Form 4: BIGH, LLC Reduces Stake in Baldwin Insurance Group Through Distribution of Shares and LLC Units

BIGH, LLC, a 10% owner of Baldwin Insurance Group, distributed shares and LLC Units to a member and the L. Lowry Baldwin Revocable Family Trust, resulting in a decreased direct ownership.

Summary

• On March 3, 2025, BIGH, LLC distributed 50,000 Class B Common Stock shares and corresponding LLC Units to a member, reducing its direct ownership.
• BIGH, LLC also distributed 25,000 Class B Common Stock shares and corresponding LLC Units to a member, further decreasing its holdings.
• Additionally, 125,000 Class B Common Stock shares and corresponding LLC Units were distributed to the L. Lowry Baldwin Revocable Family Trust.
• Following these transactions, BIGH, LLC directly owns 12,777,590 Class B Common Stock shares and corresponding LLC Units.
• Each LLC Unit, paired with a Class B common stock share, can be exchanged for one Class A common stock share at any time.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in ownership, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing indicates changes in the ownership structure of Baldwin Insurance Group, which is common in the financial services industry as entities adjust their holdings.

Related Party Transactions

• The distribution of securities to the L. Lowry Baldwin Revocable Family Trust, of which L. Lowry Baldwin is the sole trustee, constitutes a related party transaction.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders, depending on the overall implications for the company's strategy and performance.

Key Dates