DOAK MICHAEL 4

What Happened
Michael Doak, a director of TWFG, Inc., acquired 7,865 shares of TWFG Class A common stock in an open-market purchase on June 5, 2026 at $19.45 per share, for a total cost of $152,974. The transaction is reported on a Form 4 (purchase, code P).

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (timely).
• Price: $19.45 per share; total value: $152,974.
• Reported holdings referenced in the filing include: 4,000 restricted stock units (RSUs) that vest in full on the first anniversary of grant (subject to continued service); 753,216 shares held directly by Griffin Highline Capital LLC; and 12,371 shares held directly by Dallas Specialty Insurance Company.
• Role/controls: Mr. Doak is CEO, Co-Chairman and Manager of Griffin Highline Capital LLC and has sole voting and dispositive power over the shares held by that entity. He disclaims beneficial ownership of entity-held shares except to the extent of his pecuniary interest.
• Transaction type: Open-market purchase (P). No option exercises, gifts, or tax-withholding reported.

Context
Insider purchases are often watched by investors as a potentially positive signal, but they are routine and do not guarantee future performance. The 4,000 RSUs are restricted and subject to vesting conditions; substantial holdings are held through affiliated entities where Mr. Doak exercises control.