# EDGAR Filing Document

**Accession Number:** 0001787626
**File Stem:** 0001781755-25-000078
**Filing Date:** 2025-6
**Character Count:** 8197
**Document Hash:** 2c19d6b06cf83108300d7889a94f4582
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001781755-25-000078.hdr.sgml**: 20250611

**ACCESSION NUMBER**: 0001781755-25-000078

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250609

**FILED AS OF DATE**: 20250611

**DATE AS OF CHANGE**: 20250611

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Baldwin Lowry
- **CENTRAL INDEX KEY:** 0001787626

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39095
- **FILM NUMBER:** 251041081

**MAIL ADDRESS:**
- **STREET 1:** 4010 W. BOY SCOUT BLVD. SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Baldwin Insurance Group, Inc.
- **CENTRAL INDEX KEY:** 0001781755
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 611937225
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 4211 W. BOY SCOUT BLVD.
- **STREET 2:** SUITE 800
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607
- **BUSINESS PHONE:** (866) 279-0698

**MAIL ADDRESS:**
- **STREET 1:** 4211 W. BOY SCOUT BLVD.
- **STREET 2:** SUITE 800
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRP Group, Inc.
- **DATE OF NAME CHANGE:** 20190705

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Baldwin Lowry<br><sub>(Last) (First) (Middle)</sub><br>4211 W. BOY SCOUT BLVD.<br>SUITE 800<br><sub>(Street)</sub><br>TAMPA, FL 33607<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-06-09 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [X] Other (specify below)<br>_See Remarks_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Baldwin Insurance Group, Inc. [ BWIN ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class B Common Stock | 2025-06-09 |  | J<sup>(1)</sup> |  | 50000 | D | 0<sup>(1)</sup> | 12572590<sup>(2)</sup> | I | By BIGH, LLC |
| Class B Common Stock | 2025-06-09 |  | J<sup>(1)</sup> |  | 50000 | A | 0<sup>(1)</sup> | 50000 | I | By Trust<sup>(3)</sup> |
| Class B Common Stock | 2025-06-09 |  | C |  | 50000 | D | $0 | 0 | I | By Trust<sup>(3)</sup> |
| Class A Common Stock | 2025-06-09 |  | C |  | 50000 | A | $0 | 50000 | I | By Trust<sup>(3)</sup> |
| Class A Common Stock | 2025-06-09 |  | S |  | 50000 | D | 38.98<sup>(4)</sup> | 0 | I | By Trust<sup>(3)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| LLC Units in The Baldwin Insurance Group Holdings, LLC | $0 | 2025-06-09 |  | J<sup>(1)</sup> |  |  | 50000 | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 50000 | 0<sup>(1)</sup> | 12572590<sup>(2)</sup> | I | By BIGH, LLC |
| LLC Units in The Baldwin Insurance Group Holdings, LLC | $0 | 2025-06-09 |  | J<sup>(1)</sup> |  | 50000 |  | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 50000 | 0<sup>(1)</sup> | 50000 | I | By Trust<sup>(3)</sup> |
| LLC Units in The Baldwin Insurance Group Holdings, LLC | $0 | 2025-06-09 |  | C |  |  | 50000 | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 50000 | $0 | 0 | I | By Trust<sup>(3)</sup> |

---

### Footnotes:

(1) These securities were distributed by BIGH, LLC ("BIGH") to the Honey Bee Family Trust, of which the spouse of 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) is sole trustee, in exchange for a corresponding reduction in the Honey Bee Family Trust's ownership of BIGH.

(2) The reporting person disclaims beneficial ownership in these securities except to the extent of his pecuniary interest therein.

(3) These securities are directly held by the Honey Bee Family Trust, of which the spouse of the reporting person serves as sole trustee. The reporting person disclaims beneficial ownership of these securities.

(4) The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $38.84 to $39.28. 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.

(5) 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

**Signature:** /s/ Seth Cohen, as Attorney-in Fact, for Lowry Baldwin  
**Date:** 2025-06-11

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**