Bienen Henry S 4

What Happened
Henry S. Bienen, a director of Ryan Specialty Holdings, made gift transactions in late May 2026. The filing shows he disposed (gifted) 5,757 shares on May 28 and simultaneously 5,757 shares were acquired (received) on May 28 (reported as a gift to his trust). On May 29 he disposed (gifted) an additional 2,700 shares. All transactions were recorded at $0.00 per share (gifts), total reported cash value $0. Net effect in the filing: 8,457 shares were disposed by Bienen and 5,757 shares were acquired by his 1997 Trust (a net reduction of 2,700 shares in his direct holdings as reported).

Key Details

• Transaction dates: May 28, 2026 (5,757 disposed; 5,757 acquired), May 29, 2026 (2,700 disposed).
• Price per share: $0.00 (gift transactions); reported cash value $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — the May 28 acquired shares were gifted to the "Henry S. Bienen 1997 Trust Dated November 10, 1997." F2 — Bienen disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing: Form 4 filed June 1, 2026; the filing does not indicate a late report.

Context
These were gift transfers, not market purchases or sales for cash; gifts are often estate- or tax-related and do not necessarily signal the insider’s view of the company’s prospects. The movement of shares into a personal trust is common for estate planning. The F2 disclaimer means the reporting person limits claimed beneficial ownership to any pecuniary interest he retains.