Form 4: Ryan Specialty Holdings EVP Exercises Restricted LLC Units, Acquires Class A Common Stock

Mark Stephen Katz, EVP & General Counsel of Ryan Specialty Holdings, exercised restricted LLC units, resulting in the acquisition of Class A common stock.

Summary

• On April 1, 2025, Mark Stephen Katz, EVP & General Counsel of Ryan Specialty Holdings, exercised 1,755 Restricted LLC Units.
• These units vested and were settled into shares of Class A common stock of the Issuer.
• Additionally, 638 shares of Class A Common Stock were disposed of at a price of $73.87.
• Following these transactions, Katz directly owns 1,117 shares of Class A Common Stock.
• The Restricted LLC Units were granted on March 18, 2022, and vested on April 1, 2025.
• Each unit represents a contingent right to receive one Common Unit of the LLC and one share of Class B common stock of the Issuer, or at the issuer's option, one share of Class A common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of Restricted LLC Units indicates that performance milestones were likely met.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the standard compensation practices of the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Class A Common Stock, Restricted LLC Units, Ryan Specialty Holdings, Katz, Insider Transaction