Form 4: Ryan Specialty Executive Chairman Gifts Shares

Patrick G. Ryan, Executive Chairman of Ryan Specialty Holdings, Inc., reported gifting 2,100 shares of Class A Common Stock.

Summary

• Patrick G. Ryan, Executive Chairman, Director, and 10% Owner of Ryan Specialty Holdings, Inc. (RYAN), reported a gift of shares.
• On December 10, 2025, Mr. Ryan disposed of 2,100 shares of Class A Common Stock at a price of $0 per share.
• The transaction was a gift (Code G) made from the Patrick G. Ryan Living Trust and the Shirley W. Ryan Living Trust, with 50% from each trust.
• Following this transaction, Mr. Ryan directly beneficially owns 13,697,859 shares of Class A Common Stock.
• Additionally, 55,475 shares are indirectly beneficially owned through trusts and other entities for the benefit of family members.

Sentiment

Score: 5

Explanation: The transaction is a gift, which is a neutral event for the company's operations. While it reduces the insider's direct holdings, it's a planned disposition and not indicative of a change in company fundamentals or management's view of the stock's future performance.

Positives

• The transaction is a gift, often indicative of planned estate management by a significant insider.

Negatives

• A minor reduction in direct beneficial ownership by a key executive, though insignificant relative to total holdings.

Future Outlook

NA

Industry Context

This is an insider transaction filing and does not directly relate to broader industry trends or competitive landscape, focusing instead on individual executive share movements.

Related Party Transactions

• Patrick G. Ryan, Executive Chairman, gifted 2,100 shares of Class A Common Stock from trusts he co-trustees with his spouse to entities for the benefit of family members. This is a related party transaction in the context of insider dealings.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the shares remain within family trusts, suggesting continued alignment of interests. No material impact on share price or company strategy is expected from this specific transaction.

Key Dates

Recommendation

This Form 4 filing reports a routine insider gift transaction for estate planning purposes and does not provide any new information that would alter the fundamental investment thesis for Ryan Specialty Holdings, Inc. The transaction itself is not indicative of a change in the company's operational performance or future prospects, thus a 'hold' recommendation is maintained based solely on this filing.

Keywords

Ryan Specialty Holdings, RYAN, Patrick G. Ryan, Insider Transaction, Form 4, Stock Gift, Executive Chairman, Beneficial Ownership