Form 4: BIGH LLC Distributes BWIN Shares to Member

BIGH, LLC, a 10% owner of Baldwin Insurance Group, Inc., distributed 35,000 shares of Class B Common Stock and corresponding LLC Units to one of its members.

Summary

• BIGH, LLC, a 10% owner and member of a 10% owner group of Baldwin Insurance Group, Inc. (BWIN), reported a transaction on March 2, 2026.
• The reporting person disposed of 35,000 shares of Class B Common Stock at a price of $0 per share.
• Concurrently, 35,000 LLC Units in The Baldwin Insurance Group Holdings, LLC were also disposed of at a price of $0.
• These securities were distributed to a member of BIGH, LLC in exchange for a corresponding reduction in that member's ownership of BIGH, LLC.
• Following the reported transaction, BIGH, LLC beneficially owns 12,537,590 shares of Class B Common Stock and 12,537,590 LLC Units.
• 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 and the LLC Units do not expire.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports an internal restructuring of ownership within a 10% owner group and does not provide information on the company's operational or financial performance.

Future Outlook

This filing, a Form 4, reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that this Form 4 filing details an internal ownership restructuring within a significant shareholder group, BIGH, LLC, rather than a market-driven transaction. Such distributions are common for private equity or investment vehicles managing their stakes and typically do not reflect broader industry trends or competitive positioning for Baldwin Insurance Group, Inc.

Related Party Transactions

• BIGH, LLC, a 10% owner of Baldwin Insurance Group, Inc., distributed 35,000 shares of Class B Common Stock and 35,000 LLC Units to one of its members. This transaction resulted in a corresponding reduction in the member's ownership of BIGH, LLC.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is an internal restructuring of ownership within a significant shareholder group, not a market sale or purchase affecting the public float or share price directly.
• BIGH, LLC Members: The transaction alters the ownership structure within BIGH, LLC, with a member receiving direct ownership of BWIN securities in exchange for a reduced stake in BIGH, LLC.

Key Dates

Keywords

BWIN, Baldwin Insurance Group, BIGH LLC, Form 4, insider transaction, beneficial ownership, Class B Common Stock, LLC Units, equity distribution