Form 4: BIGH, LLC Distributes Shares to L. Lowry Baldwin Revocable Trust

BIGH, LLC reports the distribution of 125,000 Class B Common Stock and LLC Units to the L. Lowry Baldwin Revocable Trust on May 21, 2024.

Summary

• On May 21, 2024, BIGH, LLC distributed 125,000 shares of Class B Common Stock and 125,000 LLC Units to the L. Lowry Baldwin Revocable Trust.
• The distribution was made in exchange for a corresponding reduction in the Baldwin Revocable Trust's ownership of BIGH, LLC.
• L. Lowry Baldwin, the sole manager of the managing member of BIGH, LLC, is the sole trustee of the Baldwin Revocable Trust and is deemed to have beneficial ownership of the securities.
• Following the transaction, BIGH, LLC beneficially owns 13,149,090 shares of Class B Common Stock and 13,149,090 LLC Units.
• Each LLC Unit, together with a share of Class B common stock, may be exchanged for one share of Class A common stock at any time.

Sentiment

Score: 5

Explanation: The document describes a routine transaction with no clear positive or negative implications for the company's financial health or future prospects.

Industry Context

This Form 4 filing reflects changes in beneficial ownership related to internal transactions within Baldwin Insurance Group's ownership structure. It's a routine disclosure and doesn't necessarily indicate a shift in the company's overall strategy or performance.

Related Party Transactions

• The distribution of shares and LLC Units from BIGH, LLC to the L. Lowry Baldwin Revocable 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 external stakeholders, as it primarily involves internal restructuring within the ownership structure.

Key Dates