Lowry Baldwin - 09 Jun 2025 Form 4 Insider Report for Baldwin Insurance Group, Inc. (BWIN)

Role
Director, Chairman and member of 10% owner group, 10%+ Owner
Signature
/s/ Seth Cohen, as Attorney-in Fact, for Lowry Baldwin
Issuer symbol
BWIN
Transactions as of
09 Jun 2025
Net transactions value
-$1,949,000
Form type
4
Filing time
11 Jun 2025, 17:50:37 UTC
Previous filing
30 May 2025
Next filing
04 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Baldwin Lowry Director, Chairman and member of 10% owner group, 10%+ Owner 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA /s/ Seth Cohen, as Attorney-in Fact, for Lowry Baldwin 11 Jun 2025 0001787626

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWIN Class B Common Stock Other $0 -50,000 -0.4% $0.000000 12,572,590 09 Jun 2025 By BIGH, LLC F1, F2
transaction BWIN Class B Common Stock Other $0 +50,000 $0.000000 50,000 09 Jun 2025 By Trust F1, F3
transaction BWIN Class B Common Stock Conversion of derivative security $0 -50,000 -100% $0.000000 0 09 Jun 2025 By Trust F3
transaction BWIN Class A Common Stock Conversion of derivative security $0 +50,000 $0.000000 50,000 09 Jun 2025 By Trust F3
transaction BWIN Class A Common Stock Sale $1,949,000 -50,000 -100% $38.98 0 09 Jun 2025 By Trust F3, 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 BWIN LLC Units in The Baldwin Insurance Group Holdings, LLC Other $0 -50,000 -0.4% $0.000000 12,572,590 09 Jun 2025 Class A Common Stock 50,000 $0.000000 By BIGH, LLC F1, F2, F5
transaction BWIN LLC Units in The Baldwin Insurance Group Holdings, LLC Other $0 +50,000 $0.000000 50,000 09 Jun 2025 Class A Common Stock 50,000 $0.000000 By Trust F1, F3, F5
transaction BWIN LLC Units in The Baldwin Insurance Group Holdings, LLC Conversion of derivative security $0 -50,000 -100% $0.000000 0 09 Jun 2025 Class A Common Stock 50,000 $0.000000 By Trust F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were distributed by BIGH, LLC ("BIGH") to the Honey Bee Family Trust, of which the spouse of the reporting person (who is the sole manager of the manager of BIGH and who is deemed to have beneficial ownership of the securities held by BIGH to the extent of his pecuniary therein) is sole trustee, in exchange for a corresponding reduction in the Honey Bee Family Trust's ownership of BIGH.
F2 The reporting person disclaims beneficial ownership in these securities except to the extent of his pecuniary interest therein.
F3 These securities are directly held by the Honey Bee Family Trust, of which the spouse of the reporting person serves as sole trustee. The reporting person disclaims beneficial ownership of these securities.
F4 The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $38.84 to $39.28. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F5 Each LLC Unit, together with a share of Class B common stock, may be exchanged by the holder for one share of Class A common stock at any time. The LLC Units do not expire.

Remarks:

Chairman and member of 10% owner group