[Form 4] TWFG, Inc. Insider Trading Activity

TWFG, Inc. Chief Financial Officer Janice E. Zwinggi received 12,500 shares of Class A Common Stock in the form of restricted stock units (RSUs).

Rhea-AI Filing Summary

TWFG, Inc. Chief Financial Officer Janice E. Zwinggi received 12,500 shares of Class A Common Stock in the form of restricted stock units (RSUs). These RSUs were granted under the 2024 Omnibus Incentive Plan and vest in three equal annual installments on March 31, 2027, March 31, 2028, and March 31, 2029, subject to her continued service with the company through each vesting date.

On the same date, 839 shares were withheld at her election to satisfy tax withholding obligations tied to the RSU release, rather than being sold in the open market. After these transactions, she directly holds 65,024 shares of Class A Common Stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zwinggi Janice E.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	12,500	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	839	$18.39	$15K

Holdings After Transaction: Class A Common Stock — 65,024 shares (Direct)

Footnotes (2)

1. F1. Represents restricted stock units ("RSUs") granted under the 2024 Omnibus Incentive Plan. The RSUs vest in three equal annual installments on March 31, 2027, March 31, 2028, and March 31, 2029, subject to her continued service with the issuer through each vesting date.
2. F2. The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of RSUs.

Key Figures

RSU grant: 12,500 shares Vesting schedule: 3 equal annual installments Tax withholding shares: 839 shares +3 more

6 metrics

RSU grant 12,500 shares Restricted stock units under 2024 Omnibus Incentive Plan

Vesting schedule 3 equal annual installments On March 31, 2027, 2028, and 2029

Tax withholding shares 839 shares Withheld to satisfy tax obligations on RSU release

Withholding reference price $18.39 per share Price per share for shares withheld for taxes

Shares held after grant 65,024 shares Direct Class A Common Stock holding after transactions

Grant date March 31, 2026 Date of RSU grant and tax withholding transactions

Key Terms

restricted stock units ("RSUs"), 2024 Omnibus Incentive Plan, tax withholding obligations, Class A Common Stock

4 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") granted under the 2024 Omnibus Incentive Plan."

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.

2024 Omnibus Incentive Plan financial

"Represents restricted stock units ("RSUs") granted under the 2024 Omnibus Incentive Plan."

tax withholding obligations financial

"The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of RSUs."

Class A Common Stock financial

"The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of RSUs."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

What did TWFG (TWFG) CFO Janice Zwinggi receive in this Form 4 filing?

TWFG CFO Janice Zwinggi received 12,500 shares of Class A Common Stock as restricted stock units under the 2024 Omnibus Incentive Plan. These RSUs are compensation, not open‑market purchases, and are scheduled to vest over three years if she remains with the company.

How do Janice Zwinggi’s new RSUs at TWFG vest over time?

The 12,500 RSUs granted to Janice Zwinggi vest in three equal annual installments on March 31, 2027, March 31, 2028, and March 31, 2029. Vesting is contingent on her continued service with TWFG through each respective vesting date, aligning compensation with long-term employment.

Why were 839 TWFG shares disposed of in this insider transaction?

The 839 shares of TWFG Class A Common Stock were withheld at Janice Zwinggi’s election to satisfy tax withholding obligations related to the RSU release. This F-code disposition is a tax payment mechanism, not an open‑market sale, and does not represent a discretionary stock sale.

How many TWFG shares does CFO Janice Zwinggi hold after these transactions?

After the RSU grant and related tax withholding, Janice Zwinggi directly holds 65,024 shares of TWFG Class A Common Stock. This figure reflects her updated direct ownership position as reported in the Form 4 following the March 31, 2026 transactions.

What plan governs the RSU grant reported for TWFG CFO Janice Zwinggi?

The RSU grant to TWFG CFO Janice Zwinggi was made under the 2024 Omnibus Incentive Plan. This plan provides equity-based awards, such as restricted stock units, designed to compensate and retain key employees through multi‑year vesting tied to continued service with the company.

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Accepted by SEC EDGAR 04/02/2026 - 03:54 PM Learn about SEC filing dates

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^*

Zwinggi Janice E.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

X	Form filed by One Reporting Person
	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	03/31/2026		A		12,500(1)	A	$0	65,863	D
Class A Common Stock	03/31/2026		F		839(2)	D	$18.39	65,024	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. Represents restricted stock units ("RSUs") granted under the 2024 Omnibus Incentive Plan. The RSUs vest in three equal annual installments on March 31, 2027, March 31, 2028, and March 31, 2029, subject to her continued service with the issuer through each vesting date.

2. The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of RSUs.

Remarks:

	/s/ Julie E. Benes, as Attorney-In-Fact for Janice E. Zwinggi	04/02/2026
	** 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)