[Form 4] RYAN SPECIALTY HOLDINGS, INC. Insider Trading Activity

Rhea-AI Filing Summary

RYAN Specialty Holdings CEO Benjamin Miles Wuller received a grant of 33,715 Executive Chairman stock options as equity compensation. The options have an exercise price of $29.66 per share and are exercisable on a 1-for-1 basis into Class A common stock.

The options vest in equal installments on July 1 of 2029, 2030, and 2031 and expire on May 5, 2036. The grant was approved by the issuer’s compensation and governance committee for purposes of Rule 16(b)(3), and it is not an open-market share purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wuller Benjamin MIles

Role CEO RSUM

Type	Security	Shares	Price	Value
Grant/Award	Executive Chairman Stock Option	33,715	$0.00	--

Holdings After Transaction: Executive Chairman Stock Option — 33,715 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Options granted: 33,715 options Exercise price: $29.66 per share Underlying shares: 33,715 shares +2 more

5 metrics

Options granted 33,715 options Executive Chairman Stock Option grant on May 5, 2026

Exercise price $29.66 per share Exercise price for Executive Chairman Stock Option

Underlying shares 33,715 shares Class A common stock underlying the options

Expiration date May 5, 2036 Option expiration for the granted award

Vesting dates July 1, 2029, 2030, 2031 Options vest in three equal annual installments

Key Terms

Executive Chairman Stock Option, Class A common stock, Rule 16(b)(3), compensation and governance committee

4 terms

Executive Chairman Stock Option financial

"CEO Benjamin Miles Wuller received a grant of 33,715 Executive Chairman stock options"

Class A common stock financial

"exercisable on a 1-for-1 basis into Class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Rule 16(b)(3) regulatory

"grant was approved by the issuer’s compensation and governance committee for purposes of Rule 16(b)(3)"

compensation and governance committee financial

"grant was approved by the issuer’s compensation and governance committee"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wuller Benjamin MIles

(Last) (First) (Middle)

155 NORTH WACKER DRIVE, SUITE 4000

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RYAN SPECIALTY HOLDINGS, INC. [ RYAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO RSUM

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Executive Chairman Stock Option	$29.66	05/05/2026		A		33,715		(1)	05/05/2036	Class A Common Stock	33,715	$0	33,715	D

Explanation of Responses:

1. The stock options vest in equal amounts on July 1, 2029, 2030 and 2031 and are exercisable on a 1-for-1 basis for shares of Class A common stock, par value $0.001 per share, of the Issuer. Such grant was approved by the compensation and governance committee of the board of the Issuer for the purposes of rule 16(b)(3).

Remarks:

	/s/ Mark S. Katz, as Attorney-in-Fact	05/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)