TPG Inc. (NASDAQ: TPG) CEO receives 1,688 TPG Partner Holdings units

Q: What insider transaction did TPG (TPG) CEO Jon Winkelried report?

CEO Jon Winkelried reported an automatic allocation of 1,688 TPG Partner Holdings, L.P. units on August 5, 2026. The units were received at $0.00 per unit after forfeiture by a former partner, and are linked to TPG’s Class A common stock through an exchange agreement.

Q: How many TPG Partner Holdings units did Winkelried receive and how are they held for TPG (TPG)?

Winkelried received 1,688 TPH Units in total: 1,152 units to his direct account, 357 units via a personal investment vehicle, and 179 units through a family trust. These amounts correspond to the former partner’s forfeited units reallocated under the partnership agreement.

Q: What can TPG Partner Holdings (TPH) units be exchanged into for TPG (TPG)?

Each TPH Unit is ultimately exchangeable one-for-one for cash or, at TPG’s election, Class A common stock . On exchange, related TPG Operating Group II units convert to the same consideration and an equal number of Class B shares with ten votes each are cancelled for no additional consideration.

Q: Were Winkelried’s TPG (TPG) Form 4 transactions made under a Rule 10b5-1 trading plan?

The transactions were not reported as being under a Rule 10b5-1 plan . The filing’s Rule 10b5-1 checkbox was not marked, and the footnotes describe automatic allocation under the partnership agreement rather than trades executed pursuant to a pre-arranged trading plan.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WINKELRIED JON reported acquisition or exercise transactions in this Form 4 filing.

TPG Inc. disclosed that CEO and 10% owner Jon Winkelried was automatically allocated 1,688 TPG Partner Holdings, L.P. units on August 5, 2026 after a former partner’s forfeiture, at $0.00 per unit. He now holds 1,152 units directly, 357 through a personal investment vehicle and 179 via a family trust. These units are ultimately exchangeable one-for-one for cash or, at TPG’s election, Class A common stock, and Winkelried disclaims beneficial ownership of the indirect holdings beyond his pecuniary interest.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider WINKELRIED JON

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	TPG Partner Holdings, L.P. Units ^{F2, F1}	1,152	$0.00	$0.00
Grant/Award	TPG Partner Holdings, L.P. Units ^{F2, F1, F3, F4}	357	$0.00	$0.00
Grant/Award	TPG Partner Holdings, L.P. Units ^{F2, F1, F3, F4}	179	$0.00	$0.00

Holdings After Transaction: TPG Partner Holdings, L.P. Units — 11,552,294 shares (Direct); TPG Partner Holdings, L.P. Units — 4,025,525 shares (Indirect, By Personal Investment Vehicle); TPG Partner Holdings, L.P. Units — 2,011,528 shares (Indirect, By Family Trust)

Footnotes (4)

F1. On August 5, 2026, 1,688 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.
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.
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.
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: 1,688 units Direct TPH Units acquired: 1,152 units TPH Units via personal investment vehicle: 357 units +5 more

8 metrics

TPH Units allocated 1,688 units Additional TPG Partner Holdings, L.P. units automatically allocated on August 5, 2026

Direct TPH Units acquired 1,152 units Allocated to Winkelried’s direct holdings on August 5, 2026

TPH Units via personal investment vehicle 357 units Allocated indirectly through a personal investment vehicle on August 5, 2026

TPH Units via family trust 179 units Allocated indirectly through a family trust on August 5, 2026

Direct TPH Units after transaction 11,552,294 units Direct TPG Partner Holdings, L.P. units reported following the August 5, 2026 allocation

TPH Units via personal investment vehicle after 4,025,525 units Indirect holdings through a personal investment vehicle after the allocation

TPH Units via family trust after 2,011,528 units Indirect holdings through a family trust after the allocation

Votes per Class B share 10 votes per share Each share of Class B common stock carries ten votes and no economic rights

Key Terms

TPH Units, Amended and Restated Exchange Agreement, pecuniary interest, Rule 16a-1(a)(4)

4 terms

TPH Units financial

"1,688 additional units ("TPH Units") of TPG Partner Holdings, L.P."

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."

Rule 16a-1(a)(4) regulatory

"Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/07/2026 - 07:54 PM Accepted by SEC EDGAR 08/07/2026 - 07:53 PM

FAQ

What insider transaction did TPG (TPG) CEO Jon Winkelried report?

CEO Jon Winkelried reported an automatic allocation of 1,688 TPG Partner Holdings, L.P. units on August 5, 2026. The units were received at $0.00 per unit after forfeiture by a former partner, and are linked to TPG’s Class A common stock through an exchange agreement.

How many TPG Partner Holdings units did Winkelried receive and how are they held for TPG (TPG)?

Winkelried received 1,688 TPH Units in total: 1,152 units to his direct account, 357 units via a personal investment vehicle, and 179 units through a family trust. These amounts correspond to the former partner’s forfeited units reallocated under the partnership agreement.

What can TPG Partner Holdings (TPH) units be exchanged into for TPG (TPG)?

Each TPH Unit is ultimately exchangeable one-for-one for cash or, at TPG’s election, Class A common stock. On exchange, related TPG Operating Group II units convert to the same consideration and an equal number of Class B shares with ten votes each are cancelled for no additional consideration.

Were Winkelried’s TPG (TPG) Form 4 transactions made under a Rule 10b5-1 trading plan?

The transactions were not reported as being under a Rule 10b5-1 plan. The filing’s Rule 10b5-1 checkbox was not marked, and the footnotes describe automatic allocation under the partnership agreement rather than trades executed pursuant to a pre-arranged trading plan.

How did the August 5, 2026 allocation change Winkelried’s TPG Partner Holdings balances for TPG (TPG)?

After the allocation, Winkelried’s reported holdings included 11,552,294 TPH Units directly, 4,025,525 units via a personal investment vehicle and 2,011,528 units via a family trust. These balances reflect the additional 1,688 units allocated from the former partner’s forfeiture.

What beneficial ownership disclaimers did Winkelried include in his TPG (TPG) Form 4?

For securities held through related entities, Winkelried states he may be deemed to beneficially own them only to the extent of his direct or indirect pecuniary interest. He expressly disclaims beneficial ownership of any equity securities beyond that pecuniary interest under Exchange Act Rule 16a-1(a)(4).

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^*

WINKELRIED JON

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
TPG Partner Holdings, L.P. Units	⁽²⁾	08/05/2026		A⁽¹⁾		1,152		⁽²⁾	⁽²⁾	Class A Common Stock⁽²⁾	1,152	$0	11,552,294	D
TPG Partner Holdings, L.P. Units	⁽²⁾	08/05/2026		A⁽¹⁾		357		⁽²⁾	⁽²⁾	Class A Common Stock⁽²⁾	357	$0	4,025,525	I	By Personal Investment Vehicle⁽³⁾⁽⁴⁾
TPG Partner Holdings, L.P. Units	⁽²⁾	08/05/2026		A⁽¹⁾		179		⁽²⁾	⁽²⁾	Class A Common Stock⁽²⁾	179	$0	2,011,528	I	By Family Trust⁽³⁾⁽⁴⁾

Explanation of Responses:

1. On August 5, 2026, 1,688 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. Winkelried 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)

Source: View Original Filing on SEC EDGAR