TPG (TPG) insider reports 136,000-share Class A stock gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TPG Inc. (TPG) filed a Form 4 showing that a director made a bona fide gift of 136,000 shares of Class A common stock to a charitable organization, with no payment or other consideration received. The gifted shares were held through a personal investment vehicle reported as indirect ownership.
After this transaction, the reporting person holds 1,998,362 Class A shares directly and 336,712 Class A shares indirectly through a personal investment vehicle. The filing explains that the reporting person may be deemed to beneficially own the indirect holdings only to the extent of any pecuniary interest and expressly disclaims beneficial ownership beyond that interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
136,000 shares gifted
Mixed
2 txns
Insider
Raj Nehal
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 136,000 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 336,712 shares (Indirect, By Personal Investment Vehicle);
Class A Common Stock — 1,998,362 shares (Direct)
Footnotes (1)
- Represents a bona fide gift of shares of Class A common stock of TPG Inc. to a charitable organization for which no payment or consideration was received by the Reporting Person. Because of the relationship between the Reporting Person and the entity 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. 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.
FAQ
What did the TPG (TPG) insider report on this Form 4?
The Form 4 reports that a TPG Inc. director made a bona fide gift of 136,000 shares of Class A common stock to a charitable organization, receiving no payment or consideration.
What does indirect beneficial ownership mean in this TPG Form 4?
The indirect holdings are owned through a personal investment vehicle. The Form 4 notes the reporting person may be deemed to beneficially own these securities only to the extent of any direct or indirect pecuniary interest.