Lowry Baldwin - May 28, 2025 Form 4 Insider Report for Baldwin Insurance Group, Inc. (BWIN)

Role
Director, Chairman and member of 10% owner group, 10%+ Owner
Signature
/s/ Seth Cohen, as Attorney-in Fact, for Lowry Baldwin
Stock symbol
BWIN
Transactions as of
May 28, 2025
Transactions value $
-$2,395,000
Form type
4
Date filed
5/30/2025, 05:14 PM
Previous filing
May 14, 2025
Next filing
Jun 11, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Baldwin Lowry Director, Chairman and member of 10% owner group, 10%+ Owner 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA /s/ Seth Cohen, as Attorney-in Fact, for Lowry Baldwin 2025-05-30 0001787626

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWIN Class B Common Stock Conversion of derivative security $0 -31.3K -100% $0.00 0 May 28, 2025 By Trust F1
transaction BWIN Class A Common Stock Conversion of derivative security $0 +31.3K $0.00 31.3K May 28, 2025 By Trust F1
transaction BWIN Class A Common Stock Sale -$1.2M -31.3K -100% $38.32 0 May 28, 2025 By Trust F1, F2
transaction BWIN Class B Common Stock Conversion of derivative security $0 -31.3K -100% $0.00 0 May 28, 2025 By Trust F3
transaction BWIN Class A Common Stock Conversion of derivative security $0 +31.3K $0.00 31.3K May 28, 2025 By Trust F3
transaction BWIN Class A Common Stock Sale -$1.2M -31.3K -100% $38.32 0 May 28, 2025 By Trust F2, F3

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 BWIN LLC Units in The Baldwin Insurance Group Holdings, LLC Conversion of derivative security $0 -31.3K -100% $0.00 0 May 28, 2025 Class A Common Stock 31.3K $0.00 By Trust F1, F4
transaction BWIN LLC Units in The Baldwin Insurance Group Holdings, LLC Conversion of derivative security $0 -31.3K -100% $0.00 0 May 28, 2025 Class A Common Stock 31.3K $0.00 By Trust F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are directly held by the L. Lowry Baldwin Revocable Family Trust, of which the reporting person serves as the sole trustee.
F2 The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $38.00 to $38.71. 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.
F3 The securities are directly held by The Pop Pop Trust, of which the reporting person serves as the sole trustee.
F4 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.

Remarks:

Chairman and member of 10% owner group