Lowry Baldwin - 06 Sep 2023 Form 4 Insider Report for BRP Group, Inc. (BRP)

Role
Director, Chairman and member of 10% owner group, 10%+ Owner
Signature
/s/ Seth Cohen, as Attorney-in-Fact, for Lowry Baldwin
Issuer symbol
BRP
Transactions as of
06 Sep 2023
Transactions value $
$0
Form type
4
Filing time
08 Sep 2023, 20:00:25 UTC
Previous filing
21 Aug 2023
Next filing
13 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRP Class A Common Stock Sale -172,000 -100% 0 06 Sep 2023 See Footnote F1
transaction BRP Class B Common Stock Other $0 -120,000 -0.76% $0 15,691,478 06 Sep 2023 By Baldwin Insurance Group Holdings, LLC F2, F3
transaction BRP Class B Common Stock Other $0 +120,000 $0 120,000 06 Sep 2023 By Trust F2, 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 BRP LLC Units in Baldwin Risk Partners, LLC Other $0 -120,000 -0.76% $0 15,691,478 06 Sep 2023 Class A Common Stock 120,000 $0 By Baldwin Insurance Group Holdings, LLC F2, F3, F5
transaction BRP LLC Units in Baldwin Risk Partners, LLC Other $0 +120,000 $0 120,000 06 Sep 2023 Class A Common Stock 120,000 $0 By Trust F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held by J&L Triple B Ranch, LLLP ("J&L"). Prior to this transaction, the general partner of J&L was Shibumi Services, LLC ("Shibumi") of which the reporting person is the sole manager. On September 6, 2023, Shibumi sold its 1% general partnership interest in J&L for an aggregate purchase price of $74,140. The reporting person disclaims beneficial ownership in these shares except to the extent of his pecuniary interest therein.
F2 In a transaction exempt from Section 16 pursuant to Rule 16a-13, the reporting person transferred shares that he held indirectly through Baldwin Insurance Group Holdings, LLC ("BIGH") to the L. Lowry Baldwin Revocable Family Trust (the "Baldwin Revocable Trust"), of which the reporting person serves as the sole trustee and beneficiary, in exchange for a corresponding reduction in the Baldwin Revocable Trust's ownership of BIGH.
F3 The reporting person disclaims beneficial ownership in these securities except to the extent of his pecuniary interest therein.
F4 The securities are directly held by the Baldwin Revocable Trust, of which the reporting person serves as the sole trustee and beneficiary.
F5 Each LLC Unit, together with a share of Class B common stock, may be exchanged by the holder into one share of Class A common stock at any time. The LLC Units do not expire.

Remarks:

Chairman and member of 10% owner group