| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RYAN | Class B Common Stock | Conversion of derivative security | $0 | -430K | -10.46% | $0.00 | 3.68M | Sep 3, 2024 | By the Louise M. Cortezi Family Trust dated April 7, 2012 | F1, F2 |
| transaction | RYAN | Class A Common Stock | Conversion of derivative security | $0 | +430K | $0.00 | 430K | Sep 3, 2024 | By the Louise M. Cortezi Family Trust dated April 7, 2012 | ||
| transaction | RYAN | Class B Common Stock | Conversion of derivative security | $0 | -70K | -10.05% | $0.00 | 626K | Sep 3, 2024 | By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | F1, F2 |
| transaction | RYAN | Class A Common Stock | Conversion of derivative security | $0 | +70K | $0.00 | 70K | Sep 3, 2024 | By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | F2 | |
| holding | RYAN | Class A Common Stock | 2.7K | Sep 3, 2024 | Direct | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RYAN | Common Units | Conversion of derivative security | $0 | -70K | -10.05% | $0.00 | 626K | Sep 3, 2024 | Class A Common Stock | 70K | $0.00 | By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | F2, F4 |
| transaction | RYAN | Common Units | Conversion of derivative security | $0 | -430K | -10.46% | $0.00 | 3.68M | Sep 3, 2024 | Class A Common Stock | 430K | $0.00 | By the Louise M. Cortezi Family Trust dated April 7, 2012 | F2, F4 |
| Id | Content |
|---|---|
| F1 | Shares of Class B Common Stock, par value $0.001 per share, ("Class B Common Stock") do not represent economic interests in the Issuer. Except as provided in the Issuer's certificate of incorporation or as required by applicable law, holders of Class B Common Stock will be initially entitled to 10 votes per share on all matters to be voted on by the Issuer's stockholders generally. Upon exchange of Common Units ("Common Units") of New Ryan Specialty, LLC that are held by the Reporting Person and reported in Table II hereof, for an equal number of shares of Class A Common Stock, par value $0.001 per share, ("Class A Common Stock") of the Issuer, an equal number of shares of the Issuer's Class B Common Stock will be cancelled for no consideration. |
| F2 | The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein. |
| F3 | The reported securities represent Restricted Stock Units that vested immediately upon grant for which the reporting person has elected to defer settlement until their separation from service on the board of directors. |
| F4 | Pursuant to the Amended and Restated Limited Liability Company Agreement of New Ryan Specialty, LLC, as amended, the reporting person may exchange all or a portion of such person's Common Units of the LLC (together with the delivery of an equal number of shares of Class B Common Stock of the Issuer) for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary adjustments, or, at the option of the Issuer, cash (based on the then-market value of the Class A Common Stock). The Common Units do not expire. |