Rhodes reports RSU award and tax withholding at TPG Inc. (NYSE: TPG)

Rhea-AI Filing Summary

TPG Inc. director Jeffrey K. Rhodes reported equity compensation-related transactions in Class A common stock on January 13, 2026. The company withheld 14,080 shares at $66.03 per share to cover tax liabilities triggered by the vesting and settlement of previously granted restricted stock units (RSUs), leaving him with 79,875 directly held shares after that withholding.

On the same date, he acquired 42,220 Class A shares at no cost upon RSU settlement, increasing his directly held position to 122,095 shares. Each RSU represents a contingent right to receive one Class A share, with one-third of the RSUs scheduled to vest on each of the first, second and third anniversaries of the 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

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.

FAQ

What insider activity did TPG (TPG) report for Jeffrey K. Rhodes?

The filing shows that director Jeffrey K. Rhodes had 14,080 Class A shares withheld to pay taxes on vested RSUs and separately acquired 42,220 Class A shares at no cost upon RSU settlement on January 13, 2026.

How many TPG Class A shares does Jeffrey K. Rhodes own after these transactions?

After the January 13, 2026 transactions, Jeffrey K. Rhodes directly owns 122,095 shares of TPG Inc. Class A common stock.

Why were 14,080 TPG shares withheld from Jeffrey K. Rhodes?

TPG Inc. withheld 14,080 Class A shares from Jeffrey K. Rhodes to cover the tax liability arising from the vesting and settlement of previously granted restricted stock units (RSUs).

What does the 42,220-share acquisition by Jeffrey K. Rhodes represent at TPG?

The 42,220 Class A shares acquired at a price of $0.00 per share reflect shares delivered upon settlement of RSUs that vested for Jeffrey K. Rhodes.

How do TPG RSUs for Jeffrey K. Rhodes vest over time?

The RSUs reported vest in three equal parts: 1/3 of the RSUs vests on each of the first, second, and third anniversaries of the grant date, with each vested RSU converting into one Class A share.

Is Jeffrey K. Rhodes a director or officer of TPG Inc.?

Jeffrey K. Rhodes is reported as a director of TPG Inc. and is not listed as an officer or 10% owner in this filing.