DOAK MICHAEL 4

What Happened
Michael Doak, a director (and CEO/Co-Chair/Manager of Griffin Highline Capital LLC), made open-market purchases of TWFG Class A common stock on June 3–4, 2026. He bought 22,994 shares on June 3 at $18.62 ($428,148) and 11,000 shares on June 4 at $19.09 ($209,990), for a total of 33,994 shares costing approximately $638,138. These were purchases (transaction code P), not sales.

Key Details

• Transaction dates and prices: 6/3/2026 — 22,994 shares @ $18.62 ($428,148); 6/4/2026 — 11,000 shares @ $19.09 ($209,990).
• Total purchased: 33,994 shares for ~$638,138.
• Filing: Form 4 filed 2026-06-04 (within the usual two-business-day reporting window).
• Reported holdings/footnotes: Form notes 745,900 shares held by Griffin Highline Capital LLC (Doak is CEO/Co-Chairman and manager with sole voting and dispositive power), 11,822 shares held by Dallas Specialty Insurance Company (controlled by Griffin Highline), and 4,000 restricted stock units (RSUs) that vest in full on the first anniversary of grant subject to continued service. Doak disclaims beneficial ownership of entity-held shares except to the extent of pecuniary interest.

Context
These were straightforward open-market purchases (P) — purchases are often watched by investors as a potential positive signal, but do not on their own prove intent. The 4,000 RSUs mentioned are time-vested awards, not immediate liquid shares. The filing indicates no late-report flag.