Bunch Richard F. III 4

4 · TWFG, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

TWFG Richard Bunch III Receives RSU Awards; Shares Withheld

What Happened

Richard F. Bunch III, a reported 10% owner of TWFG, was granted 27,500 restricted stock units (RSUs) on 2026-03-31 (reported at $0.00 per share on the Form 4). On the same date, 2,133 shares were disposed (withheld) at $18.39 per share to satisfy tax withholding obligations, totaling $39,226. The filing also reports a separate grant of 4,000 RSUs on 2026-03-31 awarded to Mrs. Bunch in her capacity as a director.

Key Details

Transaction date: 2026-03-31.
Grants recorded: 27,500 RSUs to Richard Bunch III (price reported $0.00) and 4,000 RSUs to Mrs. Bunch (price $0.00).
Tax-withholding disposal: 2,133 shares sold/withheld at $18.39 each, net value ~$39,226.
Vesting: The 27,500 RSUs vest in three equal annual installments on 3/31/2027, 3/31/2028 and 3/31/2029 (subject to continued service) (F1). The 4,000 RSUs to Mrs. Bunch vest in full on the first anniversary of the grant (F3).
Reason for disposition: Shares were withheld at the reporting person's election to satisfy tax withholding on RSU release (F2).
Holdings after transaction: Not specified in the provided filing excerpt.
Timeliness: No late-filing flag noted in the provided data.

Context

RSUs are awards that typically vest over time and do not represent an immediate open-market purchase or sale; the tax-withholding here is a routine administrative disposition rather than a market-sale decision. As a 10% owner, Bunch’s transactions reflect insider/family compensation and holdings structures (the filing notes indirect/individual holdings for family members and family entities) rather than an arms-length buy/sell signal.

Form 4

Period: 2026-03-31

DirectorPresident and CEO10% Owner

Transactions

Award
Class A Common Stock
[F1]
2026-03-31+27,500→ 333,462 total
Tax Payment
Class A Common Stock
[F2]
2026-03-31$18.39/sh−2,133$39,226→ 331,329 total
Award
Class A Common Stock
[F3][F4]
2026-03-31+4,000→ 15,967 total(indirect: By Spouse)

Holdings

Footnotes (4)

[F1]Represents restricted stock units ("RSUs") granted under the 2024 Omnibus Incentive Plan. The RSUs vest in three equal annual installments on March 31, 2027, March 31, 2028, and March 31, 2029, subject to his continued service with the issuer through each vesting date.
[F2]The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of RSUs.
[F3]Represents RSUs granted to the wife ("Mrs. Bunch") of the reporting person in her capacity as a director of the issuer. The RSUs vest in full on the first anniversary of the grant date, subject to the continued service of Mrs. Bunch as a director through the vesting date.
[F4]Represent shares of Class A Common Stock held by Mrs. Bunch, sons and Bunch Family Holdings, LLC. The holdings lines reflect the individual holdings of the distinct indirect forms of deemed pecuniary interest instead of reporting them in an aggregated form.

Signature

/s/ Julie E. Benes, as Attorney-in-Fact for Richard F. Bunch III|2026-04-02

1 file