X0306 4 2021-07-21 0 0001849253 RYAN SPECIALTY GROUP HOLDINGS, INC. RYAN 0001869960 KATZ MARK STEPHEN TWO PRUDENTIAL PLAZA 180 N. STETSON AVENUE, SUITE 4600 CHICAGO IL 60601 0 1 0 0 See Remarks Class C Common Incentive Units [Right to Buy] 23.50 2021-07-21 4 A 0 103897 A Class A Common Stock 103897 103897 D Class C Common Incentive Units [Right to Buy] 23.50 2021-07-21 4 A 0 500000 A Class A Common Stock 500000 500000 D Represents Class C Common Incentive Units of Ryan Specialty Group, LLC which vest in equal amounts on the third, fourth and fifth anniversary of the grant date. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3).The Class C Common Incentive Units will be exchangeable into Common Units, which will then be immediately redeemed on a one-for-one basis for Class A Common Stock, par value $0.001 ("Class A Common Stock"), of the Issuer based on the value of Common Units and the fair market value of the Class A Common Stock at the time of the applicable exchange. The participation threshold of Class C Common Incentive Units equal to the initial public offering price of the Issuer's Class A Common Stock. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein. Represents Class C Common Incentive Units of Ryan Specialty Group, LLC which vest 10% each year on the anniversary of the grant date from July 21, 2024 until July 21, 2030, and 30% on the tenth anniversary of the grant date. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3). The Class C Common Incentive Units will be exchangeable into Common Units, which will then be immediately redeemed on a one-for-one basis for Class A Common Stock, par value $0.001 ("Class A Common Stock"), of the Issuer based on the value of Common Units and the fair market value of the Class A Common Stock at the time of the applicable exchange. The participation threshold of Class C Common Incentive Units equal to the initial public offering price of the Issuer's Class A Common Stock. Executive Vice President and General Counsel /s/ Mark Katz 2021-07-23