Insider trade

Director sold ~$226M of RYAN shares in the open market

Traded Dec 5, 2025 · Filed Dec 5, 2025

Why it stands out

A Ryan Specialty director sold $226M of Ryan Specialty shares. The filing does not indicate a pre-arranged trading plan.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

DirectorIndirect holding$1M+

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$225,936,345

Shares × reported transaction price

Timing vs results

36 days after results of Oct 30, 2025, 69 days before results of Feb 12, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After	Stock	S&P 500	Difference
7 days	+0.6%	−0.4%	+1.0%
30 days	−6.6%	+0.9%	−7.5%
90 days	−29.7%	−0.8%	−29.0%
180 days	−41.2%	+8.1%	−49.4%

Past results only. Not a forecast.

Following the transaction reported above, no shares of the Issuer's Class A Common Stock are held by any of the Reporting Persons.
Onex Corporation owns all of the equity of Onex RSG GP Inc., which is the general partner of Onex RSG LP and Onex RSG Holdings LP. Mr. Gerald W. Schwartz, the Chairman of Onex Corporation, indirectly owns shares representing a majority of the voting rights of the shares of Onex Corporation. Each of Onex RSG GP Inc., Onex Corporation and Mr. Schwartz disclaim beneficial ownership over the shares of Class A Common Stock held prior to the transaction reported herein by Onex RSG LP and Onex RSG Holdings LP except to the extent of their pecuniary interests therein.