Michael Conklin - Apr 1, 2025 Form 4 Insider Report for RYAN SPECIALTY HOLDINGS, INC. (RYAN)

Role: EVP & CHRO
Signature: /s/ Mark S. Katz, as Attorney-in-Fact
Stock symbol: RYAN
Transactions as of: Apr 1, 2025
Transactions value $: -$214,371
Form type: 4
Date filed: 4/2/2025, 06:56 PM
Previous filing: Mar 19, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RYAN	Class A Common Stock	Purchase		+7.64K			7.64K	Apr 1, 2025	Direct	F1
transaction	RYAN	Class A Common Stock	Tax liability	-$214K	-2.9K	-38%	$73.87	4.74K	Apr 1, 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RYAN	Restricted Stock Unit	Options Exercise	$0	-7.64K	-20%	$0.00	30.5K	Apr 1, 2025	Class A Common Stock	7.64K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units of the Issuer ("RSUs") vested into shares of Class A common stock of the Issuer.
F2	The RSUs were granted on March 15, 2024 and vest in five equal annual installments beginning April 1, 2025. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3). On April 1, 2025, 7,637 RSUs vested. Each RSU represents a contingent right to receive on vesting one share of Class A common stock of the Issuer.