TPG Inc. (TPG) president gains 1,082 partnership units via allocation

Rhea-AI Filing Summary

Sisitsky Todd Benjamin reported acquisition or exercise transactions in this Form 4 filing.

TPG Inc. director and president Todd Benjamin Sisitsky reported automatic allocations of 1,082 TPG Partner Holdings, L.P. units on August 5, 2026, following a former partner’s forfeiture, split as 984 units held through a personal investment vehicle and 98 units through family trusts.

These units are held indirectly and are ultimately exchangeable, at TPG’s election, for cash or Class A common stock on a one-for-one basis. Sisitsky is reported as a possible beneficial owner only to the extent of his pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Sisitsky Todd Benjamin

Role President

Type	Security	Shares	Price	Value
Grant/Award	TPG Partner Holdings, L.P. Units F2, F1, F3, F4	984	$0.00	$0.00
Grant/Award	TPG Partner Holdings, L.P. Units F2, F1, F3, F4	98	$0.00	$0.00

Holdings After Transaction: TPG Partner Holdings, L.P. Units — 10,379,227 shares (Indirect, By Personal Investment Vehicle); TPG Partner Holdings, L.P. Units — 478,786 shares (Indirect, By Family Trusts)

Footnotes (4)

1. F1. On August 5, 2026, 1,082 additional units ("TPH Units") of TPG Partner Holdings, L.P. ("Partner Holdings") were allocated automatically to the Reporting Person in accordance with Partner Holdings' limited partnership agreement upon their forfeiture by a former partner of Partner Holdings.
2. F2. Pursuant to the Amended and Restated Exchange Agreement filed by TPG Inc. (the "Issuer") with the Securities and Exchange Commission (the "Commission") on November 2, 2023, TPH Units are ultimately exchangeable for cash or, at the Issuer's election, shares of Class A common stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments and transfer restrictions (the "exchange consideration"). Upon an exchange of TPH Units, an equal number of Common Units of TPG Operating Group II, L.P. held by TPG Group Holdings (SBS), L.P. ("Group Holdings"), of which Partner Holdings is an indirect limited partner, are exchanged on a one-for-one basis for the exchange consideration, and an equal number of shares of Class B common stock of the Issuer also held by Group Holdings will be automatically cancelled for no additional consideration. Each share of Class B common stock entitles the holder to ten votes per share but carries no economic rights.
3. F3. Because of the relationship between the Reporting Person and the entities holding these securities, the Reporting Person may be deemed to beneficially own these securities to the extent of the greater of the Reporting Person's direct or indirect pecuniary interest in the profits, capital accounts or distributions of the holder. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein, if any.
4. F4. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of the Reporting Person's pecuniary interest.

Key Figures

TPH Units allocated: 1,082 units Units via personal investment vehicle: 984 units Units via family trusts: 98 units +4 more

7 metrics

TPH Units allocated 1,082 units Additional TPG Partner Holdings, L.P. units automatically allocated on August 5, 2026 after a former partner’s forfeiture

Units via personal investment vehicle 984 units TPG Partner Holdings, L.P. units indirectly held through a personal investment vehicle after the August 5, 2026 allocation

Units via family trusts 98 units TPG Partner Holdings, L.P. units indirectly held through family trusts after the August 5, 2026 allocation

Units via personal vehicle after transaction 10,379,227 units Total TPG Partner Holdings, L.P. units indirectly held through a personal investment vehicle following the reported allocation

Units via family trusts after transaction 478,786 units Total TPG Partner Holdings, L.P. units indirectly held through family trusts following the reported allocation

Exchange ratio 1 TPH Unit for 1 Class A share Each TPG Partner Holdings unit is ultimately exchangeable for cash or one share of TPG Class A common stock

Class B voting power 10 votes per share Each share of TPG Class B common stock carries ten votes but no economic rights

Key Terms

TPG Partner Holdings, L.P. Units, Amended and Restated Exchange Agreement, pecuniary interest, beneficial owner

4 terms

TPG Partner Holdings, L.P. Units financial

"1,082 additional units ("TPH Units") of TPG Partner Holdings, L.P. were allocated"

Amended and Restated Exchange Agreement regulatory

"Pursuant to the Amended and Restated Exchange Agreement filed by TPG Inc."

pecuniary interest financial

"except to the extent of the Reporting Person's pecuniary interest therein, if any"

beneficial owner regulatory

"shall not be deemed an admission that the Reporting Person is ... the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/07/2026 - 07:40 PM Accepted by SEC EDGAR 08/07/2026 - 07:39 PM Learn about SEC filing dates

FAQ

What insider transactions did TPG (TPG) report for Todd Sisitsky?

Todd Sisitsky received automatic allocations of 1,082 TPG Partner Holdings, L.P. units on August 5, 2026, after a former partner’s forfeiture. These comprised 984 units held via a personal investment vehicle and 98 units held through family trusts, all reported as indirect holdings.

How are TPG Partner Holdings units related to TPG (TPG) Class A common stock?

The units are ultimately exchangeable for cash or, at TPG’s election, for Class A common stock on a one-for-one basis, subject to customary adjustments and transfer restrictions. Exchanges also trigger one-for-one exchanges of related operating group units and cancellation of corresponding Class B shares.

How many TPG Partner Holdings units does Todd Sisitsky hold after these transactions at TPG (TPG)?

After the allocations, entities associated with Todd Sisitsky hold 10,379,227 TPG Partner Holdings units via a personal investment vehicle and 478,786 units via family trusts. All such positions are reported as indirect, with Sisitsky disclaiming beneficial ownership beyond his pecuniary interest.

Did Todd Sisitsky’s TPG (TPG) unit allocations occur under a Rule 10b5-1 plan?

The insider report indicates these allocations were not made under a Rule 10b5-1 trading plan. Instead, 1,082 units were automatically allocated to Sisitsky under the partnership agreement after a former TPG Partner Holdings partner forfeited those units.

What voting and economic rights are tied to TPG (TPG) Class B common stock in this context?

Each share of TPG Class B common stock carries ten votes per share but has no economic rights. When TPG Partner Holdings units are exchanged, an equal number of related Class B shares held by Group Holdings are automatically cancelled for no additional consideration.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sisitsky Todd Benjamin

(Last) (First) (Middle)

301 COMMERCE STREET, SUITE 3300

(Street)

FORT WORTH TEXAS 76102

(City) (State) (Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026

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

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

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

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	(2)	08/05/2026		A(1)		984		(2)	(2)	Class A Common Stock(2)	984	$0	10,379,227	I	By Personal Investment Vehicle(3)(4)
TPG Partner Holdings, L.P. Units	(2)	08/05/2026		A(1)		98		(2)	(2)	Class A Common Stock(2)	98	$0	478,786	I	By Family Trusts(3)(4)

Explanation of Responses:

1. On August 5, 2026, 1,082 additional units ("TPH Units") of TPG Partner Holdings, L.P. ("Partner Holdings") were allocated automatically to the Reporting Person in accordance with Partner Holdings' limited partnership agreement upon their forfeiture by a former partner of Partner Holdings.

2. Pursuant to the Amended and Restated Exchange Agreement filed by TPG Inc. (the "Issuer") with the Securities and Exchange Commission (the "Commission") on November 2, 2023, TPH Units are ultimately exchangeable for cash or, at the Issuer's election, shares of Class A common stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments and transfer restrictions (the "exchange consideration"). Upon an exchange of TPH Units, an equal number of Common Units of TPG Operating Group II, L.P. held by TPG Group Holdings (SBS), L.P. ("Group Holdings"), of which Partner Holdings is an indirect limited partner, are exchanged on a one-for-one basis for the exchange consideration, and an equal number of shares of Class B common stock of the Issuer also held by Group Holdings will be automatically cancelled for no additional consideration. Each share of Class B common stock entitles the holder to ten votes per share but carries no economic rights.

3. Because of the relationship between the Reporting Person and the entities holding these securities, the Reporting Person may be deemed to beneficially own these securities to the extent of the greater of the Reporting Person's direct or indirect pecuniary interest in the profits, capital accounts or distributions of the holder. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein, if any.

4. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of the Reporting Person's pecuniary interest.

Remarks:

(5) Jennifer Chu is signing on behalf of Mr. Sisitsky pursuant to the power of attorney dated August 16, 2025, which was previously filed with the Commission.

	/s/ Jennifer L. Chu, as attorney-in-fact(5)	08/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)