[Form 4] The Baldwin Insurance Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 Snapshot (BWIN)

On 07/01/2025, Baldwin Insurance Group, Inc. (ticker BWIN) filed a Form 4 disclosing that director Ellyn Shook acquired 645 shares of the company’s Class A common stock. The transaction was coded “A,” indicating a grant, award or other acquisition, and was executed at a stated price of $0.00 per share. Following the award, Shook’s direct beneficial ownership increased to 10,102 shares. No dispositions or derivative security transactions were reported.

Positive

• Director acquired 645 additional shares at a stated price of $0, increasing direct holdings to 10,102 and modestly reinforcing insider ownership alignment.

Negative

• None.

Insights

Securities Analyst

TL;DR – Small zero-cost stock award; limited market impact.

This filing reveals a routine equity grant of 645 shares to director Ellyn Shook, boosting her direct stake to 10,102 shares. Given the modest size, lack of cash consideration, and absence of accompanying derivative activity, the transaction is best viewed as standard board compensation rather than a signal of changing fundamentals. While incremental insider ownership can marginally align director and shareholder interests, the volume is unlikely to influence float or trading dynamics. Overall impact on valuation or governance posture appears neutral.

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
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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^*

Shook Ellyn

(Last) (First) (Middle)

C/O THE BALDWIN INSURANCE GROUP, INC.

4211 W. BOY SCOUT BLVD., SUITE 800

(Street)

TAMPA FL 33607

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	07/01/2025		A		645	A	$0	10,102	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 Ellyn Shook	07/02/2025
	** 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.

FAQ

What did Baldwin Insurance Group (BWIN) report in its latest Form 4?

Director Ellyn Shook acquired 645 Class A shares on 07/01/2025 at $0, raising her direct stake to 10,102 shares.

How many shares does Ellyn Shook now own in BWIN?

After the reported transaction, she directly owns 10,102 Class A common shares.

Was the transaction a purchase or an award?

The Form 4 lists transaction code "A", indicating a grant or award rather than an open-market purchase.

Were any derivative securities involved in this Form 4 filing for BWIN?

No. The filing shows no derivative securities acquired or disposed of.

Did the director pay anything for the shares?

No. The stated price per share was $0.00, consistent with an equity award.