Director at Baldwin Insurance (BWIN) granted 1,207 new shares

Rhea-AI Filing Summary

Baldwin Insurance Group, Inc. director Muthukrishnan Sathish reported receiving an award of 1,207 shares of Class A Common Stock. The shares were acquired at a stated price of $0.00 per share, reflecting a compensation-related grant rather than an open-market purchase. Following this grant, his direct holdings total 10,254 shares of Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Muthukrishnan Sathish

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,207	$0.00	--

Holdings After Transaction: Class A Common Stock — 10,254 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 1,207 shares Grant price per share: $0.00 per share Total shares after transaction: 10,254 shares

3 metrics

Shares granted 1,207 shares Class A Common Stock award on 2026-07-01

Grant price per share $0.00 per share Stated grant price for awarded shares

Total shares after transaction 10,254 shares Director’s direct holdings following the grant

Key Terms

Class A Common Stock, grant/award acquisition, total shares following transaction

3 terms

Class A Common Stock financial

"security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

total shares following transaction financial

""total_shares_following_transaction": "10254.0000""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:38 PM Accepted by SEC EDGAR 07/02/2026 - 06:38 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Muthukrishnan Sathish

(Last) (First) (Middle)

C/O THE BALDWIN INSURANCE GROUP, INC.

4211 W. BOY SCOUT BLVD., SUITE 800

(Street)

TAMPA FLORIDA 33607

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Baldwin Insurance Group, Inc. [ BWIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/01/2026		A		1,207	A	$0	10,254	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Seth Cohen, as Attorney-in-Fact, for Sathish Muthukrishnan	07/02/2026
	** Signature of Reporting Person	Date
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Muthukrishnan Sathish report for BWIN?

Director Muthukrishnan Sathish reported receiving an award of 1,207 Baldwin Insurance Group Class A Common shares. The grant was recorded at $0.00 per share and is compensation-related, increasing his direct holdings to 10,254 shares of Class A Common Stock after the transaction.

How many Baldwin Insurance (BWIN) shares did the director acquire in this filing?

The director acquired 1,207 shares of Baldwin Insurance Group Class A Common Stock. These shares were granted at a stated price of $0.00 per share as an award, rather than bought in the open market, and increased his direct ownership position accordingly.

What is Muthukrishnan Sathish’s total Baldwin Insurance shareholding after this grant?

After the reported grant, Muthukrishnan Sathish directly holds 10,254 shares of Baldwin Insurance Group Class A Common Stock. This total reflects the addition of 1,207 awarded shares received on the reported transaction date as part of his director-related compensation.

Was the BWIN insider transaction an open-market buy or a share award?

The BWIN insider transaction was a share award, not an open-market purchase. The Form 4 classifies the code as a grant or other acquisition, with 1,207 Class A Common shares received at a stated price of $0.00 per share as compensation.

What type of security did the BWIN director receive in this Form 4 filing?

The director received Baldwin Insurance Group Class A Common Stock in this transaction. Specifically, he was granted 1,207 shares at a stated price of $0.00 per share, bringing his total direct holdings in this class of stock to 10,254 shares afterward.