Corbyn N. Lichon - 23 Feb 2026 Form 4 Insider Report for Baldwin Insurance Group, Inc. (BWIN)

Role: Chief Accounting Officer
Signature: /s/ Seth Cohen, as Attorney-in-Fact, for Corbyn Lichon
Issuer symbol: BWIN
Transactions as of: 23 Feb 2026
Net transactions value: -$31,152
Form type: 4
Filing time: 25 Feb 2026, 20:45:42 UTC
Previous filing: 16 Jan 2026
Next filing: 05 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lichon Corbyn N.	Chief Accounting Officer	C/O THE BALDWIN INSURANCE GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA	/s/ Seth Cohen, as Attorney-in-Fact, for Corbyn Lichon	25 Feb 2026	0001849136

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWIN	Class A Common Stock	Award	$0	+4,744	+10%	$0.000000	51,416	23 Feb 2026	Direct	F1
transaction	BWIN	Class A Common Stock	Tax liability	$31,152	-1,880	-3.7%	$16.57	49,536	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.