Joseph D. Finney - 01 Apr 2021 Form 4 Insider Report for BRP Group, Inc. (BWIN)

Role
Member of 10% Owner Group
Signature
/s/ Seth Cohen, as attorney-in-fact for Joseph D. Finney
Issuer symbol
BWIN
Transactions as of
01 Apr 2021
Net transactions value
-$1,500
Form type
4
Filing time
09 Aug 2022, 16:45:04 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRP Class A Common Stock Other $0 +923 +2.6% $0.000000 35,923 01 Apr 2021 Direct F1
transaction BRP Class A Common Stock Gift $0 -35,000 -97% $0.000000 923 06 Dec 2021 Direct F2
transaction BRP Class A Common Stock Gift $0 +35,000 $0.000000 35,000 06 Dec 2021 By Trust F2
transaction BRP Class A Common Stock Tax liability $1,500 -54 -5.9% $27.77 869 01 Apr 2022 Direct F3
transaction BRP Class B Common Stock Gift $0 -337,852 -100% $0.000000* 0 05 Aug 2022 Direct
transaction BRP Class B Common Stock Gift $0 +337,852 $0.000000 337,852 05 Aug 2022 By Trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BRP LLC Units in Baldwin Risk Partners, LLC Gift $0 -337,852 -100% $0.000000* 0 05 Aug 2022 Class A Common Stock 337,852 $0.000000 Direct F5
transaction BRP LLC Units in Baldwin Risk Partners, LLC Gift $0 +337,852 $0.000000 337,852 05 Aug 2022 Class A Common Stock 337,852 $0.000000 By Trust F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 923 shares of BRP Group, Inc.'s (the "Company") Class A common stock, par value $0.01 per share (the "Class A Common Stock") vest in four equal annual installments. Due to an administrative error, the reporting person inadvertently failed to file the required report pursuant to Section 16 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect to the acquisition of Class A Common Stock.
F2 On December 6, 2021, the reporting person gifted 35,000 shares of the Company's Class A Common Stock to the Joseph D. Finney Revocable Trust u/a/d 10/12/21 (the "Trust"), of which his wife and children are beneficiaries. Due to an administrative error, the reporting person inadvertently failed to file the required report pursuant to Section 16 under the Exchange Act, with respect to the gift. The reporting person disclaims beneficial ownership of the securities in the Trust, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
F3 Represents shares of the Company's Class A Common Stock withheld to satisfy the reporting person's tax obligation upon the vesting of 231 shares of Class A Common Stock. Due to an administrative error, the reporting person inadvertently failed to file the required report pursuant to Section 16 under the Exchange Act with respect to the withholding of Class A Common Stock.
F4 On August 5, 2022, the reporting person gifted 337,852 shares of the Company's Class B common stock, par value $0.0001 per share, to the Trust. The reporting person disclaims beneficial ownership of the securities in the Trust, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 under the Exchange Act or any other purpose.
F5 Each LLC Unit, together with a share of Class B common stock, may be converted by the holder into one share of Class A common stock at any time. The LLC Units do not expire.