[Form 4] Tiptree Inc. Insider Trading Activity

Rhea-AI Filing Summary

Estate of Daniel L. Goodwin has filed Amendment No. 2 to Schedule 13G for Byline Bancorp, Inc. (NYSE: BY). The filing shows beneficial ownership of 13,613 common shares, equal to approximately 0.0% of the 46.14 million shares outstanding as of 12 June 2025. All voting and dispositive power over the shares is shared; the estate reports no sole voting or dispositive authority. The estate also disclaims beneficial ownership because the shares are held through an indirect holding-company structure. Since the stake is now well below the 5% reporting threshold, the amendment primarily serves to update ownership levels and certify that the securities are not held to influence control of the issuer.

Insights

Securities Analyst

TL;DR – Estate discloses only 0% stake; administrative update, minimal market impact.

This 13G/A signals that the Estate of Daniel L. Goodwin’s economic interest in Byline Bancorp has declined to 13,613 shares, effectively a rounding error against the 46 million-plus float. The estate retains shared voting/dispositive power, but the certification confirms no intent to influence control. Such a de-minimis holding neither pressures management nor offers a strategic signal for other investors. Trading liquidity and valuation should remain unaffected. The filing is thus routine compliance, not a catalyst.

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^*

Friedman Paul M

(Last) (First) (Middle)

C/O TIPTREE INC.

660 STEAMBOAT ROAD, FL. 2

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TIPTREE INC. [ TIPT ]

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)
07/03/2025

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
Common Stock	07/03/2025		A		1,595(1)	A	$0	118,543	I	By Living Trust(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 the stock component of the director's annual retainer fee, which is paid quarterly in arrears.

2. At the director's request, all director fees issued in shares are to be deposited into The Paul M. Friedman Living Trust dated 3/5/2019 (the "Living Trust"), of which the Reporting Person and his spouse are trustees.

Remarks:

	/s/ Neil C. Rifkind, as Attorney-in-fact for Paul M. Friedman	07/07/2025
	** 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

Who filed the Schedule 13G/A for BY?

The filing was made by the Estate of Daniel L. Goodwin.

How many Byline Bancorp (BY) shares does the estate own?

The estate reports beneficial ownership of 13,613 common shares.

What percentage of BY’s outstanding shares does this represent?

It represents approximately 0.0% of the class.

Does the estate have sole voting or dispositive power over the shares?

No. Sole power is 0; all 13,613 shares are held with shared voting and dispositive power.

Why was the amendment filed?

To update ownership levels below the 5% threshold and certify the securities are not held to influence control of Byline Bancorp.