TWFG Director Michelle Bunch Sells 17,733 Shares (Tax Withholding)

What Happened

• Michelle Caroline Bunch, a director of TWFG, disposed of 17,733 shares on 2026-07-17 as a tax-withholding action tied to the release of restricted stock units (RSUs).
• The withholding price was $26.35 per share, for a total value of approximately $467,265. This was a withholding to cover tax obligations (transaction code F), not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-07-17; Filing date (Form 4): 2026-07-21 (filed within the typical 2-business-day reporting window).
• Shares withheld/disposed: 17,733 at $26.35; total value ~$467,265.
• Transaction code: F (tax withholding/cashless settlement on RSU release). Footnote F1 confirms shares were withheld at the reporting person's election to satisfy tax withholding on RSU release.
• Footnote F2 notes the holdings lines report distinct indirect forms of deemed pecuniary interest separately rather than aggregated.
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This was a routine tax-withholding/cashless settlement related to RSU vesting — common for equity compensation and not necessarily a reflection of insider sentiment. Purchases generally carry more informational weight than withholdings or routine disposals.