Transaction Details

Footnotes

These shares of Class A Common Stock represent shares such Reporting Person was entitled to receive as a former member of Cobbs Allen Capital Holdings, LLC ("CAC") pursuant to the terms of that certain Transaction Agreement, dated December 2, 2025 by and among Baldwin Insurance Group, Inc. (the "Company"), CAC and the other parties named therein. The issuance of the shares was approved by the Board of Directors of the Company pursuant to Rule 16b-3(d)(1). | These shares are directly held by Paul Sparks Trust, for which such Reporting Person acts as trustee. | These shares are directly held by The Paul Sparks Inheritor's Trust, for which such Reporting Person acts as trustee. | These shares are directly held by such Reporting Person's individual retirement account, for which the Reporting Person remains the beneficial owner.