Trusts linked to Ryan Specialty (RYAN) director add to shareholdings

Rhea-AI Filing Summary

Ryan Specialty Holdings director Ryan Patrick G Jr reported open-market purchases of a total of 25,865 shares of Class A Common Stock. On February 23, 2026, trusts for the benefit of him and/or his family bought 24,000 shares at $39.94 and 1,500 shares at $40.20 per share, with 428,295 shares held indirectly afterward. On February 20, 2026, he directly purchased 365 shares at $41.41 per share, bringing his direct holdings to 256,559.053 shares. The trust-held shares are owned by trusts for which he is trustee, and he disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 25,865 shares ($1,033,975)

Net Buy 3 txns

Insider RYAN PATRICK G JR

Role Director

Bought 25,865 shs ($1.03M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	24,000	$39.94	$959K
Purchase	Class A Common Stock	1,500	$40.20	$60K
Purchase	Class A Common Stock	365	$41.41	$15K

Holdings After Transaction: Class A Common Stock — 426,795 shares (Indirect, By Trusts); Class A Common Stock — 256,559.053 shares (Direct)

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 $39.19 to $40.18, 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. 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.

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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
Class A Common Stock	02/20/2026		P		365	A	$41.41	256,559.053	D
Class A Common Stock	02/23/2026		P		24,000	A	$39.94(1)	426,795	I	By Trusts(2)
Class A Common Stock	02/23/2026		P		1,500	A	$40.2	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 price reported is a weighted average price. These shares of Class A Common Stock of the Issuer were purchased in multiple transactions ranging from $39.19 to $40.18, 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. 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	02/24/2026
	** 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 transactions did RYAN director Ryan Patrick G Jr report?

He reported three open-market purchases of Ryan Specialty Holdings Class A Common Stock, totaling 25,865 shares. Two purchases were through trusts associated with him and his family, and one purchase was in his direct ownership account.

How many RYAN shares were purchased through trusts and at what prices?

Trusts associated with the director bought 24,000 shares at $39.94 and 1,500 shares at $40.20 per share. After these transactions, trusts held 428,295 shares of Ryan Specialty Holdings Class A Common Stock indirectly.

What were Ryan Patrick G Jr’s direct RYAN share purchases and holdings?

He directly purchased 365 shares of Ryan Specialty Holdings Class A Common Stock at $41.41 per share. Following this transaction, his directly held position increased to 256,559.053 shares, according to the reported Form 4 data.

Does the RYAN director claim full beneficial ownership of the trust-held shares?

No. The filing states the shares are held in trusts for the benefit of him and/or family members, and he disclaims beneficial ownership except to the extent of his pecuniary interest, even though he serves as trustee.

On what dates did the reported RYAN insider share purchases occur?

The open-market purchases occurred on February 20, 2026, and February 23, 2026. The earlier date reflects a direct purchase, while the later date reflects purchases made through trusts associated with the director and his family.