Elizabeth Krystyn - 06 May 2026 Form 4 Insider Report for Baldwin Insurance Group, Inc. (BWIN)

Reporting relationship: Member of 10% Owner Group
Issuer ticker: BWIN
Reported as of: 06 May 2026
Net transaction value: -$4,281,228
SEC form: 4
Accepted by SEC: 08 May 2026, 16:33:15 UTC
Prior SEC filing: 06 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Seth Cohen, as Attorney-in Fact, for Elizabeth Krystyn

Key filing fact

Elizabeth Krystyn filed Form 4 for Baldwin Insurance Group, Inc. (BWIN) on 08 May 2026.

Key facts

This page summarizes Elizabeth Krystyn's Form 4 filing for Baldwin Insurance Group, Inc. (BWIN).
10 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 08 May 2026, 16:33.

Change

Previous filing in this sequence was filed on 06 Mar 2026.
Current net transaction value: -$4,281,228.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001787715 Primary reporting owner

Krystyn Elizabeth

Relationship: Member of 10% Owner Group
Address: C/O THE BALDWIN INSURANCE GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA
Signature: /s/ Seth Cohen, as Attorney-in Fact, for Elizabeth Krystyn
Signature date: 08 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BWIN transaction

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: -152,000
Change %: -11%
Price: $0.000000^*
Shares after: 1,198,100
Date: 06 May 2026
Ownership: By Trust
Footnotes: F1

BWIN transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +152,000
Change %
Price: $0.000000^*
Shares after: 152,000
Date: 06 May 2026
Ownership: By Trust
Footnotes: F1

BWIN transaction

Class A Common Stock

Sale

Transaction value: $1,138,369
Shares: -53,722
Change %: -35%
Price: $21.19
Shares after: 98,278
Date: 06 May 2026
Ownership: By Trust
Footnotes: F1, F2

BWIN transaction

Class A Common Stock

Sale

Transaction value: $2,083,494
Shares: -98,278
Change %: -100%
Price: $21.20
Shares after: 0
Date: 07 May 2026
Ownership: By Trust
Footnotes: F1, F3

BWIN transaction

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: -50,000
Change %: -11%
Price: $0.000000^*
Shares after: 396,912
Date: 06 May 2026
Ownership: By Trust
Footnotes: F4

BWIN transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +50,000
Change %
Price: $0.000000^*
Shares after: 50,000
Date: 06 May 2026
Ownership: By Trust
Footnotes: F4

BWIN transaction

Class A Common Stock

Sale

Transaction value: $387,112
Shares: -18,260
Change %: -37%
Price: $21.20
Shares after: 31,740
Date: 06 May 2026
Ownership: By Trust
Footnotes: F4, F5

BWIN transaction

Class A Common Stock

Sale

Transaction value: $672,253
Shares: -31,740
Change %: -100%
Price: $21.18
Shares after: 0
Date: 07 May 2026
Ownership: By Trust
Footnotes: F4, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BWIN transaction Derivative

LLC Units in The Baldwin Insurance Group Holdings, LLC

Conversion of derivative security

Transaction value
Shares: -152,000
Change %: -11%
Price: $0.000000^*
Shares after: 1,198,100
Date: 06 May 2026
Ownership: By Trust
Underlying class: Class A Common Stock
Underlying amount: 152,000
Exercise price: $0.000000
Footnotes: F1, F7

BWIN transaction Derivative

LLC Units in The Baldwin Insurance Group Holdings, LLC

Conversion of derivative security

Transaction value
Shares: -50,000
Change %: -11%
Price: $0.000000^*
Shares after: 396,912
Date: 06 May 2026
Ownership: By Trust
Underlying class: Class A Common Stock
Underlying amount: 50,000
Exercise price: $0.000000
Footnotes: F4, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

These securities are directly held by the Elizabeth H. Krystyn 2017 Revocable Trust, dated June 28, 2017, of which the reporting person is the sole trustee and beneficiary.

Footnote F2

The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $21.00 to $21.47. 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.

Footnote F3

The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $21.00 to $21.50. 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.

Footnote F4

These securities are directly held by the Elizabeth H. Krystyn 2019 Irrevocable Trust, dated September 30, 2019, of which Enrique M. Fueyo, the reporting person's spouse, serves as the sole trustee.

Footnote F5

The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $21.01 to $21.44. 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.

Footnote F6

The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $21.00 to $21.48. 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.

Footnote F7

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.