4//SEC Filing
Bunch Michelle Caroline 4
Accession 0001628280-24-032369
CIK 0002007596other
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 9:01 PM ET
Size
18.9 KB
Accession
0001628280-24-032369
Insider Transaction Report
Form 4
TWFG, Inc.TWFG
Bunch Michelle Caroline
Director
Transactions
- Award
Class A Common Stock
2025-07-17+147,058→ 150,687 total(indirect: By Spouse) - Purchase
Class A Common Stock
2024-07-19$17.00/sh+5,850$99,450→ 498,799 total - Purchase
Class A Common Stock
2024-07-19$17.00/sh+5,850$99,450→ 690,075 total(indirect: By son) - Exercise/Conversion
LLC Units in TWFG Holding Company, LLC
2024-07-19−342,362→ 33,893,810 total(indirect: By LLC)→ Class A Common Stock (342,362 underlying) - Exercise/Conversion
Class A Common Stock
2024-07-19+342,262→ 492,949 total(indirect: By LLC) - Purchase
Class A Common Stock
2024-07-19$17.00/sh+185,426$3,152,242→ 684,225 total(indirect: By Spouse) - Purchase
Class A Common Stock
2024-07-19$17.00/sh+5,850$99,450→ 695,925 total(indirect: By son) - Award
Class C Common Stock
2024-07-19+33,893,810→ 33,893,810 total(indirect: By LLC) - Award
Class A Common Stock
2024-07-17+3,529→ 3,629 total
Footnotes (3)
- [F1]Pursuant to the "reorganization transactions" (as defined in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-280439)), as part of the Issuer's initial public offering, (i) the Class C LLC Units of TWFG Holding Company, LLC ("TWFG Holding") held by Bunch Family Holdings LLC ("Bunch Holdings") were reclassified as LLC Units of TWFG Holding, (ii) Bunch Holdings exchanged 342,362 LLC Units of TWFG Holding for 342,362 shares of Class A Common Stock of the Issuer, and (iii) Bunch Holdings continued to hold 33,893,810 LLC Units of TWFG Holdings and was issued a corresponding number of shares of Class C Common Stock of the Issuer. Each LLC Unit of TWFG Holdings held by the Reporting Persons is exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, and upon such exchange, an equivalent number of shares of Class C Common Stock of the Issuer held by the Reporting Persons will be canceled.
- [F2]The shares of Class A Common Stock of the Issuer and the Class C LLC Units of TWFG Holding are owned directly by Bunch Holdings, a ten percent owner of the Issuer, and indirectly by Richard F. Bunch III, who is sole member of Bunch Holdings. Richard F. Bunch III is a director, officer and ten percent owner of the Issuer.
- [F3]Represents shares acquired pursuant to a directed share program in connection with the Issuer's initial public offering.
Documents
Issuer
TWFG, Inc.
CIK 0002007596
Entity typeother
Related Parties
1- filerCIK 0002028275
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 9:01 PM ET
- Size
- 18.9 KB