A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 14 filings in this group are Form 4s for Ryan Specialty Holdings, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 14 insider filings shown, the breakdown is 5 open-market purchase, 2 compensation award, 2 gift, 2 open-market sale, 1 disposition to issuer, 1 option exercise and 1 other reported transaction. 7 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market sale
Insider Selling
2026-09-09
RYAN insider MULSHINE BRENDAN MARTIN (Co-President and CRO) sold 40,000 shares (~$1.62M)
MULSHINE BRENDAN MARTIN, listed as Co-President and CRO at RYAN SPECIALTY HOLDINGS, INC., reported an open-market sale of 40,000 RYAN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
C |
Derivative conversion
|
40,000 |
— |
— |
C |
Derivative conversion
|
40,000 |
— |
— |
S |
Open-market sale
|
40,000 |
$40.51 |
$1.62M |
C |
Derivative conversion
derivative · Common Units
|
40,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: MULSHINE BRENDAN MARTIN (Co-President and CRO)
Shares: 40,000
Est. Value: $1.62M
Form 4
Other reported transaction
Tax / Compensation Filing
2026-08-18
RYAN insider Form 4 filed for equity award, exercise, or tax withholding
CORTEZI NICHOLAS DOMINIC (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The filing reports a transaction type that does not map to a routine purchase, sale, award or withholding.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
J |
Other transaction
|
1,841,019 |
— |
— |
J |
Other transaction
|
313,116 |
— |
— |
J |
Other transaction
derivative · Common Units
|
1,841,019 |
— |
— |
J |
Other transaction
derivative · Common Units
|
313,116 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: CORTEZI NICHOLAS DOMINIC (Director)
Shares: 2,154,135
Form 4
Open-market sale
Insider Selling
2026-08-14
RYAN insider Conklin Michael (EVP & CHRO) sold 2,043 shares (~$86.3K)
Conklin Michael, listed as EVP & CHRO at RYAN SPECIALTY HOLDINGS, INC., reported an open-market sale of 2,043 RYAN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
2,043 |
$42.26 |
$86.3K |
Filing: Form 4 (Insider Transaction)
Insider: Conklin Michael (EVP & CHRO)
Shares: 2,043
Est. Value: $86.3K
Form 4
Gift
Tax / Compensation Filing
2026-08-12
RYAN insider Form 4 filed for equity award, exercise, or tax withholding
Bienen Henry S (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were transferred as a gift, typically for estate or charitable planning. No sale into the market took place.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
G |
Gift
|
3,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Bienen Henry S (Director)
Shares: 3,000
Form 4
Disposition to issuer
Tax / Compensation Filing
2026-08-06
RYAN insider Form 4 filed for equity award, exercise, or tax withholding
RYAN PATRICK G (Director, Executive Chairman, 10% Owner) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were surrendered to or repurchased by the issuer rather than sold to other investors.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
D |
Disposition to issuer
derivative · Call option (obligation to sell)
|
287,646 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: RYAN PATRICK G (Director, Executive Chairman, 10% Owner)
Form 4
Compensation award
Tax / Compensation Filing
2026-08-06
RYAN insider Form 4 filed for equity award, exercise, or tax withholding
Conklin Michael (EVP & CHRO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Executive Chairman Stock Option
|
22,920 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Conklin Michael (EVP & CHRO)
Form 4
Compensation award
Tax / Compensation Filing
2026-08-06
RYAN insider Form 4 filed for equity award, exercise, or tax withholding
Keogh Stephen Patrick (Co-President and COO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Executive Chairman Stock Option
|
22,920 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Keogh Stephen Patrick (Co-President and COO)
Form 4
Option exercise
Tax / Compensation Filing
2026-07-24
RYAN insider Form 4 filed for equity award, exercise, or tax withholding
Hamilton Janice M (Chief Financial Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
5,821 |
— |
— |
F |
Tax withholding on vested shares
|
1,706 |
$40.89 |
$69.8K |
M |
Option exercise
derivative · Restricted LLC Units
|
5,821 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Hamilton Janice M (Chief Financial Officer)
Shares: 7,527
Form 4
Open-market purchase
Insider Buying
2026-06-15
RYAN insider Kuczinski Anthony J (Director) bought 3,000 shares (~$105.0K)
Kuczinski Anthony J, listed as Director at RYAN SPECIALTY HOLDINGS, INC., reported an open-market purchase of 3,000 RYAN shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
2,500 |
$34.83 |
$87.1K |
P |
Open-market purchase
|
500 |
$35.77 |
$17.9K |
Filing: Form 4 (Insider Transaction)
Insider: Kuczinski Anthony J (Director)
Shares: 3,000
Est. Value: $105.0K
Form 4
Open-market purchase
Insider Buying
2026-06-11
RYAN insider ROGERS JOHN W JR (Director) bought 7,500 shares (~$263.7K)
ROGERS JOHN W JR, listed as Director at RYAN SPECIALTY HOLDINGS, INC., reported an open-market purchase of 7,500 RYAN shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
7,500 |
$35.16 |
$263.7K |
Filing: Form 4 (Insider Transaction)
Insider: ROGERS JOHN W JR (Director)
Shares: 7,500
Est. Value: $263.7K
Form 4
Open-market purchase
Insider Buying
2026-06-08
RYAN insider RYAN PATRICK G (Director, Executive Chairman, 10% Owner) bought 120,000 shares (~$3.90M)
RYAN PATRICK G, listed as Director, Executive Chairman, 10% Owner at RYAN SPECIALTY HOLDINGS, INC., reported an open-market purchase of 120,000 RYAN shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
120,000 |
$32.50 |
$3.90M |
Filing: Form 4 (Insider Transaction)
Insider: RYAN PATRICK G (Director, Executive Chairman, 10% Owner)
Shares: 120,000
Est. Value: $3.90M
Form 4
Open-market purchase
Insider Buying
2026-06-04
RYAN insider Hamilton Janice M (Chief Financial Officer) bought 6,300 shares (~$200.3K)
Hamilton Janice M, listed as Chief Financial Officer at RYAN SPECIALTY HOLDINGS, INC., reported an open-market purchase of 6,300 RYAN shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
6,300 |
$31.79 |
$200.3K |
Filing: Form 4 (Insider Transaction)
Insider: Hamilton Janice M (Chief Financial Officer)
Shares: 6,300
Est. Value: $200.3K
Form 4
Open-market purchase
Insider Buying
2026-06-04
RYAN insider KATZ MARK STEPHEN (EVP & General Counsel) bought 3,215 shares (~$99.9K)
KATZ MARK STEPHEN, listed as EVP & General Counsel at RYAN SPECIALTY HOLDINGS, INC., reported an open-market purchase of 3,215 RYAN shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
3,215 |
$31.07 |
$99.9K |
Filing: Form 4 (Insider Transaction)
Insider: KATZ MARK STEPHEN (EVP & General Counsel)
Shares: 3,215
Est. Value: $99.9K
Form 4
Gift
Tax / Compensation Filing
2026-06-01
RYAN insider Form 4 filed for equity award, exercise, or tax withholding
Bienen Henry S (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were transferred as a gift, typically for estate or charitable planning. No sale into the market took place.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
G |
Gift
|
5,757 |
— |
— |
G |
Gift
|
5,757 |
— |
— |
G |
Gift
|
2,700 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Bienen Henry S (Director)
Shares: 14,214