TPG director Jeffrey Rhodes granted 42,220 RSUs

TPG Inc. director Jeffrey K. Rhodes reported equity compensation and related tax withholding.

Rhea-AI Filing Summary

TPG Inc. director Jeffrey K. Rhodes reported equity compensation and related tax withholding. On January 13, 2026, the company withheld 14,080 shares of Class A common stock at $66.03 per share to pay taxes on vesting restricted stock units. The same day he received a grant of 42,220 RSUs, each representing one Class A share, vesting in three equal annual installments. After these transactions, he directly holds 122,095 shares of Class A common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Rhodes Jeffrey K.

Role Director

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	14,080	$66.03	$930K
Grant/Award	Class A Common Stock	42,220	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 122,095 shares (Direct)

Footnotes (2)

1. F1. On January 13, 2026, TPG Inc. (the "Issuer") withheld 14,080 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") previously granted by the Issuer.
2. F2. Represents RSUs. Each RSU represents a contingent right to receive one share of Class A common stock. 1/3 of the RSUs will vest on each of the first, second and third anniversaries of the date of grant.

Key Figures

Tax-withheld shares: 14,080 shares Tax-withholding price: $66.03 per share RSUs granted: 42,220 RSUs +2 more

5 metrics

Tax-withheld shares 14,080 shares Shares of Class A common stock withheld on January 13, 2026 for RSU-related tax liability

Tax-withholding price $66.03 per share Per-share value applied to the 14,080 withheld shares of Class A common stock

RSUs granted 42,220 RSUs Grant/award of restricted stock units tied to Class A common stock on January 13, 2026

Post-transaction holdings 122,095 shares Direct holdings of TPG Class A common stock after the reported transactions

RSU vesting schedule 1/3 annually over three years One-third of the RSUs vest on each of the first, second and third anniversaries

Key Terms

restricted stock units ("RSUs"), Class A common stock, tax liability incident to the vesting and settlement

3 terms

restricted stock units ("RSUs") financial

"Represents RSUs. Each RSU represents a contingent right to receive one share"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Class A common stock financial

"14,080 shares of Class A common stock of the Issuer were withheld"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

tax liability incident to the vesting and settlement financial

"for payment of the tax liability incident to the vesting and settlement of RSUs"

FAQ

What insider transactions did TPG (TPG) director Jeffrey K. Rhodes report?

Jeffrey K. Rhodes reported two equity-related transactions at TPG. The company withheld 14,080 shares of Class A stock for taxes tied to RSU vesting and granted him 42,220 restricted stock units (RSUs) that convert into Class A shares over time.

How many TPG (TPG) shares were withheld for Jeffrey Rhodes taxes and at what price?

TPG withheld 14,080 shares of Class A common stock from Jeffrey Rhodes at $66.03 per share. These shares were delivered to the issuer to satisfy the tax liability incident to the vesting and settlement of previously granted RSUs.

What RSU grant did TPG (TPG) award Jeffrey Rhodes and how do they vest?

Jeffrey Rhodes received a grant of 42,220 restricted stock units (RSUs) tied to TPG Class A stock. Each RSU represents a right to one share, and one-third vests on each of the first, second and third anniversaries of the grant date.

How many TPG (TPG) Class A shares does Jeffrey Rhodes hold after these transactions?

After the reported transactions, Jeffrey Rhodes directly holds 122,095 shares of TPG Class A common stock. This balance reflects his post-transaction holdings after both the tax-withholding share delivery and the new RSU grant recorded in the filing.

Was Jeffrey Rhodes TPG (TPG) tax withholding treated as a market sale?

The event is recorded as an F-code tax-withholding disposition, not a regular market sale. TPG withheld 14,080 shares of Class A stock from Rhodes to pay RSU-related taxes, using a $66.03 per-share value to determine the withheld amount.

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

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Accepted by SEC EDGAR 01/15/2026 - 08:37 PM Learn about SEC filing dates

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^*

Rhodes Jeffrey K.

(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)
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)		14,080	D	$66.03	79,875	D
Class A Common Stock	01/13/2026		A		42,220	A	(2)	122,095	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 14,080 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") previously granted by the Issuer.

2. Represents RSUs. Each RSU represents a contingent right to receive one share of Class A common stock. 1/3 of the RSUs will vest on each of the first, second and third anniversaries of the date of grant.

Remarks:

3. Jennifer Chu is signing on behalf of Mr. Rhodes 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.
* 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.