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Of particular interest, at least to me, is the SINGLE 302 that will be shown by Director Wray ONLY to Nunes and Nunes’ senior investigators. I may be reading more into this than actually exists, but I’m assuming from the language of the memorandum that RANKING MEMBERS (i.e., ‘RATS) WILL BE EXCLUDED FROM THIS MEETING/REVEAL BY WRAY.

From that assumption I’m inferring that the 302 contains something that incriminates one or more individuals who are at least “friends” of the ‘RATS. And I’m further inferring (because of the delay in release of that particular 302) that some sort of unstated (legal?) action is being contemplated as a result of that 302’s information AND THE FBI DOESN’T WANT TO TIP ITS HAND PREMATURELY. Surprises upcoming?

Yes, there's something “special” about that single 302.

I'm not sure about excluding all the ranking members, as Schiff is part of the “gang of eight,” and would normally be entitled to see it.

But it may be as you say - if so, I'd guess that it may relate to charges that Schiff has been caught leaking, as he was accused during the testimony of Don Jr. regarding the Trump Tower meeting which occurred before the committee a few weeks ago.