Executive chairman of Ryan Specialty (RYAN) buys 120,000 shares via trusts

Rhea-AI Filing Summary

Ryan Specialty Holdings Executive Chairman Patrick G. Ryan, a more than 10% owner, indirectly bought 120,000 shares of Class A Common Stock in an open-market purchase. The weighted average price was $32.4978 per share, with individual trades ranging from $32.24 to $32.62.

The shares were acquired through living trusts where Ryan and his spouse serve as co-trustees. Following the purchase, trusts for his benefit held 13,817,859 Class A shares, and additional family trusts held 55,475 shares, all reported as indirect ownership.

Insider Trade Summary

Net Buyer: 120,000 shares ($3,899,736)

Net Buy 2 txns

Insider RYAN PATRICK G

Role Executive Chairman

Bought 120,000 shs ($3.90M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	120,000	$32.4978	$3.90M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 13,817,859 shares (Indirect, By Insider Living Trusts)

Footnotes (1)

1. The price reported is a weighted average price. These shares of Class A Common Stock of the Issuer were purchased in multiple transactions ranging from $32.24 to $32.62, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock purchased at each separate price in the ranges set forth in this footnote. By reporting person and spouse, as co-trustees of the Patrick G. Ryan Living Trust dated July 10, 2001 and the Shirley W. Ryan Living Trust dated July 10, 2001. Represents Class A Common Stock of the Issuer held in trusts and other entities for the benefit of the reporting person's family member.

Key Figures

Shares purchased: 120,000 shares Weighted average price: $32.4978 per share Trade price range: $32.24–$32.62 per share +2 more

5 metrics

Shares purchased 120,000 shares Indirect open-market purchase of Class A Common Stock

Weighted average price $32.4978 per share Price for 120,000-share open-market purchase

Trade price range $32.24–$32.62 per share Range of individual trades in the purchase

Indirect holdings via living trusts 13,817,859 shares Class A shares indirectly held after transaction

Family-related trust holdings 55,475 shares Class A shares in trusts and entities for family members

Key Terms

open-market purchase, weighted average price, Class A Common Stock, living trusts, +1 more

5 terms

open-market purchase financial

"indirectly bought 120,000 shares of Class A Common Stock in an open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The weighted average price was $32.4978 per share, with individual trades"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Class A Common Stock financial

"indirectly bought 120,000 shares of Class A Common Stock in an open-market purchase"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

living trusts financial

"The shares were acquired through living trusts where Ryan and his spouse serve as co-trustees"

indirect ownership financial

"family trusts held 55,475 shares, all reported as indirect ownership"

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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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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	06/05/2026		P		120,000	A	$32.4978(1)	13,817,859	I	By Insider Living Trusts(2)
Class A Common Stock								55,475	I	See Footnote(3)

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 price reported is a weighted average price. These shares of Class A Common Stock of the Issuer were purchased in multiple transactions ranging from $32.24 to $32.62, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock purchased at each separate price in the ranges set forth in this footnote.

2. By reporting person and spouse, as co-trustees of the Patrick G. Ryan Living Trust dated July 10, 2001 and the Shirley W. Ryan Living Trust dated July 10, 2001.

3. Represents Class A Common Stock of the Issuer held in trusts and other entities for the benefit of the reporting person's family member.

Remarks:

	/s/ Mark S. Katz, as Attorney-in-Fact	06/07/2026
	** 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 did Patrick G. Ryan report in this Form 4 for RYAN?

Patrick G. Ryan reported an indirect open-market purchase of 120,000 Class A shares of Ryan Specialty Holdings. The transaction was made through living trusts, adding to his already substantial indirect holdings reported in the filing.

At what price did Patrick G. Ryan buy RYAN Class A shares?

The filing shows a weighted average purchase price of $32.4978 per share. Individual trades occurred in a price range between $32.24 and $32.62, with full trade-by-trade details available on request from the company or regulators.

How many RYAN shares does Patrick G. Ryan indirectly own after this transaction?

After the reported purchase, living trusts for Patrick G. Ryan’s benefit held 13,817,859 Class A shares. Separate trusts and other entities for family members held an additional 55,475 Class A shares, all reported as indirect ownership interests.

How were the newly purchased RYAN shares held according to the Form 4?

The 120,000 purchased RYAN Class A shares are held through Patrick G. Ryan and his spouse’s living trusts. Both serve as co-trustees of these July 10, 2001 dated trusts, which are reported as indirect ownership positions in the filing.

Does the RYAN Form 4 mention other family-related holdings?

Yes. The Form 4 notes additional Class A shares held in trusts and entities for the benefit of Patrick G. Ryan’s family members. These positions, totaling 55,475 shares, are also reported as indirectly owned as of the transaction date.