TPG (NASDAQ: TPG) CAO gets RSU shares, covers taxes with stock units

Rhea-AI Filing Summary

TPG Inc. chief accounting officer Martin Davidson reported restricted stock unit (RSU) activity and related tax share withholding. On January 13, 2026, the company withheld 3,449 shares of Class A common stock at $66.03 per share to cover income taxes due when previously granted RSUs vested and settled. On the same date, he acquired 13,760 shares of Class A common stock at no cash cost upon RSU vesting, increasing his directly held stake to 48,172 Class A shares. The filing also notes additional RSUs that will vest over three- and four-year schedules.

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^*

Davidson Martin

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting 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)		3,449	D	$66.03	34,412	D
Class A Common Stock	01/13/2026		A		13,760(2)	A	(2)	48,172	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 3,449 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. 6,220 of the RSUs will vest in three equal installments on each of the first, second and third anniversaries of the date of grant. 7,540 of the RSUs will vest in four equal installments on each of the first, second, third and fourth anniversaries of the date of grant.

Remarks:

3. Jennifer Chu is signing on behalf of Mr. Davidson 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).
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FAQ

What insider transactions did TPG (TPG) report in this Form 4?

The Form 4 reports that chief accounting officer Martin Davidson had 3,449 Class A shares withheld to pay taxes on vested RSUs and acquired 13,760 Class A shares upon RSU vesting, all on January 13, 2026.

Why were 3,449 TPG Class A shares withheld from Martin Davidson?

TPG Inc. withheld 3,449 shares of Class A common stock from Martin Davidson to satisfy the tax liability arising from the vesting and settlement of previously granted restricted stock units.

How many TPG shares does Martin Davidson own after these transactions?

After the reported transactions, Martin Davidson beneficially owns 48,172 shares of TPG Class A common stock in direct ownership form.

What did Martin Davidson receive from RSU vesting at TPG?

On January 13, 2026, Martin Davidson acquired 13,760 shares of TPG Class A common stock at a price of $0.00 per share, reflecting shares delivered upon the vesting of restricted stock units.

What is the vesting schedule of Martin Davidson's TPG RSUs?

The filing states that 6,220 RSUs will vest in three equal installments on each of the first, second and third anniversaries of the grant date, and 7,540 RSUs will vest in four equal installments on each of the first, second, third and fourth anniversaries of the grant date.

What is Martin Davidson's role at TPG Inc.?

Martin Davidson is an officer of TPG Inc., serving as the chief accounting officer, and he filed this Form 4 as a single reporting person.