James Morgan Roche - 23 Feb 2026 Form 4 Insider Report for Baldwin Insurance Group, Inc. (BWIN)

Role: President, The Baldwin Group and CEO, Underwriting, Capacity and Technology Operations
Signature: /s/ Seth Cohen, as Attorney-in Fact, for James Roche
Issuer symbol: BWIN
Transactions as of: 23 Feb 2026
Net transactions value: -$146,595
Form type: 4
Filing time: 25 Feb 2026, 20:43:17 UTC
Previous filing: 15 Dec 2025
Next filing: 27 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Roche James Morgan	President, The Baldwin Group and CEO, Underwriting, Capacity and Technology Operations	C/O THE BALDWIN INSURANCE GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA	/s/ Seth Cohen, as Attorney-in Fact, for James Roche	25 Feb 2026	0001789496

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWIN	Class A Common Stock	Award	$0	+29,544	+70%	$0.000000	71,657	23 Feb 2026	Direct	F1
transaction	BWIN	Class A Common Stock	Tax liability	$146,595	-8,847	-12%	$16.57	62,810	23 Feb 2026	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares of Class A common stock issued to the reporting person in settlement of performance-based restricted stock units ("PSUs") granted in 2023. The PSUs settled based on the achievement of predetermined performance goals.
F2	Represents shares of Class A common stock withheld by the issuer to satisfy income tax withholding obligations in connection with the issuance of the shares of Class A common stock as disclosed in footnote 1.

Remarks:

President, The Baldwin Group and CEO, Underwriting, Capacity and Technology Operations