Bunch Richard F. III 4

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.