BWIN Insider Sale: General Counsel Sells 2,775 Shares at $34

Seth Bala Cohen, General Counsel of Baldwin Insurance Group, Inc. (BWIN), reported a sale of 2,775 shares of Class A common stock on 08/13/2025 at a reported price of $34 per share.

Rhea-AI Filing Summary

Seth Bala Cohen, General Counsel of Baldwin Insurance Group, Inc. (BWIN), reported a sale of 2,775 shares of Class A common stock on 08/13/2025 at a reported price of $34 per share. After the transaction he beneficially owned 10,465 shares, reported as direct ownership. The Form 4 was signed by Mr. Cohen on 08/15/2025. No derivative transactions were reported and the filing indicates this was a single reporting person filing.

Insights

Securities Analyst

TL;DR: Routine insider sale; transaction size appears modest given the single reporting line.

The Form 4 documents an open-market sale of 2,775 Class A shares at $34 each by the company's General Counsel, reducing his direct holdings to 10,465 shares. The filing contains no derivatives, no new grants, and no joint filings. This disclosure is a standard Section 16 insider transaction and provides transparent record of insider liquidity but does not on its face indicate company-level operational changes.

Corporate Governance Expert

TL;DR: Compliance appears complete; timely reporting and manual signature present.

The Form 4 includes the reporter's role (General Counsel), transaction date, price, and post-transaction beneficial ownership, and is signed. From a governance perspective the filing meets Section 16 disclosure basics. There is no information in the filing about the purpose of the sale, any trading plan, or related party context.

Insider Trade Summary

Net Seller: 2,775 shares

Net Sell 1 txn

Insider Cohen Seth Bala

Role General Counsel

Sold 2,775 shs ($94K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	2,775	$34.00	$94K

Holdings After Transaction: Class A Common Stock — 10,465 shares (Direct)

FAQ

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

What insider transaction did Seth Bala Cohen report for BWIN?

He reported a sale of 2,775 Class A common shares on 08/13/2025 at a reported price of $34 per share.

How many BWIN shares does the reporting person own after the transaction?

The Form 4 shows beneficial ownership of 10,465 Class A shares following the reported sale.

What is Seth Cohen's role at Baldwin Insurance Group (BWIN)?

The filing identifies him as an Officer with the title General Counsel and as a Director where indicated.

When was the Form 4 signed and filed?

The signature block shows the form was signed by /s/ Seth Cohen on 08/15/2025.

Were any derivative securities reported on this Form 4?

No. Table II lists no derivative securities; only a non-derivative sale of Class A common stock is reported.

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

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Accepted by SEC EDGAR 08/15/2025 - 04:12 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^*

Cohen Seth Bala

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		S		2,775	D	$34	10,465	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	08/15/2025
	** 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.