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Baldwin Lowry's Form 4 filing

Baldwin Insurance Group, Inc. (BWIN) · filed May 14, 2025

Accession no.
0001781755-25-000068
Filed
May 14, 2025
Trade date
May 12, 2025
Filing delay
2 days
Rule 10b5-1 plan
Not checked

This filing lists 13 non-derivative transactions and 7 derivative transactions. Open-market sales total $2.44M. It was filed 2 days after the trade.

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
OwnerRelationship to the company
Baldwin LowryCIK 0001787626Director, 10% Owner, Other: See Remarks

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
May 12, 2025Class B Common StockJOtherDisposed−30,000$0.00F1$012,747,590IndirectDuplicate filing
May 12, 2025Class B Common StockJOtherDisposed−62,500$0.00F3$012,685,090IndirectDuplicate filing
May 12, 2025Class B Common StockJOtherDisposed−62,500$0.00F4$012,622,590IndirectDuplicate filing
May 12, 2025Class B Common StockJOtherAcquired+62,500$0.00F3$062,500Indirect
May 12, 2025Class B Common StockJOtherAcquired+62,500$0.00F4$062,500Indirect
May 12, 2025Class B Common StockCConversionDisposed−31,250$0.00$031,250Indirect
May 12, 2025Class B Common StockCConversionDisposed−31,250$0.00$031,250Indirect
May 12, 2025Class A Common StockCConversionAcquired+31,250$0.00$031,250Indirect
May 12, 2025Class A Common StockCConversionAcquired+31,250$0.00$031,250Indirect
May 12, 2025Class A Common StockSSaleDisposed−20,304$38.79F7−$787,592.1610,946Indirect
May 12, 2025Class A Common StockSSaleDisposed−10,946$39.38F8−$431,053.480Indirect
May 12, 2025Class A Common StockSSaleDisposed−20,304$38.79F7−$787,592.1610,946Indirect
May 12, 2025Class A Common StockSSaleDisposed−10,946$39.38F8−$431,053.480Indirect

Derivative securities (Table II)

Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.

Derivative transactions
Trade dateSecurityTransactionUnderlying sharesUnit priceValueHeld afterOwnershipFlags
May 12, 2025Class A Common StockJOtherDisposed−30,000$0.00F1$012,747,590IndirectDuplicate filing
May 12, 2025Class A Common StockJOtherDisposed−62,500$0.00F3$012,685,090IndirectDuplicate filing
May 12, 2025Class A Common StockJOtherDisposed−62,500$0.00F4$012,622,590IndirectDuplicate filing
May 12, 2025Class A Common StockJOtherAcquired+62,500$0.00F3$062,500Indirect
May 12, 2025Class A Common StockJOtherAcquired+62,500$0.00F4$062,500Indirect
May 12, 2025Class A Common StockCConversionDisposed−31,250$0.00$031,250Indirect
May 12, 2025Class A Common StockCConversionDisposed−31,250$0.00$031,250Indirect

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

F1

These securities were distributed to a member of BIGH, LLC ("BIGH") in exchange for a corresponding reduction in such member's ownership of BIGH.

Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.

F3

In a transaction exempt from Section 16 pursuant to Rule 16a-13, 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) caused BIGH to distribute securities that were held by BIGH to the L. Lowry Baldwin Revocable Family Trust (the "Baldwin Revocable Trust"), of which the reporting person serves as the sole trustee, in exchange for a corresponding reduction in the Baldwin Revocable Trust's ownership of BIGH.

Referenced by the price of 2 transactions in Table I and 2 transactions in Table II.

F4

In a transaction exempt from Section 16 pursuant to Rule 16a-13, 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) caused BIGH to distribute securities that were held by BIGH to The Pop Pop Trust, of which the reporting person serves as the sole trustee, in exchange for a corresponding reduction in The Pop Pop Trust's ownership of BIGH.

Referenced by the price of 2 transactions in Table I and 2 transactions in Table II.

F7

The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $38.31 to $39.30. 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.

Referenced by the price of 2 transactions in Table I.

F8

The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $39.31 to $39.47. 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.

Referenced by the price of 2 transactions in Table I.

Remarks

Chairman and member of 10% owner group

Read the full filing on SEC EDGAR (opens in a new tab)