TWFG insider entities report 4.2M-share gift transfers

TWFG, Inc. reporting persons, including entities associated with President and CEO Richard F. Bunch III, reported a series of bona fide gifts of LLC units in TWFG Holding and corresponding shares of Class C Common Stock on June 5, 2026.

Rhea-AI Filing Summary

TWFG, Inc. reporting persons, including entities associated with President and CEO Richard F. Bunch III, reported a series of bona fide gifts of LLC units in TWFG Holding and corresponding shares of Class C Common Stock on June 5, 2026.

The filing shows 14 gift transactions totaling 4,236,544 units and related Class C shares, involving transfers among Bunch Family Holdings LLC, Mr. and Ms. Bunch, and two spousal lifetime trusts. Bunch Family Holdings LLC continued to hold 33,364,242 LLC units after these transfers.

Insights

Insider transactions analyst

Multiple related-party gifts indicate estate planning rather than market activity.

The Form 4 shows 14 bona fide gift transactions in LLC Units in TWFG Holding and corresponding Class C Common Stock, totaling 4,236,544 units/shares. These moves occur between Bunch Family Holdings LLC, Mr. and Ms. Bunch, and two spousal lifetime trusts.

Code G transactions are gifts, not open-market sales, so they typically carry little signal about management’s view of the stock. Bunch Family Holdings LLC still holds 33,364,242 LLC units after the transfers, suggesting the overall economic stake remains substantial despite these estate-planning shifts.

Insider Trade Summary

4,236,544 shares gifted

Gift 14 txns

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

Role President and CEO | 10% Owner

Type	Security	Shares	Price	Value
Gift	LLC Units in TWFG Holding	529,568	$0.00	$0.00
Gift	LLC Units in TWFG Holding	264,784	$0.00	$0.00
Gift	LLC Units in TWFG Holding	264,784	$0.00	$0.00
Gift	LLC Units in TWFG Holding	264,784	$0.00	$0.00
Gift	LLC Units in TWFG Holding	264,784	$0.00	$0.00
Gift	LLC Units in TWFG Holding	264,784	$0.00	$0.00
Gift	LLC Units in TWFG Holding	264,784	$0.00	$0.00
Gift	Class C Common Stock	529,568	$0.00	$0.00
Gift	Class C Common Stock	264,784	$0.00	$0.00
Gift	Class C Common Stock	264,784	$0.00	$0.00
Gift	Class C Common Stock	264,784	$0.00	$0.00
Gift	Class C Common Stock	264,784	$0.00	$0.00
Gift	Class C Common Stock	264,784	$0.00	$0.00
Gift	Class C Common Stock	264,784	$0.00	$0.00

Holdings After Transaction: LLC Units in TWFG Holding — 33,364,242 contracts (Indirect, By LLC); LLC Units in TWFG Holding — 0 contracts (Direct); LLC Units in TWFG Holding — 0 contracts (Indirect, By wife); LLC Units in TWFG Holding — 264,784 contracts (Indirect, By MCB Trust); LLC Units in TWFG Holding — 264,784 contracts (Indirect, By RFB Trust); Class C Common Stock — 33,364,242 shares (Indirect, By LLC); Class C Common Stock — 0 shares (Direct); Class C Common Stock — 0 shares (Indirect, By wife); Class C Common Stock — 264,784 shares (Indirect, By MCB Trust); Class C Common Stock — 264,784 shares (Indirect, By RFB Trust)

Footnotes (3)

1. F1. On June 5, 2026, Bunch Family Holdings LLC (the "LLC") transferred 264,784 common units of TWFG Holding Company, LLC, together with the corresponding shares of Class C Common Stock of TWFG, Inc., to Richard F. Bunch III. On the same date, Mr. Bunch transferred such common units and corresponding shares to MCB Spousal Lifetime Trust U/T/A 6/19/2025, Michelle C. Bunch, Trustee ("MCB Trust").
2. F2. On June 5, 2026, Bunch Family Holdings LLC transferred 264,784 common units of TWFG Holding Company, LLC, together with the corresponding shares of Class C Common Stock of TWFG, Inc., to Michelle C. Bunch. On the same date, Ms. Bunch transferred such common units and corresponding shares to RFB Spousal Lifetime Trust U/T/A 8/25/2025, Richard F. Bunch III, Trustee ("RFB Trust").
3. F3. Each LLC Unit of TWFG Holding held by the Reporting Person is exchangeable for shares of Class A Common Stock of TWFG, Inc. on a one-for-one basis, and, upon such exchange, an equivalent number of shares of Class C shares of TWFG, Inc. held by the Reporting Person will be cancelled.

Key Figures

Total gifts: 4,236,544 units/shares Gift transactions count: 14 transactions Typical gift block size: 264,784 units/shares +3 more

6 metrics

Total gifts 4,236,544 units/shares Gift transactions on June 5, 2026

Gift transactions count 14 transactions All coded as bona fide gifts (Code G)

Typical gift block size 264,784 units/shares Repeated block size in several transactions

Larger gift block size 529,568 units/shares Used in transfers involving Bunch Family Holdings LLC

LLC units remaining at Bunch Family Holdings LLC 33,364,242 units Indirect holdings after gifts, exchangeable into Class A stock

Exchange ratio 1 unit : 1 Class A share Each LLC Unit exchangeable for one Class A share; Class C cancelled

Key Terms

bona fide gift, Spousal Lifetime Trust, LLC Unit, Class C Common Stock, +2 more

6 terms

bona fide gift financial

"transaction_code_description: "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Spousal Lifetime Trust financial

"MCB Spousal Lifetime Trust U/T/A 6/19/2025, Michelle C. Bunch, Trustee"

LLC Unit financial

"Each LLC Unit of TWFG Holding held by the Reporting Person is exchangeable"

Class C Common Stock financial

"corresponding shares of Class C Common Stock of TWFG, Inc."

A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.

Class A Common Stock financial

"exchangeable for shares of Class A Common Stock of TWFG, Inc."

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.

one-for-one basis financial

"exchangeable for shares of Class A Common Stock ... on a one-for-one basis"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did TWFG (TWFG) report on June 5, 2026?

TWFG reported 14 insider transactions coded as bona fide gifts on June 5, 2026. These involved LLC units in TWFG Holding and corresponding Class C Common Stock transferred among Bunch Family Holdings LLC, Mr. and Ms. Bunch, and two spousal lifetime trusts.

Did TWFG (TWFG) insiders sell shares on the open market in this Form 4?

No, the transactions were all coded G for bona fide gifts, with a reported price of $0.0000 per unit or share. This indicates non-market transfers, typically for estate or family planning, rather than open-market buying or selling activity.

How many units and Class C shares were transferred in the TWFG (TWFG) gifts?

The transaction summary reports 4,236,544 units/shares gifted across 14 transactions. Each line generally involves blocks of 264,784 or 529,568 LLC units in TWFG Holding and the corresponding shares of Class C Common Stock of TWFG, Inc.

Who are the entities involved in the TWFG (TWFG) gift transactions?

Key entities include Bunch Family Holdings LLC, the MCB Spousal Lifetime Trust, the RFB Spousal Lifetime Trust, and Mr. and Ms. Bunch personally. Units and corresponding Class C shares moved among these related holders as disclosed in the Form 4 footnotes.

What is Bunch Family Holdings LLC’s remaining position after the TWFG (TWFG) gifts?

After the reported gifts, one transaction line shows Bunch Family Holdings LLC with 33,364,242 LLC units in TWFG Holding. These units are each exchangeable for one share of Class A Common Stock of TWFG, Inc., with an equivalent number of Class C shares cancelled upon exchange.

How are TWFG (TWFG) LLC Units in TWFG Holding related to TWFG Class A and Class C stock?

Each LLC Unit of TWFG Holding held by the reporting person is exchangeable on a one-for-one basis for Class A Common Stock of TWFG, Inc. When exchanged, an equivalent number of Class C Common Stock shares held by the reporting person are cancelled.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/09/2026 - 05:37 PM EDT 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^*

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)
06/05/2026

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 C Common Stock	06/05/2026		G(1)(2)		529,568	D	$0	33,364,242	I	By LLC
Class C Common Stock	06/05/2026		G(1)		264,784	A	$0	264,784	D
Class C Common Stock	06/05/2026		G(2)		264,784	A	$0	264,784	I	By wife
Class C Common Stock	06/05/2026		G(1)		264,784	D	$0	0	D
Class C Common Stock	06/05/2026		G(2)		264,784	D	$0	0	I	By wife
Class C Common Stock	06/05/2026		G(1)		264,784	A	$0	264,784	I	By MCB Trust(1)
Class C Common Stock	06/05/2026		G(2)		264,784	A	$0	264,784	I	By RFB Trust(2)

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
LLC Units in TWFG Holding	(3)	06/05/2026		G(1)(2)			529,568	(3)	(3)	Class C Common Stock	529,568	$0	33,364,242	I	By LLC
LLC Units in TWFG Holding	(3)	06/05/2026		G(1)		264,784		(3)	(3)	Class C Common Stock	264,784	$0	264,784	D
LLC Units in TWFG Holding	(3)	06/05/2026		G(2)		264,784		(3)	(3)	Class C Common Stock	264,784	$0	264,784	I	By wife
LLC Units in TWFG Holding	(3)	06/05/2026		G(1)			264,784	(3)	(3)	Class C Common Stock	264,784	$0	0	D
LLC Units in TWFG Holding	(3)	06/05/2026		G(2)			264,784	(3)	(3)	Class C Common Stock	264,784	$0	0	I	By wife
LLC Units in TWFG Holding	(3)	06/05/2026		G(1)		264,784		(3)	(3)	Class C Common Stock	264,784	$0	264,784	I	By MCB Trust(1)
LLC Units in TWFG Holding	(3)	06/05/2026		G(2)		264,784		(3)	(3)	Class C Common Stock	264,784	$0	264,784	I	By RFB Trust(2)

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. On June 5, 2026, Bunch Family Holdings LLC (the "LLC") transferred 264,784 common units of TWFG Holding Company, LLC, together with the corresponding shares of Class C Common Stock of TWFG, Inc., to Richard F. Bunch III. On the same date, Mr. Bunch transferred such common units and corresponding shares to MCB Spousal Lifetime Trust U/T/A 6/19/2025, Michelle C. Bunch, Trustee ("MCB Trust").

2. On June 5, 2026, Bunch Family Holdings LLC transferred 264,784 common units of TWFG Holding Company, LLC, together with the corresponding shares of Class C Common Stock of TWFG, Inc., to Michelle C. Bunch. On the same date, Ms. Bunch transferred such common units and corresponding shares to RFB Spousal Lifetime Trust U/T/A 8/25/2025, Richard F. Bunch III, Trustee ("RFB Trust").

3. Each LLC Unit of TWFG Holding held by the Reporting Person is exchangeable for shares of Class A Common Stock of TWFG, Inc. on a one-for-one basis, and, upon such exchange, an equivalent number of shares of Class C shares of TWFG, Inc. held by the Reporting Person will be cancelled.

Remarks:

	/s/ Julie E. Benes, as Attorney-in-Fact for Richard F. Bunch III	06/09/2026
	/s/ Julie E. Benes, as Attorney-in-Fact for Bunch Family Holdings, LLC	06/09/2026
	** 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)