# EDGAR Filing Document

**Accession Number:** 0001145037
**File Stem:** 0001193125-23-032588
**Filing Date:** 2023-2
**Character Count:** 12814
**Document Hash:** 5a4227de5c96b3b27ba300b06ac146c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-032588.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001193125-23-032588

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYAN SPECIALTY HOLDINGS, INC.
- **CENTRAL INDEX KEY:** 0001849253
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92730
- **FILM NUMBER:** 23611993

**BUSINESS ADDRESS:**
- **STREET 1:** 180 NORTH STETSON AVENUE, SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
- **BUSINESS PHONE:** (646) 604-3935

**MAIL ADDRESS:**
- **STREET 1:** 180 NORTH STETSON AVENUE, SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYAN SPECIALTY GROUP HOLDINGS, INC.
- **DATE OF NAME CHANGE:** 20210511

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAVERICK SPECIALTY, INC.
- **DATE OF NAME CHANGE:** 20210304
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYAN PATRICK G
- **CENTRAL INDEX KEY:** 0001145037

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** 180 N. STETSON AVENUE, SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

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**SCHEDULE 13G/A** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**(Amendment No. 1)\*** 

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## Ryan Specialty Holdings, Inc.
**(Name of Issuer)** 

**Class A Common Stock, par value $0.001 per share** 

**(Title of Class of Securities)** 

**78351F107** 

**(CUSIP Number)** 

**December 31, 2022** 

**(Date of Event Which Requires Filing of this Statement)** 

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Check the Appropriate Box to Designate the Rule Pursuant to Which this Schedule Is Filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("<u>Act</u>") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the *Notes*).

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1. &nbsp;&nbsp;&nbsp;&nbsp; Names of Reporting Persons &nbsp;&nbsp;&nbsp;&nbsp; Patrick G. Ryan

2. &nbsp;&nbsp;&nbsp;&nbsp; Check The Appropriate Box
if a Member of a Group (See Instructions) &nbsp;&nbsp;&nbsp;&nbsp; (a) ☐ (b) ☐

3. &nbsp;&nbsp;&nbsp;&nbsp; SEC Use Only

4. &nbsp;&nbsp;&nbsp;&nbsp; Citizenship or Place of
Organization &nbsp;&nbsp;&nbsp;&nbsp; United States of
America

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 5. | &nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power<br>&nbsp;&nbsp;&nbsp;&nbsp;127,094,792<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 6. | &nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 7. | &nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power<br>&nbsp;&nbsp;&nbsp;&nbsp;127,094,792<sup>1)</sup> |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 8. | &nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

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9. &nbsp;&nbsp;&nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person &nbsp;&nbsp;&nbsp;&nbsp; 127,094,792<sup>(1)</sup>

10. &nbsp;&nbsp;&nbsp;&nbsp; Check Box if the Aggregate
Amount in Row (9) Excludes Certain Shares &nbsp;&nbsp;&nbsp;&nbsp; ☐

11. &nbsp;&nbsp;&nbsp;&nbsp; Percent of
Class Represented By Amount in Row (9) &nbsp;&nbsp;&nbsp;&nbsp; 56.63%(2)

12. &nbsp;&nbsp;&nbsp;&nbsp; Type of Reporting Person
(See Instructions) &nbsp;&nbsp;&nbsp;&nbsp; IN

Remarks:

(1) Represents (i) 15,046,608 shares of Class A common stock, par value $0.001 per share ("Class A
Shares") beneficially owned by the Reporting Person and (ii) 112,048,184 shares of Class A common stock issuable upon conversion of the Common Units of Ryan Specialty, LLC ("Common Units"), together with the cancellation of an
equivalent number of shares of Class B common stock ("Class B Shares") which are beneficially owned by the Reporting Person.

(2) Calculate based on (i) 112,365,492 shares of Class A common stock, par value $0.001 per share, outstanding
as of November 9, 2022 as reported on the Issuer's Form 10-Q, filed on November 10, 2022 *plus* (ii) 112,048,184 shares of Class A common stock issuable upon conversion of 112,048,184
Common Units (and cancellation of Class B Shares) beneficially owned by the Reporting Person.

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| | |
|:---|:---|
| **Item 1(a).** | **Name of Issuer** |
|  | Ryan Specialty Holdings, Inc. (the "Issuer") |
| **Item 1(b).** | **Address of the Issuer's Principal Executive Offices** |
|  | Two Prudential Plaza |
|  | 180 N. Stetson Avenue |
|  | Suite 4600 |
|  | Chicago, IL 60601 |
| **Item 2(a).** | **Names of Persons Filing** |
|  | This statement is filed by Patrick G. Ryan, referred to herein as the "Reporting Person": |
| **Item 2(b).** | **Address of the Principal Business Office, or if none, Residence:** |
|  | Two Prudential Plaza |
|  | 180 N. Stetson Avenue |
|  | Suite 4600 |
|  | Chicago, IL 60601 |
| **Item 2(c).** | **Citizenship** |
|  | See response to Item 4 on the cover page. |
| **Item 2(d).** | **Title of Class of Securities** |
|  | Class A Common Stock, $0.001 par value per share |
| **Item 2(e).** | CUSIP Number |
|  | 78351F107 |
| **Item 3.** | **If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n):** |
|  | Not Applicable. |
| **Item 4.** | **Ownership** |
| **(a)** | **Amount beneficially owned:** |
|  | See response to Item 9 on the cover page. |
| **(b)** | **Percent of Class:** |
|  | See response to Item 11 on the cover page. |
| **(c)** | **Number of shares as to which the Reporting Person has:** |
|  | **(i) Sole power to vote or to direct the vote:** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; See response to Item 5 on the cover page. |
|  | **(ii) Shared power to vote or to direct the vote:** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; See response to Item 6 on the cover page. |

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| | | |
|:---|:---|:---|
|  | **(iii)** | **Sole power to dispose or to direct the disposition of:** |
|  |  | See response to Item 7 on the cover page. |
|  | **(iv)** | **Shared power to dispose or to direct the disposition of:** |
|  |  | See response to Item 8 on the cover page. |
|  | The reported securities include 15,046,608 Class A Shares and 112,048,184 Common Units and Class B Shares (collectively, the "Reported Securities"). The Common Units (together with an equal number of corresponding Class B Shares delivered for cancellation) are convertible into an equivalent number of Class A Shares (unless the Issuer decides to settle such conversions in cash) and, prior to such exchange, the Class B Shares vote together with the Class A Shares on all matters and accordingly provides as-converted voting rights to holder of Common Units | The reported securities include 15,046,608 Class A Shares and 112,048,184 Common Units and Class B Shares (collectively, the "Reported Securities"). The Common Units (together with an equal number of corresponding Class B Shares delivered for cancellation) are convertible into an equivalent number of Class A Shares (unless the Issuer decides to settle such conversions in cash) and, prior to such exchange, the Class B Shares vote together with the Class A Shares on all matters and accordingly provides as-converted voting rights to holder of Common Units |
|  | Pursuant to the Director Nomination Agreement, dated as of July 26, 2021, among Ryan Specialty Holdings, Inc., the Reporting Person and the other parties thereto (the "Agreement"), the Reporting Person serves as the authorized representative with discretion to exercise voting rights with respect to the the Issuer's securities held by parties thereto (the "Ryan Party Securities"). In addition, the Reporting Person may have shared or sole control over the voting or disposition of Issuer securities that are held in certain trusts and accounts managed by, or for the benefit of, members of the Reporting Person's immediate family and others, but which are not Ryan Party Securities under the Agreement ("Additional Ryan Securities"). As a result, the Reporting Person may be deemed to beneficially own all of the Ryan Party Securities and the Additional Ryan Securities and the amount of Reported Securities reported in this Statement reflects the aggregate beneficial ownership of the foregoing. With respect to certain of such trusts and accounts, Shirley W. Ryan, the Reporting Person's spouse, serves as trustee and may be deemed to beneficially own the Reported Securities held therein, but disclaims such beneficial ownership. The filing of this Statement shall not be construed as an admission that either the Reporting Person or his spouse is, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement. | Pursuant to the Director Nomination Agreement, dated as of July 26, 2021, among Ryan Specialty Holdings, Inc., the Reporting Person and the other parties thereto (the "Agreement"), the Reporting Person serves as the authorized representative with discretion to exercise voting rights with respect to the the Issuer's securities held by parties thereto (the "Ryan Party Securities"). In addition, the Reporting Person may have shared or sole control over the voting or disposition of Issuer securities that are held in certain trusts and accounts managed by, or for the benefit of, members of the Reporting Person's immediate family and others, but which are not Ryan Party Securities under the Agreement ("Additional Ryan Securities"). As a result, the Reporting Person may be deemed to beneficially own all of the Ryan Party Securities and the Additional Ryan Securities and the amount of Reported Securities reported in this Statement reflects the aggregate beneficial ownership of the foregoing. With respect to certain of such trusts and accounts, Shirley W. Ryan, the Reporting Person's spouse, serves as trustee and may be deemed to beneficially own the Reported Securities held therein, but disclaims such beneficial ownership. The filing of this Statement shall not be construed as an admission that either the Reporting Person or his spouse is, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement. |
| **Item 5.** | **Ownership of Five Percent or Less of a Class** | **Ownership of Five Percent or Less of a Class** |
|  | Not Applicable. | Not Applicable. |
| **Item 6.** | **Ownership of More than Five Percent on Behalf of Another Person** | **Ownership of More than Five Percent on Behalf of Another Person** |
|  | Not Applicable. | Not Applicable. |
| **Item 7.** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company** |
|  | Not Applicable. | Not Applicable. |
| **Item 8.** | **Identification and Classification of Members of the Group** | **Identification and Classification of Members of the Group** |
|  | Not Applicable. | Not Applicable. |
| **Item 9.** | **Notice of Dissolution of Group** | **Notice of Dissolution of Group** |
|  | Not Applicable. | Not Applicable. |
| **Item 10.** | **Certification** | **Certification** |
|  | Not Applicable. | Not Applicable. |

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**SIGNATURE** 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 10, 2023

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| | |
|:---|:---|
| By: | /s/ Patrick G. Ryan |
| Name: | Patrick G. Ryan |

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