MULSHINE BRENDAN MARTIN 4
4 · RYAN SPECIALTY HOLDINGS, INC. · Filed Jun 14, 2023
Insider Transaction Report
Form 4
MULSHINE BRENDAN MARTIN
Co-President and CRO
Transactions
- Sale
Class A Common Stock
2023-06-12$42.68/sh−25,000$1,066,888→ 49,592 total(indirect: See footnote) - Conversion
Class A Common Stock
2023-06-14+25,000→ 74,592 total(indirect: See footnote) - Conversion
Common Units
2023-06-14−25,000→ 718,552 totalExercise: $0.00→ Class A Common Stock (25,000 underlying) - Conversion
Class B Common Stock
2023-06-14−25,000→ 718,552 total
Footnotes (6)
- [F1]The price reported is a weighted average price. These shares of Class A Common Stock, par value $0.001, (the "Class A Common Stock") of Ryan Specialty Holdings, Inc. (the "Issuer") were sold in multiple transactions ranging from $42.54 to $42.82, 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.
- [F2]The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F3]Held jointly by the reporting person and his spouse.
- [F4]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.
- [F5]Upon exchange of Common Units ("Common Units") of New Ryan Specialty, LLC, held by the reporting person and reported in Table II hereof, for an equal number of shares of Class A Common Stock, an equal number of shares of the Issuer's Class B Common Stock will be cancelled for no consideration.
- [F6]Each Common Unit, together with a share of Class B Common Stock, may be converted by the holder into one share of Class A Common Stock at any time. The Common Units do not expire.