Form 4 for BWIN Baldwin Insurance Group, Inc.
Accepted 2023-09-11 00:00:00 ET · period of report 2023-09-07 · accession 0001214659-23-012270 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2023-09-11 | 2023-09-07 | BWIN | Sherman Laura | Member of 10% owner group | C - Cnv Deriv | $0.00 | 0 | 200.0K | New | $0 |
| DMI | 2023-09-11 | 2023-09-07+ | BWIN | Sherman Laura | Member of 10% owner group | S - Sale | $26.55 | -145.3K | 142.9K | -50% | -$3.86M |
| DI | 2023-09-11 | 2023-09-07 | BWIN | Sherman Laura | Member of 10% owner group | C - Cnv Deriv | $0.00 | -200.0K | 2.22M | -8% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock | 2023-09-07 | C | D | 200,000 | $0.00 | 2,217,704 | I By Trust | — | — | (F1) These securities are directly held by the Laura R. Sherman Trust, dated April 15, 2019, of which the reporting person serves as the sole trustee and beneficiary. |
| 2 | Common | Class A Common Stock | 2023-09-07 | C | A | 200,000 | $0.00 | 200,000 | I By Trust | — | — | (F1) These securities are directly held by the Laura R. Sherman Trust, dated April 15, 2019, of which the reporting person serves as the sole trustee and beneficiary. |
| 3 | Common | Class A Common Stock | 2023-09-11 | S | D | 22,305 | $26.24 | 54,695 | I By Trust | — | — | (F4) The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $26.00 to $26.79. 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. (F1) These securities are directly held by the Laura R. Sherman Trust, dated April 15, 2019, of which the reporting person serves as the sole trustee and beneficiary. |
| 4 | Common | Class A Common Stock | 2023-09-08 | S | D | 65,900 | $26.39 | 77,000 | I By Trust | — | — | (F3) The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $26.195 to $26.62. 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. (F1) These securities are directly held by the Laura R. Sherman Trust, dated April 15, 2019, of which the reporting person serves as the sole trustee and beneficiary. |
| 5 | Common | Class A Common Stock | 2023-09-07 | S | D | 57,100 | $26.86 | 142,900 | I By Trust | — | — | (F2) The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $26.61 to $27.44. 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. (F1) These securities are directly held by the Laura R. Sherman Trust, dated April 15, 2019, of which the reporting person serves as the sole trustee and beneficiary. |
| 6 | Derivative | LLC Units in Baldwin Risk Partners, LLC | 2023-09-07 | C | D | 200,000 | $0.00 | 2,217,704 | I By Trust | $0.00 · — to — | 200,000 Class A Common Stock | (F1) These securities are directly held by the Laura R. Sherman Trust, dated April 15, 2019, of which the reporting person serves as the sole trustee and beneficiary. (F7) 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. |