TWFG INC SEC Filings

TWFG, Inc. (TWFG) – Form 4 filing (07/21/2025)

General Counsel & Secretary Julie E. Benes reported a Rule 16(a) transaction dated 07/17/2025. Code F indicates the company withheld 6,187 Class A shares to cover the executive’s tax liability upon vesting of previously granted RSUs. The shares were valued at $33.16 each, implying a tax-settlement value of roughly $205k. No open-market sale occurred, and the insider did not receive cash proceeds.

After the withholding, Benes’ direct ownership stands at 38,962 Class A shares. There were no derivative security transactions disclosed.

Because the shares were surrendered for taxes rather than sold for investment purposes, and the residual holding remains sizeable, the filing is typically viewed as neutral from a market-signal perspective.

TWFG, Inc. (TWFG) – Form 4 filing. CFO Janice E. Zwinggi reported a 17-Jul-2025 transaction filed on 21-Jul-2025. Transaction code F shows 7,338 Class A common shares were withheld by the company at $33.16 to satisfy tax obligations triggered by the vesting of restricted stock units. This is a non-discretionary, cashless settlement; no open-market buying or selling occurred. Following the withholding, Zwinggi’s direct ownership stands at 53,363 shares. No derivative securities were involved and there are no other changes in beneficial ownership disclosed. Given the administrative nature of the event, the filing is unlikely to carry material market impact.

On 21 Jul 2025, Ennis, Inc. (ticker EBF) filed a Form 3—Initial Statement of Beneficial Ownership—on behalf of Michael D. Magill. The disclosure establishes Magill’s baseline holdings upon becoming a Director effective 17 Jul 2025. He directly owns 12,833 shares of EBF common stock and reports no derivative securities. The form was filed individually and signed by attorney-in-fact Keith S. Walters.

Form 3 filings are routine compliance documents under Section 16(a) and, in isolation, rarely influence valuation. The modest share count implies limited economic weight relative to Ennis’s total outstanding shares, but the ownership does create alignment between the new board member and common shareholders.

Nasdaq Stock Market LLC has filed Form 25 to remove Hall of Fame Resort & Entertainment Co. (symbol HOFVW – common stock and warrants) from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. The exchange relies on Rule 12d2-2(b), indicating Nasdaq—not the issuer—initiated the action after completing its own procedures. The notification was signed by Hearings Advisor Aravind Menon on 21 Jul 2025. Unless withdrawn, the securities are expected to be delisted 10 days after filing and registration will be terminated 90 days thereafter, shifting trading to over-the-counter venues if a market develops.

TWFG, Inc. (TWFG) Form 4 – Insider tax-related share withholding

President, CEO, director and 10% owner Richard F. Bunch III reported an automatic transaction (Code F) on 17 Jul 2025 connected with the release of restricted stock units. To satisfy associated tax obligations, 17,749 Class A common shares were withheld at $33.16, an implied value of roughly $0.59 million. No open-market sale or cash proceeds were involved.

Following the withholding, Bunch’s direct ownership stands at 305,962 Class A shares. He also reports indirect beneficial interests of 11,967 shares held by his spouse, 342,362 shares held through Bunch Family Holdings LLC, and 5,850 shares each held for two sons, bringing total reported beneficial ownership to 671,991 shares. No derivative securities were acquired or disposed of, and no other insiders are listed on this filing.

The filing suggests routine equity settlement rather than a discretionary sale, while confirming that the CEO continues to hold a substantial stake exceeding 10% of outstanding shares.