Form 4 for TWFG TWFG, Inc.
Accepted 2024-07-19 00:00:00 ET · period of report 2021-07-19 · accession 0001628280-24-032383 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2024-07-19 | 2024-07-17+ | TWFG | Bunch Richard F. III | Pres, CEO, Dir, 10% | A - Grant | $0.00 | +33.90M | 150.7K | New | $0 |
| D | 2024-07-19 | 2025-07-17 | TWFG | Bunch Richard F. III | Pres, CEO, Dir, 10% | A - Grant | $0.00 | +147.1K | 147.2K | +147,058% | $0 |
| DI | 2024-07-19 | 2024-07-19 | TWFG | Bunch Richard F. III | Pres, CEO, Dir, 10% | M - OptEx | — | +342.3K | 492.9K | +227% | — |
| D | 2024-07-19 | 2024-07-19 | TWFG | Bunch Richard F. III | Pres, CEO, Dir, 10% | P - Purchase | $17.00 | +185.4K | 678.4K | +38% | +$3.15M |
| DMI | 2024-07-19 | 2024-07-19 | TWFG | Bunch Richard F. III | Pres, CEO, Dir, 10% | P - Purchase | $17.00 | +17.6K | 695.9K | +3% | +$298.4K |
| DI | 2024-07-19 | 2021-07-19 | TWFG | Bunch Richard F. III | Pres, CEO, Dir, 10% | M - OptEx | — | +342.4K | 33.89M | +1% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class C Common Stock | 2024-07-19 | A | A | 33,893,810 | — | 33,893,810 | I | — | — | (F1) Pursuant to the "reorganization transactions" (as defined in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-280439)), as part of the Issuer's initial public offering, (i) the Class C LLC Units of TWFG Holding Company, LLC ("TWFG Holding") held by Bunch Family Holdings LLC ("Bunch Holdings") were reclassified as LLC Units of TWFG Holding, (ii) Bunch Holdings exchanged 342,362 LLC Units of TWFG Holding for 342,362 shares of Class A Common Stock of the Issuer, and (iii) Bunch Holdings continued to hold 33,893,810 LLC Units of TWFG Holdings and was issued a corresponding number of shares of Class C Common Stock of the Issuer. Each LLC Unit of TWFG Holdings held by the Reporting Persons is exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, and upon such exchange, an equivalent number of shares of Class C Common Stock of the Issuer held by the Reporting Persons will be canceled. |
| 2 | Common | Class A Common Stock | 2025-07-17 | A | A | 147,058 | $0.00 | 147,158 | D By wife | — | — | |
| 3 | Common | Class A Common Stock | 2024-07-17 | A | A | 3,529 | $0.00 | 150,687 | I By LLC | — | — | (F2) The shares of Class A common Stock of the Issuer and the Class C LLC Units of TWFG Holding Company, LLC ("TWFG Holding") are owned directly by Bunch Family Holdings LLC ("Bunch Holdings"), a ten percent owner of the Issuer, and indirectly by Richard F. Bunch III, who is sole member of Bunch Holdings. Richard F. Bunch III is a director, officer and ten percent owner of the Issuer. |
| 4 | Common | Class A Common Stock | 2024-07-19 | M | A | 342,262 | — | 492,949 | I By wife | — | — | (F1) Pursuant to the "reorganization transactions" (as defined in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-280439)), as part of the Issuer's initial public offering, (i) the Class C LLC Units of TWFG Holding Company, LLC ("TWFG Holding") held by Bunch Family Holdings LLC ("Bunch Holdings") were reclassified as LLC Units of TWFG Holding, (ii) Bunch Holdings exchanged 342,362 LLC Units of TWFG Holding for 342,362 shares of Class A Common Stock of the Issuer, and (iii) Bunch Holdings continued to hold 33,893,810 LLC Units of TWFG Holdings and was issued a corresponding number of shares of Class C Common Stock of the Issuer. Each LLC Unit of TWFG Holdings held by the Reporting Persons is exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, and upon such exchange, an equivalent number of shares of Class C Common Stock of the Issuer held by the Reporting Persons will be canceled. |
| 5 | Common | Class A Common Stock | 2024-07-19 | P | A | 185,426 | $17.00 | 678,375 | D By son | — | — | |
| 6 | Common | Class A Common Stock | 2024-07-19 | P | A | 5,850 | $17.00 | 684,225 | I By son | — | — | |
| 7 | Common | Class A Common Stock | 2024-07-19 | P | A | 5,850 | $17.00 | 690,075 | I By LLC | — | — | (F2) The shares of Class A common Stock of the Issuer and the Class C LLC Units of TWFG Holding Company, LLC ("TWFG Holding") are owned directly by Bunch Family Holdings LLC ("Bunch Holdings"), a ten percent owner of the Issuer, and indirectly by Richard F. Bunch III, who is sole member of Bunch Holdings. Richard F. Bunch III is a director, officer and ten percent owner of the Issuer. |
| 8 | Common | Class A Common Stock | 2024-07-19 | P | A | 5,850 | $17.00 | 695,925 | I | — | — | |
| 9 | Derivative | LLC Units in TWFG Holding Company, LLC | 2021-07-19 | M | A | 342,362 | — | 33,893,810 | I By LLC | — · — to — | 342,362 Class A Common Stock | (F1) Pursuant to the "reorganization transactions" (as defined in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-280439)), as part of the Issuer's initial public offering, (i) the Class C LLC Units of TWFG Holding Company, LLC ("TWFG Holding") held by Bunch Family Holdings LLC ("Bunch Holdings") were reclassified as LLC Units of TWFG Holding, (ii) Bunch Holdings exchanged 342,362 LLC Units of TWFG Holding for 342,362 shares of Class A Common Stock of the Issuer, and (iii) Bunch Holdings continued to hold 33,893,810 LLC Units of TWFG Holdings and was issued a corresponding number of shares of Class C Common Stock of the Issuer. Each LLC Unit of TWFG Holdings held by the Reporting Persons is exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, and upon such exchange, an equivalent number of shares of Class C Common Stock of the Issuer held by the Reporting Persons will be canceled. (F2) The shares of Class A common Stock of the Issuer and the Class C LLC Units of TWFG Holding Company, LLC ("TWFG Holding") are owned directly by Bunch Family Holdings LLC ("Bunch Holdings"), a ten percent owner of the Issuer, and indirectly by Richard F. Bunch III, who is sole member of Bunch Holdings. Richard F. Bunch III is a director, officer and ten percent owner of the Issuer. |