Counsel Mark Stephen Katz 24,869 Restricted Stock Units on March 3, 2026. The award was recorded at a price of $0.0000 per unit, reflecting its nature as an equity compensation grant rather than a cash purchase.

Each Restricted Stock Unit represents a contingent right to receive one share of Ryan Specialty Class A common stock upon vesting. According to the filing, these RSUs vest in three equal annual installments beginning on April 1, 2029, aligning Mr. Katz’s compensation with long-term shareholder interests over a multi-year period.

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^*

KATZ MARK STEPHEN

(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 & General Counsel

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	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity award did RYAN grant to Mark Stephen Katz?

Ryan Specialty Holdings granted Mark Stephen Katz 24,869 Restricted Stock Units as equity compensation. Each unit represents a contingent right to receive one share of Class A common stock upon vesting, aligning a portion of his compensation with the company’s future share performance.

When do Mark Stephen Katz’s RYAN Restricted Stock Units vest?

The Restricted Stock Units granted to Mark Stephen Katz vest in three equal annual installments starting on April 1, 2029. This multi-year vesting schedule ties the value of the award to his continued service and the company’s long-term results.

How many RYAN RSUs does Mark Stephen Katz hold after this grant?

After this equity grant, Mark Stephen Katz is reported to hold 24,869 Restricted Stock Units directly. These units are derivative securities that, upon vesting, entitle him to receive an equivalent number of Ryan Specialty Class A common shares, subject to the stated vesting schedule.

What does each RYAN Restricted Stock Unit represent for Mark Stephen Katz?

Each Restricted Stock Unit granted to Mark Stephen Katz represents a contingent right to receive one share of Ryan Specialty Class A common stock. The units convert into shares only as they vest over time, providing long-term, stock-based compensation rather than immediate cash.

Was there a purchase price for Mark Stephen Katz’s RYAN RSU grant?

The Form 4 lists a transaction price of $0.0000 per Restricted Stock Unit. This indicates the grant was provided as part of compensation, not as an open-market stock purchase, and does not involve cash consideration from the executive for the awarded units.

What role does Mark Stephen Katz hold at Ryan Specialty (RYAN)?

Mark Stephen Katz is identified in the filing as Executive Vice President & General Counsel of Ryan Specialty Holdings, Inc. The reported Restricted Stock Unit grant represents part of his equity-based compensation in that senior executive and legal leadership role.