Sec Form 4 Filing - Sherman Laura @ BRP Group, Inc. - 2021-12-07

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Sherman Laura
2. Issuer Name and Ticker or Trading Symbol
BRP Group, Inc. [ BRP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Member of 10% owner group
(Last) (First) (Middle)
C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800
3. Date of Earliest Transaction (MM/DD/YY)
12/07/2021
(Street)
TAMPA, FL33607
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class B Common Stock 12/07/2021 J( 1 ) 73,170 A $ 37.94( 1 ) 2,407,297 D
Class B Common Stock 206,748( 2 )( 3 ) I By Trusts( 4 )
Class B Common Stock 12/07/2021 J( 1 ) 73,170 D $ 37.94( 1 ) 133,578( 3 ) I By Trusts( 4 )
Class B Common Stock 2,407,297 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
LLC Units in Baldwin Risk Partners, LLC $ 0 12/07/2021 J( 1 ) 73,170 ( 5 ) ( 5 ) Class A Common Stock 73,170 $ 37.94( 1 ) 2,407,297 D
LLC Units in Baldwin Risk Partners, LLC $ 0 ( 5 ) ( 5 ) Class A Common Stock 206,748 206,748( 2 )( 3 ) I By Trusts( 4 )
LLC Units in Baldwin Risk Partners, LLC $ 0 12/07/2021 J( 1 ) 73,170 ( 5 ) ( 5 ) Class A Common Stock 73,170 $ 37.94( 1 ) 133,578( 3 ) I By Trusts( 4 )
LLC Units in Baldwin Risk Partners, LLC $ 0 ( 5 ) ( 5 ) Class A Common Stock 2,407,297 2,407,297 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sherman Laura
C/O BRP GROUP, INC.
4211 W. BOY SCOUT BLVD., SUITE 800
TAMPA, FL33607
Member of 10% owner group
Signatures
/s/ Bradford Hale as Attorney-in Fact, for Laura R. Sherman 12/09/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On December 7, 2021, the reporting person withdrew 73,170 shares of BRP Class B Common Stock from an irrevocable trust established for the benefit of her beneficiaries. In exchange for the shares, the reporting person deposited shares of publicly traded stock that is not Issuer stock. The withdrawal of shares from the trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the reporting person beneficially owns directly.
( 2 )Reflects shares beneficially owned by Trusts prior to taking into account the dispositions by Trusts reported herein.
( 3 )The reporting person disclaims beneficial ownership in these securities except to the extent of her pecuniary interest therein.
( 4 )Shares held by the Laura R. Sherman GRAT 2019-2 Dated September 30, 2019, Laura R. Sherman GRAT 2020-1 Dated September 30, 2020, and BNY Mellon, National Association, as Trustee of the Laura R. Sherman Irrevocable Trust of 2019-1.
( 5 )Each LLC Unit, together with one share of Class B Common Stock, may be converted by the holder into one share of Class A Common Stock at any time. The LLC Units do not expire.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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