Conklin Michael 4

What Happened

• Michael Conklin, EVP & CHRO of Ryan Specialty Holdings (RYAN), had 7,637 restricted stock units (RSUs convertibles into Class A shares) vest on April 1, 2026.
• Of those vested shares, 2,176 were withheld to cover tax withholding at $33.74 per share (proceeds = $73,418). The remaining 5,461 shares were delivered to Conklin.
• This was a vesting/award event (not an open-market purchase or sale). The withholding is a routine tax-related disposition.

Key Details

• Transaction date: April 1, 2026; Form filed April 2, 2026 (timely).
• Reported entries: conversion/exercise of derivative for 7,637 RSUs into shares; 2,176 shares withheld (code F) at $33.74 for taxes (total $73,418); a derivative disposition entry reflects cancellation of the RSU derivative instrument.
• Shares owned after the transaction: not specified in the filing; net new shares delivered = 7,637 vested − 2,176 withheld = 5,461 shares.
• Footnotes: Each RSU converts to one Class A share on vesting (F1); shares were withheld to satisfy tax withholding obligations (F2); RSUs vest in five equal annual installments beginning April 1, 2025 (F3).

Context

• The M (exercise/conversion) entries reflect conversion of RSUs into common shares; the F (tax withholding) entry reflects shares withheld to pay payroll/tax obligations—not an open-market sale.
• Vesting events are routine compensation-related transactions and do not necessarily indicate insider confidence or near-term trading intent.