X0407 4 2023-06-06 0 0001849253 RYAN SPECIALTY HOLDINGS, INC. RYAN 0001869959 MULSHINE BRENDAN MARTIN TWO PRUDENTIAL PLAZA 180 N. STETSON AVE. CHICAGO IL 60601 0 1 0 0 See Remarks 0 Class A Common Stock 2023-06-06 4 S 0 35000 41.7089 D 39592 I See footnote Class B Common Srock 2023-06-08 4 C 0 35000 0.00 D 743552 D Class A Common Stock 2023-06-08 4 C 0 35000 0.00 A 74592 I See footnote Common Units 0.00 2023-06-08 4 C 0 35000 D Class A Common Stock 35000 743552 D The price reported is a weighted average price. These shares of Class A Common Stock, par value $0.001, (the "Class A Common Stock") of Ryan Specialty Holdings, Inc. (the "Issuer") were sold in multiple transactions ranging from $41.40 to $41.945, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock sold at each separate price in the ranges set forth in this footnote. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein. Held jointly by the reporting person and his spouse. 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 an equal number of shares of the Issuer's Class B Common Stock will be cancelled for no consideration. Each Common Unit, together with a share of Class B Common Stock, may be converted by the holder into one share of Class A Common Stock at any time. The Common Units do not expire. Executive Vice President and Chief Revenue Officer /s/ Mark S. Katz 2023-06-08