TPG (TPG) CFO gains 27,567 TPG Partner Holdings units via family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TPG Inc.'s chief financial officer, Jack Weingart, reported an indirect acquisition of additional partnership units linked to TPG. On February 11, 2026, 27,567 TPG Partner Holdings, L.P. units were automatically allocated to him under the partnership agreement following forfeiture by a former partner. These units are held indirectly through family trusts and increase his indirect derivative holdings to 4,120,385 units. Under an exchange agreement, these units can ultimately be exchanged for cash or, at TPG’s election, an equal number of Class A common shares, while a corresponding number of high-vote Class B shares would be cancelled.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weingart Jack
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | TPG Partner Holdings, L.P. Units | 27,567 | $0.00 | -- |
Holdings After Transaction:
TPG Partner Holdings, L.P. Units — 4,120,385 shares (Indirect, By Family Trusts)
Footnotes (1)
- On February 11, 2026, 27,567 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. 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. 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. 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 insider transaction did TPG (TPG) report in this Form 4 filing?
TPG reported that its CFO, Jack Weingart, indirectly acquired 27,567 TPG Partner Holdings, L.P. units. The units were automatically allocated after a former partner’s forfeiture, increasing his indirect derivative holdings to 4,120,385 units held through family trusts.
How many TPG Partner Holdings units does the TPG (TPG) CFO hold after this transaction?
After the transaction, family trusts associated with TPG’s CFO, Jack Weingart, indirectly hold 4,120,385 TPG Partner Holdings, L.P. units. This total reflects the addition of 27,567 units allocated on February 11, 2026, following the forfeiture of units by a former partner.
Did the TPG (TPG) CFO pay for the 27,567 units reported in the Form 4?
No cash was paid for the 27,567 units. They were allocated automatically under TPG Partner Holdings, L.P.’s limited partnership agreement after a former partner forfeited those units, and the Form 4 lists the derivative security price as $0 per unit.
How can the TPG Partner Holdings units reported by TPG (TPG) be exchanged?
The TPG Partner Holdings, L.P. units are ultimately exchangeable for cash or, at TPG Inc.’s election, for shares of its Class A common stock on a one-for-one basis, subject to customary adjustments and transfer restrictions under an amended and restated exchange agreement.
Does the TPG (TPG) CFO claim full beneficial ownership of the reported units?
The CFO may be deemed to beneficially own the units to the extent of his direct or indirect pecuniary interest. He expressly disclaims beneficial ownership of any securities beyond that pecuniary interest, consistent with Rule 16a-1(a)(4) under the Exchange Act.