PASCHAL-ALCORN LISA JO 4
4 · RYAN SPECIALTY HOLDINGS, INC. · Filed Aug 9, 2023
Insider Transaction Report
Form 4
PASCHAL-ALCORN LISA JO
See Remarks
Transactions
- Conversion
Class B Common Stock
2023-08-07−44,964→ 108,974 total - Conversion
Class A Common Stock
2023-08-07+44,964→ 48,624 total - Conversion
Common Units
2023-08-07−44,964→ 108,974 total→ Class A Common Stock (44,964 underlying)
Footnotes (2)
- [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]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 (together with the delivery of an equal number of shares of Class B Common Stock) 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.