TPG director granted 630 Partner Holdings units

Trujillo David reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Trujillo David reported acquisition or exercise transactions in this Form 4 filing.

TPG Inc. director David Trujillo was automatically allocated 630 additional TPG Partner Holdings, L.P. units on August 5, 2026, after a former partner forfeited those units under the partnership agreement. After this grant, he holds 6,582,823 such units. Under an exchange agreement, each unit is ultimately exchangeable for cash or, at TPG’s election, one share of Class A common stock, while an equal number of Class B shares with 10 votes but no economic rights are cancelled on exchange.

Insider Trade Summary

Grant/Award: 630 shares

Grant/Award 1 txn

Insider Trujillo David

Role Director

Type	Security	Shares	Price	Value
Grant/Award	TPG Partner Holdings, L.P. Units F2, F1	630	$0.00	$0.00

Holdings After Transaction: TPG Partner Holdings, L.P. Units — 6,582,823 contracts (Direct)

Footnotes (2)

1. F1. On August 5, 2026, 630 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.
2. F2. 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.

Key Figures

Units allocated: 630 TPG Partner Holdings, L.P. units Units held after transaction: 6,582,823 TPG Partner Holdings, L.P. units Reported transaction price: $0.0000 per unit +2 more

5 metrics

Units allocated 630 TPG Partner Holdings, L.P. units Automatic allocation on August 5, 2026 after forfeiture by a former partner

Units held after transaction 6,582,823 TPG Partner Holdings, L.P. units Direct holdings reported following the August 5, 2026 allocation

Reported transaction price $0.0000 per unit Grant/award acquisition of 630 Partner Holdings units

Underlying Class A shares 630 shares Each TPG Partner Holdings unit ultimately exchangeable 1-for-1 for Class A common stock or cash

Class B voting rights 10 votes per share Class B common stock carries voting rights only and is cancelled on exchange

Key Terms

TPG Partner Holdings, L.P. Units, Amended and Restated Exchange Agreement, Class B common stock, conversion rate adjustments, +1 more

5 terms

TPG Partner Holdings, L.P. Units financial

"630 additional units ("TPH Units") of TPG Partner Holdings, L.P. were allocated automatically"

Amended and Restated Exchange Agreement regulatory

"Pursuant to the Amended and Restated Exchange Agreement filed by TPG Inc."

Class B common stock financial

"an equal number of shares of Class B common stock of the Issuer will be automatically cancelled"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

conversion rate adjustments financial

"exchangeable for cash or shares of Class A common stock subject to customary conversion rate adjustments"

exchange consideration financial

"for the exchange consideration, and an equal number of shares of Class B common stock will be cancelled"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TPG (TPG) report for David Trujillo?

TPG reported that director David Trujillo was automatically allocated 630 TPG Partner Holdings, L.P. units on August 5, 2026, following the forfeiture of those units by a former partner under the partnership agreement.

How many TPG Partner Holdings units does David Trujillo hold after this Form 4?

After the August 5, 2026 allocation, David Trujillo holds 6,582,823 TPG Partner Holdings, L.P. units. These units are reported as directly owned derivative securities tied to TPG Inc.’s Class A common stock under an exchange agreement.

What are TPG Partner Holdings, L.P. units and how do they relate to TPG (TPG) Class A stock?

Each TPG Partner Holdings, L.P. unit is ultimately exchangeable for cash or, at TPG Inc.’s election, one share of Class A common stock, subject to customary conversion rate adjustments and transfer restrictions, under an Amended and Restated Exchange Agreement.

Was the 630-unit allocation to David Trujillo a market purchase of TPG (TPG) stock?

No. The filing describes the transaction as an automatic allocation of 630 TPG Partner Holdings, L.P. units upon forfeiture by a former partner, with a reported transaction price of $0.0000 per unit, rather than an open-market purchase.

How do TPG (TPG) Class B common shares factor into exchanges of TPG Partner Holdings units?

On exchange of TPG Partner Holdings units, an equal number of TPG Operating Group II units are exchanged for the consideration and an equal number of TPG Class B common shares are automatically cancelled. Each Class B share carries 10 votes but no economic rights.

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

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Available on EDGAR 08/07/2026 - 07:46 PM Accepted by SEC EDGAR 08/07/2026 - 07:46 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
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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^*

Trujillo David

(Last) (First) (Middle)

301 COMMERCE STREET, SUITE 3300

(Street)

FORT WORTH TEXAS 76102

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
TPG Partner Holdings, L.P. Units	(2)	08/05/2026		A(1)		630		(2)	(2)	Class A Common Stock(2)	630	$0	6,582,823	D

Explanation of Responses:

1. On August 5, 2026, 630 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.

2. 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.

Remarks:

(3) Jennifer Chu is signing on behalf of Mr. Trujillo pursuant to the power of attorney dated August 16, 2025, which was previously filed with the Commission.

	/s/ Jennifer L. Chu, as attorney-in-fact(3)	08/07/2026
	** 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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* Form 4: SEC 1474 (03-26)