Baldwin CFO reports tax-withholding share disposition

Baldwin Insurance Group, Inc. Chief Financial Officer Hale Bradford reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Baldwin Insurance Group, Inc. Chief Financial Officer Hale Bradford reported a routine tax-related share disposition. On the vesting of previously reported restricted Class A common stock, 9,837 shares were withheld by the issuer at $21.53 per share to satisfy income tax withholding obligations.

After this withholding, Bradford directly holds 174,501 shares of Class A common stock. An additional 10,000 shares are held indirectly through the Amy W. Hale Revocable Trust, for which his spouse serves as sole trustee.

Insider Trade Summary

Exercise Price or Tax Liability: 9,837 shares

Exercise Price or Tax Liability 2 txns

Insider Hale Bradford

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	9,837	$21.53	$212K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 174,501 shares (Direct); Class A Common Stock — 10,000 shares (Indirect, By Spouse)

Footnotes (2)

1. F1. Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on April 5, 2021.
2. F2. These securities are directly held by the Amy W. Hale Revocable Trust dated July 28, 2009, of which Amy W. Hale, the reporting person's spouse, serves as sole trustee.

Key Figures

Tax-withholding shares: 9,837 shares Withholding price: $21.53 per share Direct holdings after transaction: 174,501 shares +1 more

4 metrics

Tax-withholding shares 9,837 shares Shares withheld to satisfy income tax obligations on vesting

Withholding price $21.53 per share Price used for tax-withholding disposition of Class A common stock

Direct holdings after transaction 174,501 shares Class A common stock directly held by Hale Bradford after withholding

Indirect holdings via trust 10,000 shares Class A common stock held by Amy W. Hale Revocable Trust

Key Terms

Form 4, restricted Class A common stock, income tax withholding obligations, Revocable Trust

4 terms

Form 4 regulatory

"restricted Class A common stock reported on a Form 4 filed on April 5, 2021"

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.

restricted Class A common stock financial

"in connection with the vesting of restricted Class A common stock reported on a Form 4"

income tax withholding obligations financial

"shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting"

Revocable Trust financial

"Amy W. Hale Revocable Trust dated July 28, 2009, of which Amy W. Hale"

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 transaction did BWIN CFO Hale Bradford report on this Form 4?

Hale Bradford reported shares withheld to cover taxes on vesting restricted stock. The issuer withheld 9,837 Class A shares at $21.53 per share, a non-market tax-withholding disposition rather than an open-market sale or purchase.

Was the BWIN Form 4 transaction an open-market sale of shares?

No, the transaction was not an open-market sale. Shares were withheld by the issuer to satisfy income tax obligations on vesting restricted Class A common stock, classified as a tax-withholding disposition under transaction code F.

How many BWIN shares does Hale Bradford hold after the reported transaction?

After the tax withholding, Hale Bradford directly holds 174,501 Class A common shares. In addition, 10,000 Class A shares are held indirectly through the Amy W. Hale Revocable Trust, where his spouse serves as sole trustee.

What price per share was used for the BWIN tax-withholding transaction?

The tax-withholding disposition used a price of $21.53 per Class A common share. This price applies to the 9,837 shares withheld by the issuer to cover income tax obligations tied to the vesting restricted stock.

How are the indirectly held BWIN shares structured for Hale Bradford?

The indirect BWIN holdings are 10,000 Class A shares held by the Amy W. Hale Revocable Trust dated July 28, 2009. Amy W. Hale, the reporting person’s spouse, serves as sole trustee of this trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 06:16 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^*

Hale Bradford

(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)	X	Other (specify below)
	Chief Financial Officer		Member of 10% owner group

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		F		9,837(1)	D	$21.53	174,501	D
Class A Common Stock								10,000	I	By Spouse(2)

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. Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on April 5, 2021.

2. These securities are directly held by the Amy W. Hale Revocable Trust dated July 28, 2009, of which Amy W. Hale, the reporting person's spouse, serves as sole trustee.

Remarks:

	/s/ Seth Cohen, as Attorney-in-Fact, for Bradford Hale	04/03/2026
	** 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)