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

Reporting relationship: Director, Chairman and member of 10% owner group, 10%+ Owner
Issuer ticker: BWIN
Reported as of: 09 Jun 2025
Net transaction value: -$1,949,000
SEC form: 4
Accepted by SEC: 11 Jun 2025, 17:50:37 UTC
Prior SEC filing: 30 May 2025
Next SEC filing: 04 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Seth Cohen, as Attorney-in Fact, for Lowry Baldwin

Key filing fact

Lowry Baldwin filed Form 4 for Baldwin Insurance Group, Inc. (BWIN) on 11 Jun 2025.

Key facts

This page summarizes Lowry Baldwin's Form 4 filing for Baldwin Insurance Group, Inc. (BWIN).
8 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 11 Jun 2025, 17:50.

Change

Previous filing in this sequence was filed on 30 May 2025.
Current net transaction value: -$1,949,000.

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 0001787626 Primary reporting owner

Baldwin Lowry

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

Reported non-derivative transactions

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

BWIN transaction

Class B Common Stock

Other

Transaction value: $0
Shares: -50,000
Change %: -0.4%
Price: $0.000000
Shares after: 12,572,590
Date: 09 Jun 2025
Ownership: By BIGH, LLC
Footnotes: F1, F2

BWIN transaction

Class B Common Stock

Other

Transaction value: $0
Shares: +50,000
Change %
Price: $0.000000
Shares after: 50,000
Date: 09 Jun 2025
Ownership: By Trust
Footnotes: F1, F3

BWIN transaction

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -50,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 09 Jun 2025
Ownership: By Trust
Footnotes: F3

BWIN transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +50,000
Change %
Price: $0.000000
Shares after: 50,000
Date: 09 Jun 2025
Ownership: By Trust
Footnotes: F3

BWIN transaction

Class A Common Stock

Sale

Transaction value: $1,949,000
Shares: -50,000
Change %: -100%
Price: $38.98
Shares after: 0
Date: 09 Jun 2025
Ownership: By Trust
Footnotes: F3, F4

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

Other

Transaction value: $0
Shares: -50,000
Change %: -0.4%
Price: $0.000000
Shares after: 12,572,590
Date: 09 Jun 2025
Ownership: By BIGH, LLC
Underlying class: Class A Common Stock
Underlying amount: 50,000
Exercise price: $0.000000
Footnotes: F1, F2, F5

BWIN transaction Derivative

LLC Units in The Baldwin Insurance Group Holdings, LLC

Other

Transaction value: $0
Shares: +50,000
Change %
Price: $0.000000
Shares after: 50,000
Date: 09 Jun 2025
Ownership: By Trust
Underlying class: Class A Common Stock
Underlying amount: 50,000
Exercise price: $0.000000
Footnotes: F1, F3, F5

BWIN transaction Derivative

LLC Units in The Baldwin Insurance Group Holdings, LLC

Conversion of derivative security

Transaction value: $0
Shares: -50,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 09 Jun 2025
Ownership: By Trust
Underlying class: Class A Common Stock
Underlying amount: 50,000
Exercise price: $0.000000
Footnotes: F3, F5

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

The reporting person disclaims beneficial ownership in these securities except to the extent of his pecuniary interest therein.

Footnote 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.

Footnote 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.

Footnote 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.

SEC remarks

Chairman and member of 10% owner group