DOAK MICHAEL 4

What Happened
Michael Doak, a director of TWFG, Inc., made two open-market purchases: 11,000 shares on 2026-05-28 and 11,330 shares on 2026-05-29, each at $18.87 per share. The two buys total 22,330 shares for approximately $421,367. These were purchases (transaction code P), which are direct acquisitions rather than sales or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-05-28: 11,000 shares @ $18.87 — $207,570
  • 2026-05-29: 11,330 shares @ $18.87 — $213,797
• Total acquired: 22,330 shares for ~$421,367.
• Shares reported in the filing include: 683,579 shares held by Griffin Highline Capital LLC and 7,149 shares held by Dallas Specialty Insurance Company; 4,000 restricted stock units (RSUs) are also included and vest on their anniversary subject to continued service (see footnotes).
• Mr. Doak is CEO, Co‑Chairman and Manager of Griffin Highline Capital LLC and has sole voting/dispositive power over the shares held by that entity, but he disclaims beneficial ownership of those entity-owned shares except to the extent of any pecuniary interest.
• Filing timeliness: Period of report 2026-05-28; Form 4 filed 2026-05-29 — appears timely (not marked late).

Context
These were straightforward open-market purchases (code P). The filing does not show an explicit single “shares owned after” total for Mr. Doak as an individual — it reports significant holdings through affiliated entities and the 4,000 RSUs. Purchases by insiders can be of interest to investors, but filings are factual records and do not explain motivation.