KATZ MARK STEPHEN 4

What Happened

• Mark Stephen Katz, EVP & General Counsel of Ryan Specialty Holdings (RYAN), received a grant of 33,715 derivative securities reported as an award on 2026-05-05. The filing reports the acquisition price as $0.00 because this is a grant of stock options (not an open-market purchase or immediate share transfer).

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-06 (appears timely).
• Reported amount: 33,715 options; reported price: $0.00 (derivative award).
• Vesting: equal amounts vest on July 1, 2029, July 1, 2030 and July 1, 2031 (one-third each).
• Exercise: options are exercisable on a 1-for-1 basis for Class A common stock (per footnote); grant approved by the compensation and governance committee under Rule 16(b)(3).
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was an option grant (award), not a cash purchase or sale. Options do not represent immediate share ownership or realized proceeds — they must vest and then be exercised (and may require payment of an exercise price) before converting to shares.
• Grants to executives are common compensation practices; they are informative about pay structure but do not, by themselves, indicate immediate buying or selling of stock.