Form 4 for BWIN Baldwin Insurance Group, Inc.

Accepted 2026-03-04 00:00:00 ET · period of report 2026-03-02 · accession 0001787620-26-000001 · 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
D	2026-03-04	2026-03-02	BWIN	BIGH, LLC	10%, Member of 10% Owner Group	J - Other	$0.00	-35.0K	12.54M	-0.3%	$0
D	2026-03-04	2026-03-02	BWIN	BIGH, LLC	10%, Member of 10% Owner Group	J - Other	$0.00	-35.0K	12.54M	-0.3%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class B Common Stock	2026-03-02	J	D	35,000	$0.00	12,537,590	D	—	—	(F1) These securities were distributed to a member of the reporting person in exchange for a corresponding reduction in such member'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.
2	Derivative	LLC Units in The Baldwin Insurance Group Holdings, LLC	2026-03-02	J	D	35,000	$0.00	12,537,590	D	$0.00 · — to —	35,000 Class A Common Stock	(F1) These securities were distributed to a member of the reporting person in exchange for a corresponding reduction in such member'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 into one share of Class A common stock at any time. The LLC Units do not expire.