Baldwin Insurance (BWIN) General Counsel sells 15,000 shares in open-market trade

Rhea-AI Filing Summary

Baldwin Insurance Group, Inc. reported that its General Counsel, Seth Bala Cohen, executed an open-market sale of Class A Common Stock. He sold 15,000 shares at a weighted average price of $20.01 per share on May 14, 2026, with individual trade prices ranging from $20.00 to $20.025. Following this transaction, he directly holds 14,024 shares of Class A Common Stock.

Insider Trade Summary

Net Seller: 15,000 shares ($300,150)

Net Sell 1 txn

Insider Cohen Seth Bala

Role General Counsel

Sold 15,000 shs ($300K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	15,000	$20.01	$300K

Holdings After Transaction: Class A Common Stock — 14,024 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 15,000 shares Weighted average sale price: $20.01 per share Shares held after transaction: 14,024 shares +1 more

4 metrics

Shares sold 15,000 shares Class A Common Stock sold on May 14, 2026

Weighted average sale price $20.01 per share Open-market sale price range $20.00–$20.025

Shares held after transaction 14,024 shares Direct ownership following sale

Sale direction Net-sell 15,000 shares transactionSummary netBuySellShares

Key Terms

open-market sale, Class A Common Stock, weighted average price, Form 4

4 terms

open-market sale financial

"transaction_action: "open-market sale" for the Class A Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"security_title: "Class A Common Stock" involved in the transaction"

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.

weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 regulatory

"insider transaction disclosed in a Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Cohen Seth Bala

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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	05/14/2026		S		15,000	D	$20.01(1)	14,024	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:

1. The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $20.00 to $20.025. 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.

Remarks:

	/s/ Seth Cohen	05/15/2026
	** 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 Baldwin Insurance Group (BWIN) report?

Baldwin Insurance Group reported an open-market sale by its General Counsel. He sold 15,000 shares of Class A Common Stock at a weighted average price of $20.01 per share, reflecting a routine insider disposition disclosed in a Form 4.

Who at Baldwin Insurance Group (BWIN) sold shares and in what role?

The seller was Seth Bala Cohen, Baldwin Insurance Group’s General Counsel. As a senior executive officer, his transactions must be reported to the SEC, providing transparency into changes in his direct ownership of the company’s Class A Common Stock.

How many Baldwin Insurance Group (BWIN) shares were sold and at what price?

The General Counsel sold 15,000 shares of Class A Common Stock. The weighted average sale price was $20.01 per share, with individual trades occurring within a narrow range from $20.00 to $20.025 during the reported transaction date.

How many Baldwin Insurance Group (BWIN) shares does the insider hold after the sale?

After the open-market sale, the General Counsel directly holds 14,024 shares of Class A Common Stock. This figure reflects his remaining position as reported in the Form 4 and helps investors understand the scale of the disposition relative to his holdings.

What does the weighted average price disclosure mean for the BWIN insider sale?

The filing reports a weighted average sale price of $20.01 per share. It notes that multiple trades occurred between $20.00 and $20.025, and the insider offers to provide detailed breakdowns of shares sold at each specific price upon request.