Krystyn trusts convert, sell 202K Baldwin Insurance shares
Baldwin Insurance Group, Inc. insider Elizabeth Krystyn, through family trusts, reported a sequence of conversions and sales of Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Baldwin Insurance Group, Inc. insider Elizabeth Krystyn, through family trusts, reported a sequence of conversions and sales of Class A common stock. On May 6, 2026, trusts converted a total of 202,000 LLC units and corresponding Class B common stock into 202,000 shares of Class A common stock.
On May 6–7, 2026, the trusts then executed open-market sales totaling 202,000 Class A shares at weighted average prices around $21.18–$21.20 per share, leaving the reporting person with no indirectly held Class A shares from these trusts after the reported transactions.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
10 txns
Insider
Krystyn Elizabeth
Role
Insider
Sold
202,000 shs ($4.28M)
Approx. gross sale proceeds
$4.28M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 98,278 | $21.20 | $2.08M |
| Sale | Class A Common Stock | 31,740 | $21.18 | $672K |
| Conversion | LLC Units in The Baldwin Insurance Group Holdings, LLC | 152,000 | $0.00 | $0.00 |
| Conversion | LLC Units in The Baldwin Insurance Group Holdings, LLC | 50,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 152,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 152,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 53,722 | $21.19 | $1.14M |
| Conversion | Class B Common Stock | 50,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 18,260 | $21.20 | $387K |
Holdings After Transaction:
LLC Units in The Baldwin Insurance Group Holdings, LLC — 1,595,012 contracts (Indirect, By Trust);
Class B Common Stock — 396,912 shares (Indirect, By Trust);
Class A Common Stock — 0 shares (Indirect, By Trust)
Footnotes (7)
- F1. These securities are directly held by the Elizabeth H. Krystyn 2017 Revocable Trust, dated June 28, 2017, of which the reporting person is the sole trustee and beneficiary.
- F2. The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $21.00 to $21.47. 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.
- F3. The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $21.00 to $21.50. 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.
- F4. These securities are directly held by the Elizabeth H. Krystyn 2019 Irrevocable Trust, dated September 30, 2019, of which Enrique M. Fueyo, the reporting person's spouse, serves as the sole trustee.
- F5. The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $21.01 to $21.44. 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.
- F6. The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $21.00 to $21.48. 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.
- F7. 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.
Key Figures
Shares sold: 202,000 shares
Weighted average sale price 1: $21.18/share
Weighted average sale price 2: $21.20/share
+5 more
8 metrics
Shares sold
202,000 shares
Total Class A shares sold in open-market transactions on May 6–7, 2026
Weighted average sale price 1
$21.18/share
Class A open-market sale on May 7, 2026
Weighted average sale price 2
$21.20/share
Class A open-market sales on May 6–7, 2026
Weighted average sale price 3
$21.19/share
Class A open-market sale on May 6, 2026
LLC units converted
202,000 units
LLC Units in The Baldwin Insurance Group Holdings, LLC converted on May 6, 2026
Class A from conversions
202,000 shares
Class A common stock received via derivative conversions on May 6, 2026
Post-transaction Class A holdings
0 shares
Indirect Class A holdings by the trusts after May 7, 2026 sales
Remaining LLC units
1,198,100 units
LLC Units in The Baldwin Insurance Group Holdings, LLC held indirectly after conversions
Key Terms
open-market sale, derivative conversion, LLC Units in The Baldwin Insurance Group Holdings, LLC, weighted average price, +2 more
6 terms
open-market sale financial
"transaction_action": "open-market sale""
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.
derivative conversion financial
"transaction_action": "derivative conversion""
LLC Units in The Baldwin Insurance Group Holdings, LLC financial
"security_title": "LLC Units in The Baldwin Insurance Group Holdings, LLC""
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.
irrevocable trust financial
"the Elizabeth H. Krystyn 2019 Irrevocable Trust, dated September 30, 2019"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Revocable Trust financial
"the Elizabeth H. Krystyn 2017 Revocable Trust, dated June 28, 2017"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BWIN reporting person Elizabeth Krystyn report on this Form 4?
Elizabeth Krystyn, via family trusts, reported converting 202,000 LLC units and corresponding Class B shares into 202,000 Class A Baldwin Insurance Group shares, then selling all 202,000 Class A shares in open-market transactions over May 6–7, 2026, at prices around $21 per share.
What prices were realized in the BWIN insider sales reported by the Krystyn trusts?
The reported Class A share sales used weighted average prices of $21.18, $21.19 and $21.20 per share. Footnotes explain that individual trades occurred within ranges between approximately $21.00 and $21.50, with full trade-by-trade details available upon request from the issuer or regulators.
What derivative conversions were disclosed in the Baldwin Insurance Group (BWIN) Form 4?
Trusts associated with Elizabeth Krystyn converted 202,000 LLC units in The Baldwin Insurance Group Holdings, LLC, together with corresponding Class B common stock, into 202,000 shares of Class A common stock. These conversions are coded as derivative conversions and carried a stated conversion price of $0.00 per unit.
AI-generated analysis. How Rhea-AI works. Not financial advice.
