Zwinggi Janice E. 4

What Happened
TWFG (TWFG) CFO Janice E. Zwinggi received a grant of 12,500 restricted stock units (RSUs) on March 31, 2026 (transaction code A). At the same time, 839 company shares were withheld (transaction code F) to satisfy tax withholding obligations related to the RSU release; those withheld shares were valued at $18.39 each for a total of about $15,429. The RSU grant has no immediate cash cost to the reporting person (grant price recorded as $0.00).

Key Details

• Transaction date: March 31, 2026. Form filed April 2, 2026 (filed within the standard two-business-day window).
• Grant: 12,500 RSUs (code A) recorded at $0.00.
• Tax withholding: 839 shares withheld (code F) at $18.39 per share, total ≈ $15,429.
• Shares owned after the transaction: Not disclosed in the Form 4.
• Footnotes: F1 — RSUs vest in three equal annual installments on March 31, 2027, 2028 and 2029, subject to continued service. F2 — The 839 shares were withheld at the reporting person's election to satisfy tax withholding.
• Transaction type summary: Award of RSUs plus routine tax-withholding share disposition (not an open-market sale).

Context
RSU grants are equity compensation that vest over time; the 12,500 RSUs will convert to shares only if Zwinggi remains employed through each vesting date (2027–2029). The 839-share disposition was a standard withholding to cover taxes and should be viewed as administrative, not an indication of a deliberate sale or change in outlook.