Brendan Martin Mulshine - Mar 3, 2023 Form 4/A - Amendment Insider Report for RYAN SPECIALTY HOLDINGS, INC. (RYAN)

Role
Officer
Signature
Mark S. Katz, Attorney-in-Fact
Stock symbol
RYAN
Transactions as of
Mar 3, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
3/22/2023, 03:16 PM
Date Of Original Report
Mar 7, 2023
Previous filing
Sep 2, 2022
Next filing
Apr 7, 2023

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 Class C Common Incentive Units [Right to Buy] Award +65.3K 65.3K Mar 3, 2023 Class A Common Stock $40.90 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Class C Common Incentive Units of Ryan Specialty, LLC which vest 20% on each of April 1, 2026, 2027, 2028, 2029, and 2030. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3). The Class C Common Incentive Units will be exchangeable into Common Units, which will then be immediately redeemed on a one-for-one basis for Class A Common Stock, par value $0.001 ("Class A Common Stock"), of the Issuer based on the value of Common Units and the fair market value of the Class A Common Stock at the time of the applicable exchange. The participation threshold of Class C Common Incentive Units is equal to the closing price of the Issuer's Class A Common Stock on the March 2, 2023.
F2 The Reporting Person disclaims beneficial ownership except to the extent of their pecuniary interest therein.

Remarks:

This amended Form 4 is being filed to correct the Number of Derivative Securities Acquired in column 5 of Table II on the Form 4 that was previously filed on March 7, 2023, which was an estimate based on the information available on such date. Executive Vice President and Chief Revenue Officer