RYAN SPECIALTY HOLDINGS, INC.

During the quarter ended June 30, 2026, Mark S. Katz, Executive Vice President, General Counsel and Corporate

Secretary, terminated, on June 3, 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”). No sales of the Company’s Class A common stock occurred under the plan prior to its termination. Prior to

its termination, the plan had provided for the sale of (i) up to 5,500 shares of the Company’s Class A common stock

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 the 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.

Other than as disclosed above, during the quarter ended June 30, 2026, none of our directors or officers (as defined in

Section 16 of the Securities Exchange Act of 1934, as amended) adopted or terminated a “Rule 10b5-1 trading

arrangement” or a “non-Rule 10b5-1 trading arrangement” (each as defined in Item 408 of Regulation S-K).