Lowry Baldwin - 11 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
11 Sep 2023
Transactions value $
-$3,117,276
Form type
4
Filing time
13 Sep 2023, 17:23:28 UTC
Previous filing
08 Sep 2023
Next filing
01 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRP Class B Common Stock Conversion of derivative security $0 -120,000 -100% $0* 0 12 Sep 2023 By Trust F2
transaction BRP Class A Common Stock Conversion of derivative security $0 +120,000 $0 120,000 12 Sep 2023 By Trust F2
transaction BRP Class A Common Stock Sale -$3,117,276 -120,000 -100% $25.98 0 12 Sep 2023 By Trust F2, F3
holding BRP Class B Common Stock 15,691,478 11 Sep 2023 By Baldwin Insurance Group Holdings, LLC F1

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 Conversion of derivative security $0 -120,000 -100% $0* 0 11 Sep 2023 Class A Common Stock 120,000 $0 By Trust F2, F4
holding BRP LLC Units in Baldwin Risk Partners, LLC 15,691,478 11 Sep 2023 Class A Common Stock 15,691,478 $0 By Baldwin Insurance Group Holdings, LLC F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership in these securities except to the extent of his pecuniary interest therein.
F2 The securities are directly held by the L. Lowry Baldwin Revocable Family Trust, of which the reporting person serves as the sole trustee and beneficiary.
F3 The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $25.60 to $26.69. 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.
F4 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