Bigh, Llc - Aug 12, 2024 Form 4 Insider Report for Baldwin Insurance Group, Inc. (BWIN)

Role: Member of 10% Owner Group, 10%+ Owner
Signature: /s/ Seth Cohen, as Attorney-in Fact, for BIGH, LLC
Stock symbol: BWIN
Transactions as of: Aug 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/14/2024, 07:16 PM
Previous filing: May 23, 2024
Next filing: Aug 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWIN	Class B Common Stock	Other	$0	-100K	-0.76%	$0.00	13M	Aug 12, 2024	Direct	F1, F2

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	BWIN	LLC Units in The Baldwin Insurance Group Holdings, LLC	Other	$0	-100K	-0.76%	$0.00	13M	Aug 12, 2024	Class A Common Stock	100K	$0.00	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities were distributed by the reporting person to the L. Lowry Baldwin Revocable Family Trust (the "Baldwin Revocable Trust"), of which L. Lowry Baldwin (who is the sole manager of the manager of the reporting person and who is deemed to have beneficial ownership of the securities held by the reporting person to the extent of his pecuniary therein) is sole trustee, in exchange for a corresponding reduction in the Baldwin Revocable Trust's ownership of the reporting person.
F2	The reporting person disclaims beneficial ownership in these securities except to the extent of its pecuniary interest therein.
F3	Each LLC Unit, together with a share of Class B common stock, may be exchanged by the holder into one share of Class A common stock at any time. The LLC Units do not expire.