BUNCH MICHELLE CAROLINE purchased 41.2% of their position (202.98K shares) of TWFG, INC. on the open market

Open‑market purchase worth $3.45M — a major conviction buy. The strongest form of insider conviction signal.

P · 4 purchases

BUNCH MICHELLE CAROLINE

Filed: 7/19/2024ACC: 0001628280-24-032369

InsiderBUNCH MICHELLE CAROLINECIK 2028275

→

IssuerTWFG, INC.CIK 2007596

Director

Since Jul 2024

+34.25M

Net shares

Net buyer

$3.45M

Total acquired

Open market trades

4B · 0S

Total transactions

34.59M acquired · 342.36K disposed

Non-Derivative Transactions8

Class A Common Stock

Direct

A · Award

+3.53K

Price / share

—

Trade value

—

% of position

3529.0%

7/17/2024

100.00→3.63K

Class A Common Stock

Indirect

M · Option Exercise

+342.26K

Price / share

—

Trade value

—

% of position

227.1%

7/19/2024

150.69K→492.95K

Class A Common Stock

Direct

P · Purchase

+5.85K

Price / share

$17.00

Trade value

$99.45K

% of position

1.2%

7/19/2024

492.95K→498.80K

Class A Common Stock

Indirect

P · Purchase

+185.43K

Price / share

$17.00

Trade value

$3.15M

% of position

37.2%

7/19/2024

498.80K→684.23K

Class A Common Stock

Indirect

P · Purchase

+5.85K

Price / share

$17.00

Trade value

$99.45K

% of position

0.9%

7/19/2024

684.23K→690.08K

Class A Common Stock

Indirect

P · Purchase

+5.85K

Price / share

$17.00

Trade value

$99.45K

% of position

0.8%

7/19/2024

690.08K→695.92K

Class C Common Stock

Indirect

A · Award

+33.89M

Price / share

—

Trade value

—

% of position

New position

7/19/2024

0.00→33.89M

Class A Common Stock

Indirect

A · Award

+147.06K

Price / share

—

Trade value

—

% of position

4052.3%

7/17/2025

3.63K→150.69K

Total

Net shares

+34.59M

Net value

$3.45M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	7/17/2024	A · Award	+3.53K	—	—	3529.0%	100.00	3.63K
Class A Common Stock Indirect	7/19/2024	M · Option Exercise	+342.26K	—	—	227.1%	150.69K	492.95K
Class A Common Stock Direct	7/19/2024	P · Purchase	+5.85K	$17.00	$99.45K	1.2%	492.95K	498.80K
Class A Common Stock Indirect	7/19/2024	P · Purchase	+185.43K	$17.00	$3.15M	37.2%	498.80K	684.23K
Class A Common Stock Indirect	7/19/2024	P · Purchase	+5.85K	$17.00	$99.45K	0.9%	684.23K	690.08K
Class A Common Stock Indirect	7/19/2024	P · Purchase	+5.85K	$17.00	$99.45K	0.8%	690.08K	695.92K
Class C Common Stock Indirect	7/19/2024	A · Award	+33.89M	—	—	New position	0.00	33.89M
Class A Common Stock Indirect	7/17/2025	A · Award	+147.06K	—	—	4052.3%	3.63K	150.69K
Total			+34.59M		$3.45M

Derivative Transactions1

LLC Units in TWFG Holding Company, LLC

Indirect

M · Option Exercise

Converts to

Class A Common Stock

342.36K shares

−342.36K

Strike price

Held after

33.89M

Exercisable

—

7/19/2024

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
LLC Units in TWFG Holding Company, LLC Indirect	Class A Common Stock342.36K shares	7/19/2024	M · Option Exercise	−342.36K		—	33.89M