TPG Inc. (TPG) COO reports tax share withholding and RSU vesting

Rhea-AI Filing Summary

TPG Inc.'s Chief Operating Officer Anilu Vazquez-Ubarri reported equity compensation activity involving Class A common stock. On January 13, 2026, the company withheld 65,999 shares at $66.03 per share to cover tax liabilities tied to the vesting and settlement of previously granted restricted stock units (RSUs) and performance stock units. On the same date, she acquired 90,472 shares of Class A common stock, reflecting RSUs that vested with no cash exercise price. After these transactions, she directly held 421,946 shares of TPG Inc. Class A common stock. The RSUs referenced in the footnotes vest over three- and five-year schedules in equal annual installments from their grant date.

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

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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^*

Vazquez-Ubarri Anilu

(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
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

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

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
Class A Common Stock	01/13/2026		F(1)		65,999	D	$66.03	331,474	D
Class A Common Stock	01/13/2026		A		90,472	A	(2)	421,946	D

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

Explanation of Responses:

1. On January 13, 2026, TPG Inc. (the "Issuer") withheld 65,999 shares of Class A common stock ("Class A common stock") of the Issuer from the Reporting Person for payment of the tax liability incident to the vesting and settlement of restricted stock units ("RSUs") and performance stock units previously granted by the Issuer.

2. Represents RSUs. Each RSU represents a contingent right to receive one share of Class A common stock. 15,079 of the RSUs will vest in three equal installments on each of the first, second and third anniversaries of the date of grant. 75,393 of the RSUs will vest in five equal installments on each of the first, second, third, fourth and fifth anniversaries of the date of grant.

Remarks:

3. Jennifer Chu is signing on behalf of Ms. Vazquez-Ubarri pursuant to the power of attorney dated August 16, 2025, which was previously filed with the Securities and Exchange Commission.

	/s/ Jennifer L. Chu, as attorney-in-fact (3)	01/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did TPG (TPG) report for its COO?

TPG Inc. reported that Chief Operating Officer Anilu Vazquez-Ubarri had equity compensation activity on January 13, 2026 involving Class A common stock, including tax-related share withholding and RSU vesting.

How many TPG Class A shares were withheld for taxes from the COO?

TPG Inc. withheld 65,999 shares of Class A common stock from the COO at a price of $66.03 per share to pay tax liabilities associated with vesting RSUs and performance stock units.

How many TPG shares did the COO acquire through RSU vesting?

The COO acquired 90,472 shares of TPG Inc. Class A common stock on January 13, 2026, reflecting vested restricted stock units (RSUs) with a reported price per share of $0.00.

How many TPG Class A shares does the COO hold after these transactions?

Following the reported transactions, Chief Operating Officer Anilu Vazquez-Ubarri directly beneficially owned 421,946 shares of TPG Inc. Class A common stock.

What are the vesting terms of the TPG RSUs mentioned in the filing?

The filing states that 15,079 RSUs vest in three equal annual installments on the first, second, and third anniversaries of the grant date, and 75,393 RSUs vest in five equal annual installments on the first through fifth anniversaries of the grant date.

Were the TPG COO’s transactions open-market stock sales?

The filing explains that 65,999 shares were withheld by TPG Inc. to satisfy tax liabilities from RSU and performance stock unit vesting, while 90,472 shares were acquired through RSU settlement rather than an open-market purchase.