Bigh, Llc - Jun 9, 2025 Form 4 Insider Report for Baldwin Insurance Group, Inc. (BWIN)

Role: Member of 10% Owner Group, 10%+ Owner
Signature: /s/ Seth Cohen, as Attorney-in Fact, for BIGH, LLC
Stock symbol: BWIN
Transactions as of: Jun 9, 2025
Transactions value $: $0
Form type: 4
Date filed: 6/11/2025, 05:49 PM
Previous filing: May 14, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
BIGH, LLC	Member of 10% Owner Group, 10%+ Owner	4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA	/s/ Seth Cohen, as Attorney-in Fact, for BIGH, LLC	2025-06-11	0001787620

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWIN	Class B Common Stock	Other	$0	-50K	-0.4%	$0.00	12.6M	Jun 9, 2025	Direct	F1, F2

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	Other	$0	-50K	-0.4%	$0.00	12.6M	Jun 9, 2025	Class A Common Stock	50K	$0.00	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities were distributed by the reporting person to the Honey Bee Family Trust, of which the spouse of L. Lowry Baldwin (who is the sole manager of the manager of the reporting person and who is deemed to have beneficial ownership of the securities held by the reporting person 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 the reporting person.
F2	The reporting person disclaims beneficial ownership in these securities except to the extent of its pecuniary interest therein.
F3	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.