Baldwin Insurance grants director Sparks 824 shares

The director’s reported positions also include shares held through an LLC, an inheritor’s trust and an individual retirement account.

Rhea-AI Filing Summary

Baldwin Insurance Group, Inc. director Paul Eugene Sparks received an award of 824 Class A common shares on October 1, 2026. The issuer withheld 244 shares to satisfy income tax withholding obligations connected with the restricted-stock grant. Reported indirect holdings on that date included 996,706 shares by Sparks 5280VC, LLC, 96,787 shares by the Paul Sparks Inheritor's Trust, for which Sparks acts as trustee, and 18,042 shares in his individual retirement account.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Sparks Paul Eugene

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	824	$0.00	$0.00
Tax Withholding	Class A Common Stock F1	244	$31.77	$8K
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock F2	--	--	--
holding	Class A Common Stock F3	--	--	--

Holdings After Transaction: Class A Common Stock — 2,862 shares (Direct); Class A Common Stock — 996,706 shares (Indirect, By Sparks 5280VC, LLC); Class A Common Stock — 96,787 shares (Indirect, By Trust); Class A Common Stock — 18,042 shares (Indirect, By IRA)

Footnotes (3)

1. F1. Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the grant of restricted Class A common stock reported on this Form 4.
2. F2. These shares are directly held by the Paul Sparks Inheritor's Trust, for which such Reporting Person acts as trustee.
3. F3. These shares are directly held by such Reporting Person's individual retirement account, for which the Reporting Person remains the beneficial owner.

Key Figures

Class A shares awarded: 824 shares Shares withheld for income tax: 244 shares Shares held by Sparks 5280VC, LLC: 996,706 shares +2 more

5 metrics

Class A shares awarded 824 shares Award on October 1, 2026

Shares withheld for income tax 244 shares Withheld by the issuer on October 1, 2026

Shares held by Sparks 5280VC, LLC 996,706 shares Reported indirect holding on October 1, 2026

Shares held by the Paul Sparks Inheritor's Trust 96,787 shares Reported indirect holding on October 1, 2026

Shares held in individual retirement account 18,042 shares Reported indirect holding on October 1, 2026

Key Terms

restricted Class A common stock, income tax withholding obligations, beneficial owner, individual retirement account

4 terms

restricted Class A common stock financial

"grant of restricted Class A common stock"

income tax withholding obligations financial

"to satisfy income tax withholding obligations"

beneficial owner financial

"remains the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

individual retirement account financial

"individual retirement account"

A tax-advantaged retirement account owned by an individual that holds investments such as stocks, bonds, mutual funds or cash and is governed by rules about how much can be contributed and when money can be withdrawn. It matters to investors because the account’s specific tax rules and withdrawal limits affect how savings grow and when taxes are paid; think of it as a labeled box for retirement money that comes with special tax treatment and rules about when you can open it.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did BWIN director Paul Eugene Sparks receive?

Paul Eugene Sparks received an award of 824 shares of Baldwin Insurance Group, Inc. Class A common stock on October 1, 2026. The issuer withheld 244 shares to satisfy income tax withholding obligations connected with the restricted-stock grant.

What indirect BWIN shareholdings were reported for Paul Eugene Sparks?

Reported indirect holdings included 996,706 shares by Sparks 5280VC, LLC, 96,787 shares by the Paul Sparks Inheritor's Trust, and 18,042 shares in his individual retirement account. Sparks acts as trustee of the trust and is identified as the IRA shares’ beneficial owner.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/02/2026 - 07:46 PM Accepted by SEC EDGAR 10/02/2026 - 07:45 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^*

Sparks Paul Eugene

(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)
10/01/2026

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	10/01/2026		A		824	A	$0	3,106	D
Class A Common Stock	10/01/2026		F		244(1)	D	$31.77	2,862	D
Class A Common Stock								996,706	I	By Sparks 5280VC, LLC
Class A Common Stock								96,787	I	By Trust(2)
Class A Common Stock								18,042	I	By IRA(3)

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 grant of restricted Class A common stock reported on this Form 4.

2. These shares are directly held by the Paul Sparks Inheritor's Trust, for which such Reporting Person acts as trustee.

3. These shares are directly held by such Reporting Person's individual retirement account, for which the Reporting Person remains the beneficial owner.

Remarks:

	/s/ Seth Cohen, as Attorney-in Fact, for Paul Sparks	10/02/2026
	** 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)