Director at Baldwin Insurance (BWIN) receives 1,221-share stock grant

Rhea-AI Filing Summary

Muthukrishnan Sathish reported acquisition or exercise transactions in this Form 4 filing.

Baldwin Insurance Group, Inc. director Muthukrishnan Sathish received a grant of 1,221 shares of Class A Common Stock on April 1, 2026. The shares were awarded at a stated price of $0.00 per share, indicating equity compensation rather than an open-market purchase. Following this award, Sathish directly holds 9,047 shares of the company’s Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Muthukrishnan Sathish

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,221	$0.00	--

Holdings After Transaction: Class A Common Stock — 9,047 shares (Direct)

Footnotes (1)

Key Figures

Shares granted: 1,221 shares Post-transaction holdings: 9,047 shares Grant price: $0.00 per share

3 metrics

Shares granted 1,221 shares Equity grant of Class A Common Stock on April 1, 2026

Post-transaction holdings 9,047 shares Class A Common Stock directly held by director after grant

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

Key Terms

Class A Common Stock, Grant, award, or other acquisition, Form 4

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, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 regulatory

"INSIDER FILING DATA (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^*

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)
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		A		1,221	A	$0	9,047	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	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)

FAQ

What insider transaction did Baldwin Insurance Group (BWIN) report for Muthukrishnan Sathish?

Baldwin Insurance Group reported that director Muthukrishnan Sathish received a grant of 1,221 shares of Class A Common Stock. This was an equity award at $0.00 per share, reflecting compensation rather than an open-market purchase of shares.

How many Baldwin Insurance Group (BWIN) shares does Sathish hold after this Form 4 transaction?

After the reported grant, director Muthukrishnan Sathish directly holds 9,047 shares of Baldwin Insurance Group Class A Common Stock. This total includes the newly awarded 1,221 shares, as shown in the post-transaction holdings on the Form 4 filing.

Was the Baldwin Insurance Group (BWIN) share transaction a market purchase or a grant?

The transaction was a grant or award acquisition, not a market purchase. The Form 4 lists transaction code A and a price of $0.00 per share, indicating the shares were awarded as compensation rather than bought on the open market.

What security class was involved in the Baldwin Insurance Group (BWIN) Form 4 filing?

The Form 4 transaction involved Class A Common Stock of Baldwin Insurance Group, Inc. Director Muthukrishnan Sathish received 1,221 shares of this class, increasing his directly held position to 9,047 shares after the grant.

What does transaction code A mean in the Baldwin Insurance Group (BWIN) Form 4?

In this filing, transaction code A is described as a Grant, award, or other acquisition of stock. For Baldwin Insurance Group, it reflects an equity award of 1,221 Class A Common shares to director Muthukrishnan Sathish at no cash cost.