DOAK MICHAEL 4

4 · TWFG, Inc. · Filed May 22, 2026

AI-generated summary of this filing

Updated May 22, 2026

TWFG Director Michael Doak Buys 33,283 Shares

What Happened

Michael Doak, a director of TWFG, acquired a total of 33,283 shares of TWFG Class A common stock in two open-market purchases: 15,745 shares on 2026-05-20 at $18.79 ($295,849) and 17,538 shares on 2026-05-21 at $18.52 ($324,804). These were purchases (insider buys), which investors often view as a more informative signal than routine sales.

Key Details

Transaction dates & prices:
- 2026-05-20: 15,745 shares @ $18.79 = $295,849
- 2026-05-21: 17,538 shares @ $18.52 = $324,804
Total acquired: 33,283 shares for ~$620,653.
Holdings noted in the filing: includes 619,196 shares held by Griffin Highline Capital LLC, 2,322 shares held by Dallas Specialty Insurance Company, and 4,000 restricted stock units (RSUs) granted to Doak that vest on the first anniversary of the grant (subject to continued service).
Footnotes: F1 = 4,000 RSUs included; F2 = Doak is CEO/Co‑Chairman/Manager of Griffin Highline Capital LLC and has sole voting/dispositive power over the LLC’s 619,196 shares but disclaims beneficial ownership except for pecuniary interest.
Filing timeliness: Report filed 2026-05-22 for transactions on 2026-05-20 and 05-21 — appears timely (Form 4 must generally be filed within two business days).

Context

These were open‑market purchases (transaction code P), not option exercises or awards. The RSUs mentioned vest later and are subject to service conditions.
The filing shows holdings through entities Doak controls; he disclaims direct beneficial ownership of those entity-held shares except for his pecuniary interest. As always, purchases are factual data points and do not prove insider motives.

Form 4

Period: 2026-05-20

Director

Transactions

Purchase
Class A Common Stock
[F2]
2026-05-20$18.79/sh+15,745$295,849→ 603,980 total(indirect: See Footnote 2)
Purchase
Class A Common Stock
[F2]
2026-05-21$18.52/sh+17,538$324,804→ 621,518 total(indirect: See Footnote 2)

Holdings

Footnotes (2)

[F1]Shares of Class A Common Stock reported herein include 4,000 restricted stock units ("RSUs") previously granted to the reporting person in his capacity as a director of the issuer. The RSUs vest in full on the first anniversary of their grant date, subject to his continued services as a director through the vesting date.
[F2]619,196 shares of Class A Common Stock reported herein are held directly by Griffin Highline Capital LLC. Mr. Michael Doak is the Chief Executive Officer, Co-Chairman and Manager of Griffin Highline Capital LLC and has sole voting and dispositive power over the shares held by Griffin Highline Capital LLC. 2,322 Shares of Class A Common Stock reported herein are directly held by Dallas Specialty Insurance Company, which is controlled by Griffin Highline Capital LLC. Mr. Doak disclaims beneficial ownership of any units or shares owned by either Griffin Highline Capital LLC or Dallas Specialty Insurance Company, except to the extent of his pecuniary interests therein.

Signature

/s/ Julie E. Benes, as Attorney-in-Fact for Michael Doak|2026-05-22

1 file