Ryan Specialty (NYSE: RYAN) grants 24,869 Restricted Stock Units to CEO

Rhea-AI Filing Summary

Wuller Benjamin MIles reported acquisition or exercise transactions in this Form 4 filing.

Ryan Specialty Holdings CEO Benjamin Miles Wuller reported an equity award of 24,869 Restricted Stock Units. Each unit represents a contingent right to receive one share of Class A common stock upon vesting. These RSUs vest in three equal annual installments beginning on April 1, 2029, and are held directly.

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^*

Wuller Benjamin MIles

(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)
	CEO RSUM

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).
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FAQ

What insider transaction did RYAN CEO Benjamin Miles Wuller report?

Benjamin Miles Wuller reported receiving a grant of 24,869 Restricted Stock Units. These RSUs are a form of equity compensation that may convert into Class A common stock of Ryan Specialty Holdings, Inc. as they vest over time starting in 2029.

How many Restricted Stock Units did RYAN grant to its CEO?

Ryan Specialty granted its CEO 24,869 Restricted Stock Units. This entire amount was reported as acquired in a single award, with all 24,869 RSUs shown as directly owned following the transaction, reflecting an increase in his equity-based compensation position.

When do the CEO’s RYAN Restricted Stock Units begin vesting?

The CEO’s Restricted Stock Units begin vesting on April 1, 2029. The award vests in three equal annual installments, meaning portions of the 24,869 RSUs will vest once per year starting on that date, subject to the award’s terms.

What does each RYAN Restricted Stock Unit granted to the CEO represent?

Each Restricted Stock Unit represents a contingent right to receive one share of Ryan Specialty Holdings Class A common stock. The CEO only receives the underlying shares as the RSUs vest in accordance with the schedule beginning on April 1, 2029.

Is the RYAN CEO’s RSU grant a direct or indirect holding?

The RSU grant is reported as a direct holding of the CEO. The Form 4 lists the ownership type as direct, with no footnote indicating that the units are held through a separate entity or that beneficial ownership is disclaimed.

What transaction code describes the RYAN CEO’s RSU award on Form 4?

The transaction is reported under code “A,” which denotes a grant, award, or other acquisition. This indicates the CEO acquired 24,869 Restricted Stock Units as part of an equity compensation award, rather than through an open-market purchase or sale.