[Form 4/A] TPG Inc. Amended Insider Trading Activity

Rhea-AI Filing Summary

The filing is an amendment to a Form 4 reporting insider ownership for Kelvin L. Davis at TPG Inc. The amendment corrects an earlier filing and discloses that Mr. Davis indirectly holds 11,527,036 shares of Class A common stock through TPG Partner Holdings, L.P. The original Form 4 filed August 12, 2025, had an incorrect number of units; this amendment, signed by attorney-in-fact Jennifer L. Chu, updates the record as of the transaction dated 08/08/2025.

Positive

• Corrected public record—the amendment updates an earlier misreported holding to the accurate post-transaction total of 11,527,036 Class A shares.
• Compliance action taken—an amended Form 4 and a power of attorney exhibit were filed, demonstrating steps to remedy the prior inaccuracy.

Negative

• Initial misstatement—the original Form 4 filed August 12, 2025, reported an incorrect number of units, requiring this amendment.
• Delay between filing and correction—the amendment was filed on September 12, 2025, one month after the original filing date indicated in the document.

Insights

Corporate Governance Expert

TL;DR: Amendment corrects reported insider holdings; indicates procedural error but no new transactions disclosed.

The amendment clarifies the correct indirect beneficial ownership amount of 11,527,036 Class A shares attributable to the reporting person via TPG Partner Holdings, L.P. This is a disclosure correction rather than a substantive change in holdings or an additional transaction. The filing shows adherence to Section 16 reporting by filing an amendment and attaching a power of attorney for signature, which addresses formality and accuracy concerns.

Securities Compliance Analyst

TL;DR: Corrective filing resolves an earlier misstatement; no new derivative or non-derivative transactions are newly reported.

The document indicates the earliest transaction date as 08/08/2025 and an original Form 4 date of 08/12/2025 that contained an incorrect unit count. The amendment filed 09/12/2025 provides the corrected post-transaction unit total and includes Exhibit 24.1 (power of attorney). From a compliance perspective, this restores accurate public records of beneficial ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Davis Kelvin L.

(Last) (First) (Middle)

301 COMMERCE STREET

SUITE 3300

(Street)

FORT WORTH TX 76102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TPG Inc. [ TPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/12/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
TPG Partner Holdings, L.P. Units	(1)							(1)	(1)	Class A Common Stock(1)	(1)		11,527,036	I	See footnote(1)

Explanation of Responses:

1. On August 12, 2025, the Reporting Person filed a Form 4 that inadvertently reported an incorrect number of units ("TPH Units") of TPG Partner Holdings, L.P held by the Reporting Person following the transaction reported therein. This amendment reports the correct number of TPH Units held by the Reporting Person.

Remarks:

(2) Jennifer L. Chu is signing on behalf of Mr. Davis pursuant to the power of attorney dated August 16, 2025, which is attached hereto as an exhibit. Exhibit 24.1 - Power of Attorney.

	/s/ Jennifer L. Chu, as attorney-in-fact (2)	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4/A for TPG (TPG) correct?

The amendment corrects an earlier Form 4 by reporting the accurate indirect beneficial ownership of 11,527,036 Class A shares held via TPG Partner Holdings, L.P.

Who is the reporting person on this Form 4/A?

The reporting person is Kelvin L. Davis, identified as a director of TPG Inc.

What are the key dates in this filing?

The transaction date shown is 08/08/2025, the original Form 4 was filed 08/12/2025, and this amendment was filed 09/12/2025.

How is the form signed and who signed it?

The amendment is signed by Jennifer L. Chu as attorney-in-fact for Mr. Davis, and a power of attorney (Exhibit 24.1) is attached.

Does the amendment report any new transactions or derivatives?

No. The document corrects the reported number of units; it does not disclose additional transactions or derivative positions beyond the corrected ownership figure.