RYAN SPECIALTY HOLDINGS, INC.

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

Secretary, adopted on August 14, 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 25,000 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 130,000

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

the expiration of his 10b5-1 Plan on July 31, 2027. The Class C Units are profits interests with a participation threshold, as

of September 30, 2026, of $22.96. 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 September 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).