RYAN SPECIALTY HOLDINGS, INC.

During the quarter ended March 31, 2026, Mark S. Katz, Executive Vice President, General Counsel and Corporate

Secretary, adopted on March 05, 2026, a “Rule 10b5-1 trading arrangement” (as such term is defined in Item 408(a) of

Regulation S-K) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a

“10b5-1 Plan”) to sell (i) up to 5,500 shares of the Company’s Class A common stock that are issuable upon conversion of

LLC Common Units and (ii) a number of shares of Class A common stock issuable upon conversion of up to 70,000 Class

C Incentive Units of New LLC (the “Class C Units”), between the first potential sale date of June 4, 2026, and the

expiration of his 10b5-1 Plan on June 1, 2027. The Class C Units are profits interests with a participation threshold, as of

March 31, 2026, of $23.08. Pursuant to the terms of the award agreement for the Class C Units, the participation threshold

is adjusted downward for distributions that the LLC makes to the Company. When the value of the Class A common stock

exceeds the participation threshold of the Class C Units, the vested profits interests may be exchanged for LLC Common

Units of equal value where the value of each Class C Unit is equal to the difference between the 20-day volume weighted

average price of the Class A common stock immediately preceding the date of exchange and the participation threshold. On

exchange, the LLC Common Units are immediately redeemed on a one-for-one basis for Class A common stock of the

Company. For more information regarding Class C Incentive Units of New LLC and applicable participation threshold

information, see “Note 9, Equity-Based Compensation” of the unaudited quarterly consolidated financial statements

included herein.