T. Rowe Price details 7.55M Ryan Specialty (RYAN) shares in 13G

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. reported beneficial ownership of 7,552,002 shares of Ryan Specialty Holdings common stock, representing 5.9% of the outstanding class as of the event date.

The firm reports sole voting power over 7,182,749 shares and sole dispositive power over 7,552,002 shares, with no shared voting or dispositive authority. It states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Ryan Specialty Holdings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

RYAN SPECIALTY HOLDINGS

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

78351F107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 78351F107

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,182,749.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,552,002.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,552,002.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RYAN SPECIALTY HOLDINGS
(b)	Address of issuer's principal executive offices: 155 NORTH WACKER DRIVE, SUITE 4000, CHICAGO, IL, 60606
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 78351F107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7552002
(b)	Percent of class: 5.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7182749
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7552002
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026

FAQ

What stake does T. Rowe Price hold in Ryan Specialty Holdings (RYAN)?

T. Rowe Price Investment Management, Inc. reports beneficial ownership of 7,552,002 Ryan Specialty Holdings common shares, representing 5.9% of the class. This Schedule 13G reflects a passive ownership position rather than an effort to influence corporate control.

How much voting power does T. Rowe Price report over RYAN shares?

T. Rowe Price reports sole voting power over 7,182,749 shares of Ryan Specialty Holdings common stock. It reports no shared voting power, indicating all reported voting authority resides solely with T. Rowe Price Investment Management, Inc.

Does T. Rowe Price have dispositive power over its Ryan Specialty (RYAN) shares?

Yes. T. Rowe Price Investment Management, Inc. reports sole dispositive power over 7,552,002 shares of Ryan Specialty Holdings common stock and no shared dispositive power. Dispositive power refers to the authority to sell or otherwise dispose of the shares.

Is T. Rowe Price’s Ryan Specialty (RYAN) stake intended to influence control?

No. T. Rowe Price certifies the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Ryan Specialty Holdings.

What type of SEC filing did T. Rowe Price submit for its RYAN position?

The position is disclosed on a Schedule 13G, which is typically used by investors holding more than 5% of a class of securities on a passive basis, rather than seeking to influence or control the issuer’s management or policies.

Does T. Rowe Price admit beneficial ownership of the Ryan Specialty shares?

T. Rowe Price Investment Management, Inc. states that this filing should not be construed as an admission of beneficial ownership of the reported securities and expressly denies such beneficial ownership, despite reporting them for Schedule 13G purposes.