4//SEC Filing
Bunch Richard F. III 4
Accession 0001628280-24-032383
CIK 0002007596other
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 9:42 PM ET
Size
20.8 KB
Accession
0001628280-24-032383
Insider Transaction Report
Form 4
TWFG, Inc.TWFG
Bunch Richard F. III
DirectorPresident and CEO10% Owner
Transactions
- 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) - 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+5,850$99,450→ 690,075 total(indirect: By son) - Purchase
Class A Common Stock
2024-07-19$17.00/sh+185,426$3,152,242→ 678,375 total - Purchase
Class A Common Stock
2024-07-19$17.00/sh+5,850$99,450→ 684,225 total(indirect: By Spouse) - Exercise/Conversion
LLC Units in TWFG Holding Company, LLC
2021-07-19+342,362→ 33,893,810 total(indirect: By LLC)→ Class A Common Stock (342,362 underlying) - Award
Class A Common Stock
2025-07-17+147,058→ 147,158 total - Award
Class A Common Stock
2024-07-17+3,529→ 150,687 total(indirect: By Spouse)
Bunch Family Holdings, LLC
10% Owner
Transactions
- Award
Class A Common Stock
2025-07-17+147,058→ 147,158 total - Award
Class C Common Stock
2024-07-19+33,893,810→ 33,893,810 total(indirect: By LLC) - Purchase
Class A Common Stock
2024-07-19$17.00/sh+185,426$3,152,242→ 678,375 total - Exercise/Conversion
Class A Common Stock
2024-07-19+342,262→ 492,949 total(indirect: By LLC) - Award
Class A Common Stock
2024-07-17+3,529→ 150,687 total(indirect: By Spouse) - Purchase
Class A Common Stock
2024-07-19$17.00/sh+5,850$99,450→ 684,225 total(indirect: By Spouse) - Purchase
Class A Common Stock
2024-07-19$17.00/sh+5,850$99,450→ 690,075 total(indirect: By son) - Purchase
Class A Common Stock
2024-07-19$17.00/sh+5,850$99,450→ 695,925 total(indirect: By son) - Exercise/Conversion
LLC Units in TWFG Holding Company, LLC
2021-07-19+342,362→ 33,893,810 total(indirect: By LLC)→ Class A Common Stock (342,362 underlying)
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 Company, LLC ("TWFG Holding") are owned directly by Bunch Family Holdings LLC ("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 0002028282
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 9:42 PM ET
- Size
- 20.8 KB