Certain LLC Units of Ryan Specialty Group Holdings, Inc. are subject to a Lock-Up Agreement Ending on 17-JAN-2022.
January 16, 2022
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Certain LLC Units of Ryan Specialty Group Holdings, Inc. are subject to a Lock-Up Agreement Ending on 17-JAN-2022. These LLC Units will be under lockup for 180 days starting from 21-JUL-2021 to 17-JAN-2022.
Details:
The company's directors, executive officers, and holders of substantially all of the securities have agreed with the underwriters that for a period of 180 days following the date of this prospectus, subject to certain exceptions, that they will not offer, sell, assign, transfer, pledge, contract to sell or otherwise dispose of or hedge any shares of common stock or any securities convertible into or exchangeable for shares of the common stock.
Ryan Specialty Holdings, Inc. is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. The Company provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. For retail insurance brokers, it assists in the placement of complex or otherwise hard-to-place risks. For insurance carriers, it works with retail and wholesale insurance brokers to source, onboard, underwrite, and service these same risks. The Companyâs Wholesale Brokerage Specialty operates predominantly under the brand RT Specialty along with others, such as RT ProExec and CERT. Its Binding Authority Specialty operates under the RT Specialty and RT Binding Authority brands. Its Underwriting Management Specialty operates under multiple brands, which are collectively referred to as Ryan Specialty Underwriting Managers.