TWFG, Inc. (TWFG) CFO details RSU tax-related share withholding

Rhea-AI Filing Summary

TWFG, Inc. Chief Financial Officer Janice E. Zwinggi reported a tax-withholding disposition of 7,710 shares of Class A Common Stock on 2026-07-17 at $26.35 per share. The shares were withheld to cover RSU-related tax obligations from the release of RSUs, leaving her with 57,314 shares held directly.

Insider Trade Summary

Net Seller: 7,710 shares

Net Sell 1 txn

Insider Zwinggi Janice E.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1	7,710	$26.35	$203K

Holdings After Transaction: Class A Common Stock — 57,314 shares (Direct)

Footnotes (1)

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")

Key Figures

Shares withheld for taxes: 7710.0000 shares Tax-withholding share value: $26.3500 per share Shares held after transaction: 57314.0000 shares +1 more

4 metrics

Shares withheld for taxes 7710.0000 shares Tax-withholding disposition on 2026-07-17 tied to RSU release

Tax-withholding share value $26.3500 per share Per-share value applied to the 7,710 withheld shares

Shares held after transaction 57314.0000 shares Direct Class A Common Stock ownership reported post-transaction

Tax-withholding transactions 1 transaction Single Form 4 entry coded F for payment of tax liability

Key Terms

restricted stock units ("RSU"), tax withholding obligations, Class A Common Stock, Payment of tax liability by delivering or withholding securities

4 terms

restricted stock units ("RSU") financial

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

tax withholding obligations financial

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

Class A Common Stock financial

"security_title": "Class A Common Stock""

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.

Payment of tax liability by delivering or withholding securities financial

"transaction_code_description": "Payment of tax liability by delivering or withholding securities""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/21/2026 - 05:59 PM Accepted by SEC EDGAR 07/21/2026 - 05:58 PM Learn about SEC filing dates

FAQ

What insider transaction did TWFG (TWFG) disclose for its CFO?

TWFG reported that CFO Janice E. Zwinggi had 7,710 shares of Class A Common Stock withheld on 2026-07-17 to satisfy RSU-related tax obligations, rather than executing an open-market sale, and now directly holds 57,314 shares.

Was the TWFG (TWFG) CFO’s Form 4 transaction an open-market sale?

No. The Form 4 states the transaction was a tax-withholding disposition, where 7,710 shares were withheld at the CFO’s election to cover tax withholding obligations tied to the release of restricted stock units (RSUs).

How many TWFG (TWFG) shares does the CFO hold after the reported transaction?

After the tax-withholding disposition, CFO Janice E. Zwinggi is reported to directly hold 57,314 shares of TWFG Class A Common Stock, according to the post-transaction ownership figure disclosed in the Form 4 filing.

What price per share is associated with the TWFG (TWFG) CFO’s tax-withholding shares?

The withheld shares are reported at a value of $26.35 per share. This per-share amount is used in the Form 4 to describe the tax-withholding disposition involving 7,710 shares of TWFG Class A Common Stock.

What is the Form 4 transaction code used in the TWFG (TWFG) CFO filing?

The filing uses transaction code "F", which the description explains as a payment of tax liability by delivering or withholding securities, confirming the transaction reflects RSU-related tax withholding rather than a discretionary market trade.

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)
07/17/2026

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	07/17/2026		F		7,710(1)	D	$26.35	57,314	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	07/21/2026
	** 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)