TWFG 10% Owner Richard F. Bunch III Withholds 17,733 Shares

What Happened

• Richard F. Bunch III, reported as a 10% owner of TWFG, Inc. (TWFG), had 17,733 shares withheld on July 17, 2026 to satisfy tax withholding related to the release of restricted stock units (RSUs). The withholding was recorded at $26.35 per share for a notional value of $467,265. This was an administrative tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: July 17, 2026 — 17,733 shares withheld at $26.35/share (total ~$467,265).
• Shares owned after transaction: Not specified in the provided excerpt; the filing notes holdings are reported across distinct indirect interests rather than aggregated (see footnote F2).
• Footnotes of note:
  • F1: Shares were withheld at the reporting person's election to satisfy tax withholding on RSU release.
  • F2: Holdings lines reflect separate indirect pecuniary interests instead of a single aggregated total.
• Timeliness: Filed July 21, 2026; this filing falls within the standard Form 4 reporting window (not a late filing).

Context

• This was a tax-withholding action tied to RSU vesting (common administrative transaction). Because the shares were withheld to cover taxes, this does not indicate a deliberate market sale and should not be interpreted as a direct bearish signal. As a 10% owner, Bunch is a significant shareholder, but this transaction reflects ordinary compensation tax mechanics rather than a purchase or open-market disposal.