TWFG director-linked LLC buys 33,283 Class A shares
Entities associated with TWFG, Inc. director Michael Doak bought a total of 33,283 shares of Class A Common Stock in open-market transactions at prices around $18.52–$18.79 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Entities associated with TWFG, Inc. director Michael Doak bought a total of 33,283 shares of Class A Common Stock in open-market transactions at prices around $18.52–$18.79 per share. After these purchases, they held 621,518 indirect shares, while Doak also held 10,117 shares directly, including 4,000 RSUs that vest after one year of service.
Insider Trade Summary
Net Buyer: 33,283 shares
Net Buy
3 txns
Insider
DOAK MICHAEL
Role
Director
Bought
33,283 shs ($621K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 17,538 | $18.52 | $325K |
| Purchase | Class A Common Stock | 15,745 | $18.79 | $296K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 621,518 shares (Indirect, See Footnote 2);
Class A Common Stock — 10,117 shares (Direct)
Footnotes (2)
- F1. Shares of Class A Common Stock reported herein include 4,000 restricted stock units ("RSUs") previously granted to the reporting person in his capacity as a director of the issuer. The RSUs vest in full on the first anniversary of their grant date, subject to his continued services as a director through the vesting date.
- F2. 619,196 shares of Class A Common Stock reported herein are held directly by Griffin Highline Capital LLC. Mr. Michael Doak is the Chief Executive Officer, Co-Chairman and Manager of Griffin Highline Capital LLC and has sole voting and dispositive power over the shares held by Griffin Highline Capital LLC. 2,322 Shares of Class A Common Stock reported herein are directly held by Dallas Specialty Insurance Company, which is controlled by Griffin Highline Capital LLC. Mr. Doak disclaims beneficial ownership of any units or shares owned by either Griffin Highline Capital LLC or Dallas Specialty Insurance Company, except to the extent of his pecuniary interests therein.
Key Figures
Open-market purchases: 33,283 shares
Purchase price 1: $18.52 per share
Purchase price 2: $18.79 per share
+5 more
8 metrics
Open-market purchases
33,283 shares
Net Class A Common Stock bought in open market
Purchase price 1
$18.52 per share
Open-market buy of 17,538 Class A shares
Purchase price 2
$18.79 per share
Open-market buy of 15,745 Class A shares
Indirect holdings after trades
621,518 shares
Class A Common Stock held indirectly following purchases
Direct holdings after trades
10,117 shares
Class A Common Stock held directly by Michael Doak
Restricted stock units
4,000 RSUs
RSUs vest in full one year after grant date
Griffin Highline-held shares
619,196 shares
Class A shares held by Griffin Highline Capital LLC
Dallas Specialty-held shares
2,322 shares
Class A shares held by Dallas Specialty Insurance Company
Key Terms
restricted stock units ("RSUs"), vest in full, sole voting and dispositive power, disclaims beneficial ownership, +1 more
5 terms
restricted stock units ("RSUs") financial
"Shares of Class A Common Stock reported herein include 4,000 restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest in full financial
"The RSUs vest in full on the first anniversary of their grant date"
sole voting and dispositive power financial
"has sole voting and dispositive power over the shares held by Griffin Highline Capital LLC"
disclaims beneficial ownership financial
"Mr. Doak disclaims beneficial ownership of any units or shares owned"
pecuniary interests financial
"except to the extent of his pecuniary interests therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TWFG (TWFG) report for Michael Doak?
TWFG reported that entities associated with director Michael Doak bought 33,283 Class A Common shares in open-market transactions. These trades occurred at prices near $18.52–$18.79 per share, increasing his indirect holdings while leaving his direct position and RSUs unchanged.
What restricted stock units (RSUs) does Michael Doak have from TWFG (TWFG)?
Michael Doak’s direct holdings include 4,000 TWFG restricted stock units. These RSUs were granted for his board service and vest in full on the first anniversary of the grant date, provided he continues serving as a director through that vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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