DOAK MICHAEL 4

What Happened
Michael Doak, a director of TWFG, was granted 4,000 restricted stock units (RSUs) on March 31, 2026. The grant is reported at $0.00 per share (total reported value $0). The RSUs vest in full on the first anniversary of the grant (March 31, 2027), subject to his continued service as a director.

Key Details

• Transaction date and price: 2026-03-31; 4,000 RSUs @ $0.00 (reported value $0).
• Vesting: RSUs vest in full on 2027-03-31, contingent on continued service (Footnote F1).
• Shares owned after transaction: the filing does not provide an individual post-grant share count for Mr. Doak; indirect holdings are disclosed separately (see F2).
• Footnotes: F1 describes the RSU vesting schedule; F2 notes shares held by Griffin Highline Capital LLC, where Mr. Doak is CEO, Co-Chairman and Manager, and that he disclaims beneficial ownership except for pecuniary interest.
• Filing date/timeliness: Form 4 was filed 2026-04-02; this appears to be within the typical two-business-day filing window for Form 4s.

Context
RSU grants are compensation/retention awards and do not involve an immediate cash purchase or sale; they convert to actual shares only upon vesting. The presence of indirect holdings via Griffin Highline Capital LLC is disclosed separately — Mr. Doak has voting/dispositive control there but disclaims direct beneficial ownership except to the extent of pecuniary interest. Awards like this are routine corporate compensation and do not by themselves indicate a buy/sell decision in the open market.