TWFG, Inc. (NASDAQ: TWFG) CEO reports 17,733-share RSU tax withholding

Rhea-AI Filing Summary

TWFG, Inc. President and CEO Richard F. Bunch III reported that, on July 17, 2026, 17,733 Class A shares were withheld at $26.35 per share to satisfy tax withholding obligations related to vested RSUs. After this, he held 313,596 shares directly, plus separate indirect holdings through his wife, an LLC and two sons.

Insider Trade Summary

Net Seller: 17,733 shares

Net Sell 5 txns

Insider Bunch Richard F. III, Bunch Family Holdings, LLC

Role President and CEO | 10% Owner

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1	17,733	$26.35	$467K
holding	Class A Common Stock F2	--	--	--
holding	Class A Common Stock F2	--	--	--
holding	Class A Common Stock F2	--	--	--
holding	Class A Common Stock F2	--	--	--

Holdings After Transaction: Class A Common Stock — 313,596 shares (Direct); Class A Common Stock — 15,967 shares (Indirect, By wife); Class A Common Stock — 342,362 shares (Indirect, By LLC); Class A Common Stock — 5,850 shares (Indirect, By first son); Class A Common Stock — 5,850 shares (Indirect, By second son)

Footnotes (2)

1. F1. 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").
2. F2. The holdings lines reflect the individual holdings of the distinct indirect forms of deemed pecuniary interest instead of reporting them in an aggregated form.

Key Figures

Shares withheld for taxes: 17,733 shares Withholding price: $26.35 per share Direct holdings after transaction: 313,596 shares +4 more

7 metrics

Shares withheld for taxes 17,733 shares Class A Common Stock withheld on 2026-07-17 to satisfy RSU tax obligations

Withholding price $26.35 per share Per-share value used for the 17,733 withheld Class A shares

Direct holdings after transaction 313,596 shares Class A shares held directly by Richard F. Bunch III following the July 17, 2026 event

Indirect holdings by wife 15,967 shares Class A shares reported as indirectly owned "By wife" after the transaction

Indirect holdings by LLC 342,362 shares Class A shares reported as indirectly owned "By LLC" after the transaction

Indirect holdings by first son 5,850 shares Class A shares reported as indirectly owned "By first son" after the transaction

Indirect holdings by second son 5,850 shares Class A shares reported as indirectly owned "By second son" after the transaction

Key Terms

restricted stock units ("RSU"), tax withholding obligations, indirect forms of deemed pecuniary interest

3 terms

restricted stock units ("RSU") financial

"satisfy tax withholding obligations in connection with the release of restricted stock units ("RSU")"

tax withholding obligations financial

"shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations"

indirect forms of deemed pecuniary interest financial

"reflect the individual holdings of the distinct indirect forms of deemed pecuniary interest"

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Available on EDGAR 07/21/2026 - 06:13 PM Accepted by SEC EDGAR 07/21/2026 - 06:13 PM Learn about SEC filing dates

FAQ

What insider transaction did TWFG (TWFG) disclose for July 17, 2026?

TWFG reported that President and CEO Richard F. Bunch III had 17,733 Class A shares withheld at $26.35 per share to cover tax withholding obligations arising from the release of restricted stock units, a tax-related disposition rather than an open-market sale.

How many TWFG (TWFG) shares were withheld for the CEO’s RSU tax obligations?

A total of 17,733 Class A common shares were withheld at the election of Richard F. Bunch III to satisfy tax withholding obligations in connection with the release of restricted stock units, according to the disclosure’s transaction detail and related footnote.

At what price were the withheld TWFG (TWFG) shares valued?

The withheld shares were valued at $26.35 per share. This per‑share amount is tied to the 17,733 Class A shares withheld to satisfy RSU-related tax obligations, as shown in the non‑derivative transaction line for July 17, 2026.

How many TWFG (TWFG) shares does Richard F. Bunch III hold directly after the transaction?

After the tax‑withholding transaction, Richard F. Bunch III directly held 313,596 Class A shares. This post‑transaction amount reflects his remaining direct ownership position, separate from any indirect interests reported through family members or related entities.

What indirect TWFG (TWFG) holdings related to Richard F. Bunch III are reported?

Indirect interests are reported as 15,967 shares held by his wife, 342,362 shares held by an LLC, and 5,850 shares held by each of two sons. Footnote language explains these as distinct indirect forms of deemed pecuniary interest, shown separately rather than aggregated.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bunch Richard F. III

(Last) (First) (Middle)

C/O TWFG, INC.

10055 GROGANS MILL RD, STE 500

(Street)

THE WOODLANDS TEXAS 77380

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TWFG, Inc. [ TWFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/17/2026		F		17,733(1)	D	$26.35	313,596	D
Class A Common Stock								15,967(2)	I	By wife
Class A Common Stock								342,362(2)	I	By LLC
Class A Common Stock								5,850(2)	I	By first son
Class A Common Stock								5,850(2)	I	By second son

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

1. Name and Address of Reporting Person^*

Bunch Richard F. III

(Last) (First) (Middle)

C/O TWFG, INC.

10055 GROGANS MILL RD, STE 500

(Street)

THE WOODLANDS TEXAS 77380

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

1. Name and Address of Reporting Person^*

Bunch Family Holdings, LLC

(Last) (First) (Middle)

C/O TWFG ,INC.

10055 GROGANS MILL RD, SUITE 500

(Street)

THE WOODLANDS TEXAS 77380

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

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").

2. The holdings lines reflect the individual holdings of the distinct indirect forms of deemed pecuniary interest instead of reporting them in an aggregated form.

Remarks:

	/s/ Julie E. Benes, as Attorney-in-Fact for Richard F. Bunch III	07/21/2026
	/s/ Julie E. Benes, as Attorney-in-Fact for Bunch Family Holdings, LLC	07/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)