Form 4 for RYAN RYAN SPECIALTY HOLDINGS, INC.
Accepted 2026-09-09 17:27:13 ET · period of report 2026-09-04 · accession 0001869959-26-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2026-09-09 17:27 | 2026-09-04 | RYAN | MULSHINE BRENDAN MARTIN | CRO, Co-Pres | C - Cnv Deriv | $0.00 | 0 | 115.4K | New | $0 |
| D | 2026-09-09 17:27 | 2026-09-08 | RYAN | MULSHINE BRENDAN MARTIN | CRO, Co-Pres | S - Sale | $40.51 | -40.0K | 75.4K | -35% | -$1.62M |
| D | 2026-09-09 17:27 | 2026-09-04 | RYAN | MULSHINE BRENDAN MARTIN | CRO, Co-Pres | C - Cnv Deriv | $0.00 | -40.0K | 604.2K | -6% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock | 2026-09-04 | C | D | 40,000 | $0.00 | 604,235 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2026-09-04 | C | A | 40,000 | $0.00 | 115,366 | D | — | — | |
| 3 | Common | Class A Common Stock | 2026-09-08 | S | D | 40,000 | $40.51 | 75,366 | D | — | — | (F2) The price reported is a weighted average price. These shares of Class A Common Stock of the Issuer were sold in multiple transactions ranging from $40.47 to $40.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock sold at each separate price in the ranges set forth in this footnote. |
| 4 | Derivative | Common Units | 2026-09-04 | C | D | 40,000 | $0.00 | 604,235 | D | $0.00 · — to — | 40,000 Class A Common Stock | (F3) 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. (F3) 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. |