Form 4: BIGH, LLC Distributes 100,000 Shares of Baldwin Insurance Group Class B Common Stock to Baldwin Revocable Trust

BIGH, LLC, a 10% owner of Baldwin Insurance Group, distributed 100,000 shares of Class B common stock and corresponding LLC Units to the L. Lowry Baldwin Revocable Family Trust on August 12, 2024.

Summary

• On August 12, 2024, BIGH, LLC distributed 100,000 shares of Baldwin Insurance Group, Inc. Class B Common Stock to the L. Lowry Baldwin Revocable Family Trust.
• The distribution was made in exchange for a corresponding reduction in the Baldwin Revocable Trust's ownership of BIGH, LLC.
• The price per share for the transaction was $0.
• Following the transaction, BIGH, LLC continues to beneficially own 13,049,090 shares of Class B Common Stock.
• BIGH, LLC also distributed 100,000 LLC Units in The Baldwin Insurance Group Holdings, LLC to the Baldwin Revocable Trust.
• Each LLC Unit, together with a share of Class B common stock, may be exchanged by the holder into one share of Class A common stock at any time.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing indicating a transfer of shares. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This Form 4 filing indicates changes in beneficial ownership of Baldwin Insurance Group's securities, which is a routine part of corporate governance and regulatory compliance. It doesn't necessarily reflect a strategic shift but rather an internal transfer of assets.

Related Party Transactions

• The distribution of shares and LLC Units from BIGH, LLC to the L. Lowry Baldwin Revocable Family Trust constitutes a related party transaction, as L. Lowry Baldwin is associated with both entities.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it represents an internal transfer of assets.

Key Dates