Michael Doak - Mar 31, 2025 Form 4 Insider Report for TWFG, Inc. (TWFG)

Role: Director
Signature: /s/ Julie E. Benes, as Attorney-in-Fact for Michael Doak
Stock symbol: TWFG
Transactions as of: Mar 31, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/2/2025, 03:25 PM
Previous filing: Jul 19, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TWFG	Class A Common Stock	Award	$0	+2.59K	+73.34%	$0.00	6.12K	Mar 31, 2025	Direct	F1
holding	TWFG	Class A Common Stock						588K	Mar 31, 2025	Griffin Highline Capital LLC	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") granted to the reporting person in his capacity as a director of the issuer. The RSUs vest in full on the first anniversary of the grant date, subject to his continued service as a director through the vesting date.
F2	Represents shares of Class A Common Stock held by Griffin Highline Capital LLC. Mr. Michael Doak is the Chief Executive Officer, Co-Chairman and Manager of Griffin Highline Capital LLC and has sole voting and dispositive power over the shares held by Griffin Highline Capital LLC. Mr. Doak disclaims beneficial ownership of any units or shares owned Griffin Highline Capital LLC, except to the extent of his pecuniary interest therein. The holdings lines reflect the individual holdings of the distinct indirect forms of deemed pecuniary interest instead of reporting them in an aggregated form.

Content

Represents restricted stock units ("RSUs") granted to the reporting person in his capacity as a director of the issuer. The RSUs vest in full on the first anniversary of the grant date, subject to his continued service as a director through the vesting date.

Represents shares of Class A Common Stock held by Griffin Highline Capital LLC. Mr. Michael Doak is the Chief Executive Officer, Co-Chairman and Manager of Griffin Highline Capital LLC and has sole voting and dispositive power over the shares held by Griffin Highline Capital LLC. Mr. Doak disclaims beneficial ownership of any units or shares owned Griffin Highline Capital LLC, except to the extent of his pecuniary interest therein. The holdings lines reflect the individual holdings of the distinct indirect forms of deemed pecuniary interest instead of reporting them in an aggregated form.