STOCK TITAN

[Form 4] TWFG, Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

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.

TWFG, Inc. (TWFG) – Comunicazione Form 4. Il CFO Janice E. Zwinggi ha riportato una transazione del 17-lug-2025, presentata il 21-lug-2025. Il codice transazione F indica che 7.338 azioni ordinarie di Classe A sono state trattenute dalla società a $33,16 per adempiere agli obblighi fiscali derivanti dal consolidamento di unità azionarie vincolate. Si tratta di un regolamento non discrezionale e senza scambio di denaro; non si sono verificati acquisti o vendite sul mercato aperto. Dopo la trattenuta, la proprietà diretta di Zwinggi è di 53.363 azioni. Non sono stati coinvolti strumenti derivati e non sono state dichiarate altre variazioni nella proprietà effettiva. Data la natura amministrativa dell’evento, la comunicazione probabilmente non avrà un impatto significativo sul mercato.

TWFG, Inc. (TWFG) – Presentación del Formulario 4. La directora financiera Janice E. Zwinggi reportó una transacción del 17 de julio de 2025, presentada el 21 de julio de 2025. El código de transacción F indica que la empresa retuvo 7,338 acciones ordinarias Clase A a $33.16 para cubrir obligaciones fiscales derivadas del otorgamiento de unidades restringidas de acciones. Se trata de una liquidación no discrecional y sin intercambio de efectivo; no hubo compras ni ventas en el mercado abierto. Tras la retención, la propiedad directa de Zwinggi es de 53,363 acciones. No se involucraron valores derivados y no se reportaron otros cambios en la propiedad beneficiaria. Dada la naturaleza administrativa del evento, es poco probable que esta presentación tenga un impacto material en el mercado.

TWFG, Inc. (TWFG) – Form 4 제출. 최고재무책임자(CFO) Janice E. Zwinggi가 2025년 7월 17일 거래를 2025년 7월 21일에 신고했습니다. 거래 코드 F는 제한 주식 단위의 취득에 따른 세금 의무를 충족하기 위해 회사가 7,338주 클래스 A 보통주를 주당 $33.16에 원천징수했음을 나타냅니다. 이는 재량권이 없는 현금 없는 정산으로, 공개 시장에서의 매매는 없었습니다. 원천징수 후 Zwinggi의 직접 소유 주식 수는 53,363주입니다. 파생 증권은 포함되지 않았으며, 기타 실질 소유권 변동 사항도 없습니다. 행정적인 성격의 사건이므로 이번 제출이 시장에 미치는 영향은 크지 않을 것으로 보입니다.

TWFG, Inc. (TWFG) – Déclaration Formulaire 4. La directrice financière Janice E. Zwinggi a déclaré une transaction datée du 17 juillet 2025, déposée le 21 juillet 2025. Le code de transaction F indique que 7 338 actions ordinaires de classe A ont été retenues par la société au prix de 33,16 $ pour satisfaire aux obligations fiscales liées à l’acquisition d’unités d’actions restreintes. Il s’agit d’un règlement non discrétionnaire, sans échange d’argent ; aucune opération d’achat ou de vente sur le marché ouvert n’a eu lieu. Après cette retenue, la détention directe de Zwinggi s’élève à 53 363 actions. Aucun titre dérivé n’a été impliqué et aucun autre changement dans la propriété bénéficiaire n’a été signalé. Étant donné la nature administrative de cet événement, cette déclaration est peu susceptible d’avoir un impact significatif sur le marché.

TWFG, Inc. (TWFG) – Form 4 Meldung. CFO Janice E. Zwinggi meldete eine Transaktion vom 17. Juli 2025, eingereicht am 21. Juli 2025. Der Transaktionscode F zeigt, dass 7.338 Class A Stammaktien vom Unternehmen zum Preis von 33,16 $ einbehalten wurden, um steuerliche Verpflichtungen im Zusammenhang mit der Ausübung von eingeschränkten Aktienanteilen zu erfüllen. Dies ist eine nicht diskretionäre, bargeldlose Abwicklung; es fanden keine Käufe oder Verkäufe am offenen Markt statt. Nach dem Einbehalt beträgt Zwinggis direkte Beteiligung 53.363 Aktien. Es waren keine Derivate beteiligt und es wurden keine weiteren Änderungen der wirtschaftlichen Eigentümerschaft gemeldet. Aufgrund des administrativen Charakters des Vorgangs wird die Meldung voraussichtlich keine wesentlichen Marktauswirkungen haben.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine tax-withholding; CFO keeps 53k shares, no market signal.

The Code F transaction simply reflects share withholding to cover taxes upon RSU vesting. Though the gross value is roughly $243k, it was not an elective sale, so it provides little insight into insider sentiment or future fundamentals. Zwinggi still owns a substantial stake (≈53k shares), maintaining alignment with shareholders. The absence of derivative activity or additional sales suggests neutral impact. Investors typically view such filings as administrative rather than directional.

TWFG, Inc. (TWFG) – Comunicazione Form 4. Il CFO Janice E. Zwinggi ha riportato una transazione del 17-lug-2025, presentata il 21-lug-2025. Il codice transazione F indica che 7.338 azioni ordinarie di Classe A sono state trattenute dalla società a $33,16 per adempiere agli obblighi fiscali derivanti dal consolidamento di unità azionarie vincolate. Si tratta di un regolamento non discrezionale e senza scambio di denaro; non si sono verificati acquisti o vendite sul mercato aperto. Dopo la trattenuta, la proprietà diretta di Zwinggi è di 53.363 azioni. Non sono stati coinvolti strumenti derivati e non sono state dichiarate altre variazioni nella proprietà effettiva. Data la natura amministrativa dell’evento, la comunicazione probabilmente non avrà un impatto significativo sul mercato.

TWFG, Inc. (TWFG) – Presentación del Formulario 4. La directora financiera Janice E. Zwinggi reportó una transacción del 17 de julio de 2025, presentada el 21 de julio de 2025. El código de transacción F indica que la empresa retuvo 7,338 acciones ordinarias Clase A a $33.16 para cubrir obligaciones fiscales derivadas del otorgamiento de unidades restringidas de acciones. Se trata de una liquidación no discrecional y sin intercambio de efectivo; no hubo compras ni ventas en el mercado abierto. Tras la retención, la propiedad directa de Zwinggi es de 53,363 acciones. No se involucraron valores derivados y no se reportaron otros cambios en la propiedad beneficiaria. Dada la naturaleza administrativa del evento, es poco probable que esta presentación tenga un impacto material en el mercado.

TWFG, Inc. (TWFG) – Form 4 제출. 최고재무책임자(CFO) Janice E. Zwinggi가 2025년 7월 17일 거래를 2025년 7월 21일에 신고했습니다. 거래 코드 F는 제한 주식 단위의 취득에 따른 세금 의무를 충족하기 위해 회사가 7,338주 클래스 A 보통주를 주당 $33.16에 원천징수했음을 나타냅니다. 이는 재량권이 없는 현금 없는 정산으로, 공개 시장에서의 매매는 없었습니다. 원천징수 후 Zwinggi의 직접 소유 주식 수는 53,363주입니다. 파생 증권은 포함되지 않았으며, 기타 실질 소유권 변동 사항도 없습니다. 행정적인 성격의 사건이므로 이번 제출이 시장에 미치는 영향은 크지 않을 것으로 보입니다.

TWFG, Inc. (TWFG) – Déclaration Formulaire 4. La directrice financière Janice E. Zwinggi a déclaré une transaction datée du 17 juillet 2025, déposée le 21 juillet 2025. Le code de transaction F indique que 7 338 actions ordinaires de classe A ont été retenues par la société au prix de 33,16 $ pour satisfaire aux obligations fiscales liées à l’acquisition d’unités d’actions restreintes. Il s’agit d’un règlement non discrétionnaire, sans échange d’argent ; aucune opération d’achat ou de vente sur le marché ouvert n’a eu lieu. Après cette retenue, la détention directe de Zwinggi s’élève à 53 363 actions. Aucun titre dérivé n’a été impliqué et aucun autre changement dans la propriété bénéficiaire n’a été signalé. Étant donné la nature administrative de cet événement, cette déclaration est peu susceptible d’avoir un impact significatif sur le marché.

TWFG, Inc. (TWFG) – Form 4 Meldung. CFO Janice E. Zwinggi meldete eine Transaktion vom 17. Juli 2025, eingereicht am 21. Juli 2025. Der Transaktionscode F zeigt, dass 7.338 Class A Stammaktien vom Unternehmen zum Preis von 33,16 $ einbehalten wurden, um steuerliche Verpflichtungen im Zusammenhang mit der Ausübung von eingeschränkten Aktienanteilen zu erfüllen. Dies ist eine nicht diskretionäre, bargeldlose Abwicklung; es fanden keine Käufe oder Verkäufe am offenen Markt statt. Nach dem Einbehalt beträgt Zwinggis direkte Beteiligung 53.363 Aktien. Es waren keine Derivate beteiligt und es wurden keine weiteren Änderungen der wirtschaftlichen Eigentümerschaft gemeldet. Aufgrund des administrativen Charakters des Vorgangs wird die Meldung voraussichtlich keine wesentlichen Marktauswirkungen haben.

SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Zwinggi Janice E.

(Last) (First) (Middle)
C/O TWFG, INC.
10055 GROGANS MILL RD, STE 500

(Street)
THE WOODLANDS TX 77380

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TWFG, Inc. [ TWFG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 A Common Stock 07/17/2025 F 7,338(1) D $33.16 53,363 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of restricted stock units ("RSU").
Remarks:
/s/ Julie E. Benes, as Attorney-In-Fact for Janice E. Zwinggi 07/21/2025
** Signature of Reporting Person Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did TWFG CFO Janice Zwinggi report on the latest Form 4?

She reported a Code F withholding of 7,338 shares to cover taxes from RSU vesting on 17-Jul-2025.

How many TWFG shares were withheld and at what price?

The filing lists 7,338 shares withheld at $33.16 per share.

How many TWFG shares does the CFO own after the transaction?

Janice Zwinggi now directly owns 53,363 Class A common shares.

Does the Form 4 indicate any open-market sale by the CFO?

No. Code F denotes shares withheld by the issuer for tax; there was no open-market sale.

What does transaction code F mean on a Form 4?

Code F signifies shares withheld to satisfy tax obligations related to equity awards.
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TWFG Stock Data

491.09M
13.00M
6.5%
87.38%
1.19%
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THE WOODLANDS