Bunch Richard F. III 4

What Happened

• Richard F. Bunch III (reported as a 10% owner) reported a series of gifts on June 5, 2026 involving blocks of 264,784 and 529,568 shares/units of TWFG. All transactions are recorded as gifts (code G) with $0 cash consideration.
• The filing shows matching acquisitions and dispositions of the same block sizes (264,784 and 529,568), including entries for derivative interests (LLC units that are exchangeable into common stock). Net effect in the Form 4 is effectively zero change in beneficial ownership on the face of the reported transactions.

Key Details

• Transaction date: June 5, 2026; Form 4 filed June 9, 2026 (filed on time).
• Price: $0.00 — listed as gifts (no cash exchanged).
• Block sizes: transfers reported in blocks of 264,784 shares/units and 529,568 shares/units (the larger block equals two 264,784 units).
• Net change: the reported acquisitions and dispositions offset each other (no net increase or decrease shown in the filing).
• Shares owned after transaction: not specified in the excerpt provided.
• Notable footnotes:
  • F1/F2: Transfers originated with Bunch Family Holdings LLC and involved intermediate transfers to Richard F. Bunch III and Michelle C. Bunch, and then to spousal lifetime trusts (MCB Trust and RFB Trust).
  • F3: Each LLC unit of TWFG Holding Company, LLC held by the reporting person is exchangeable one-for-one for Class A common shares; exchanging units would cancel an equivalent number of Class C shares.
• No indication this filing was late.

Context

• These were gifts — such transactions are typically estate or household planning moves and do not, by themselves, signal market sentiment. Because the filing concerns a 10% owner and exchangeable LLC units (derivative-style holdings), the entries reflect transfers of ownership interests and related share equivalents rather than open-market buy/sell activity.