Key facts
- This page summarizes Michael Doak's Form 4 filing for TWFG, Inc. (TWFG).
- 5 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 19 Jul 2024, 21:03.
Michael Doak - 17 Jul 2024 Form 4 Insider Report for TWFG, Inc. (TWFG)
- Reporting relationship
- Director
- Issuer ticker
- TWFG
- Reported as of
- 17 Jul 2024
- Net transaction value
- +$9,999,995
- SEC form
- 4
- Accepted by SEC
- 19 Jul 2024, 21:03:34 UTC
- Prior SEC filing
- 01 Sep 2023
- Next SEC filing
- 02 Apr 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Julie E. Benes, as Attorney-in-Fact for Michael Doak
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Doak filed Form 4 for TWFG, Inc. (TWFG) on 19 Jul 2024.
Change
- Previous filing in this sequence was filed on 01 Sep 2023.
- Current net transaction value: +$9,999,995.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TWFG
transaction
Class A Common Stock
Award
- Transaction value
- $0
- Shares
- +3,529
- Change %
- Price
- $0.000000
- Shares after
- 3,529
- Date
- 17 Jul 2024
- Ownership
- Direct
TWFG
transaction
Class A Common Stock
Purchase
- Transaction value
- $9,999,995
- Shares
- +588,235
- Change %
- +16669%
- Price
- $17.00
- Shares after
- 591,764
- Date
- 19 Jul 2024
- Ownership
- By LLC
- Footnotes
- F1, F2
TWFG
transaction
Class B Common Stock
Other
- Transaction value
- Shares
- +1,820,234
- Change %
- Price
- Shares after
- 1,820,234
- Date
- 19 Jul 2024
- Ownership
- By LLC
- Footnotes
- F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TWFG
transaction
Derivative
Class B LLC Units in TWFG Holding Company, LLC
Other
- Transaction value
- Shares
- -1,820,234
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 Jul 2024
- Ownership
- By LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,820,234
- Exercise price
- Footnotes
- F2, F3, F4
TWFG
transaction
Derivative
Class B LLC Units in TWFG Holding Company, LLC
Other
- Transaction value
- Shares
- +1,820,234
- Change %
- Price
- Shares after
- 1,820,234
- Date
- 19 Jul 2024
- Ownership
- By LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,820,234
- Exercise price
- Footnotes
- F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Represents shares purchased from the underwriters in the Issuer's initial public offering by Griffin Highline Capital, LLC.
Footnote F2
Griffin Highline Capital, LLC is the managing member of GHC Woodlands Holdings, Inc. ("GHC"). 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 GHC and Griffin Highline Capital, LLC. Mr. Doak disclaims beneficial ownership of any units or shares owned by GHC or Griffin Highline Capital, LLC, except to the extent of his pecuniary interest therein.
Footnote F3
( 1/2) Pursuant to the "reorganization transactions" (as defined in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-280439) (the "Form S-1")) as part of the Issuer's initial public offering ("IPO"), and immediately prior to the closing of the IPO, (i) the Class B LLC Units of TWFG Holding Company LLC ("TWFG Holding") held by GHC were reclassified as LLC Units of TWFG Holding, and (ii) GHC now holds 1,820,234 LLC Units of TWFG Holdings and a corresponding number of non-economic voting shares of Class B Common Stock of the Issuer. As further described in the Form S-1, from and after the closing of the IPO, GHC will have the right, subject to the terms of the LLC Agreement of TWFG Holding, to require TWFG Holding to redeem all or a portion of its LLC Units for, at the Issuer's election, newly-issued shares of Class A Common Stock on a one-for-one basis or a cash payment equal to the VWAP of one share of Class A Common Stock for each LLC Unit redeemed and, upon
Footnote F4
(2/2) such exchange, an equivalent number of shares of Class B Common Stock of the Issuer held by GHC will be canceled.