Form 4: BIGH, LLC Distributes Baldwin Insurance Group Shares to Members and Trusts

BIGH, LLC, a 10% owner of Baldwin Insurance Group, distributed shares of Class B Common Stock and corresponding LLC Units to its members and trusts managed by L. Lowry Baldwin.

Summary

• On May 12, 2025, BIGH, LLC distributed 30,000 shares of Class B Common Stock and corresponding LLC Units to a member in exchange for a reduction in their ownership of BIGH, LLC.
• BIGH, LLC also distributed 62,500 shares of Class B Common Stock and corresponding LLC Units to the L. Lowry Baldwin Revocable Family Trust.
• An additional 62,500 shares of Class B Common Stock and corresponding LLC Units were distributed to The Pop Pop Trust.
• L. Lowry Baldwin is the sole manager of the manager of BIGH, LLC and the sole trustee of both the Baldwin Revocable Trust and The Pop Pop Trust.
• Each LLC Unit, together with a share of Class B common stock, can be exchanged for one share of Class A common stock at any time.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market.

Related Party Transactions

• The distributions to the L. Lowry Baldwin Revocable Family Trust and The Pop Pop Trust, where L. Lowry Baldwin is the sole trustee, constitute related party transactions.

Stakeholder Impact

• The distribution of shares may have a minor impact on the overall shareholder structure, but the effect is likely minimal given the size of the transactions relative to the total outstanding shares.

Key Dates

Keywords

BIGH, LLC, Baldwin Insurance Group, Class B Common Stock, LLC Units, Distribution, L. Lowry Baldwin, Beneficial Ownership, Form 4