TPG Inc. (TPG) director Trujillo reports RSU tax withholding and grants

Rhea-AI Filing Summary

TPG Inc. director David Trujillo reported routine share movements tied to restricted stock units on January 13, 2026. The company withheld 16,148 shares of Class A common stock at $66.03 per share to cover tax liabilities from the vesting and settlement of previously granted RSUs, leaving him with 150,681 shares directly owned after that step. On the same date, he acquired 94,995 shares of Class A common stock, recorded at a price of $0.00 per share in connection with RSU settlement, bringing his directly owned holdings to 245,676 shares.

The filing notes these positions reflect RSUs, each representing a contingent right to receive one Class A share. Of the RSUs, 42,220 are scheduled to vest in three equal installments on the first, second and third anniversaries of the grant date, and 52,775 will vest in four equal installments on the first through fourth anniversaries.

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^*

Trujillo David

(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)		16,148	D	$66.03	150,681	D
Class A Common Stock	01/13/2026		A		94,995	A	(2)	245,676	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 16,148 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. 42,220 of the RSUs will vest in three equal installments on each of the first, second and third anniversaries of the date of grant. 52,775 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. Trujillo 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.
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FAQ

What insider transactions did TPG (TPG) director David Trujillo report?

David Trujillo reported two Class A common stock transactions on January 13, 2026: the issuer withheld 16,148 shares to cover tax liabilities from RSU vesting, and he acquired 94,995 shares of Class A common stock in connection with restricted stock units.

How many TPG (TPG) shares does David Trujillo own after these Form 4 transactions?

Following the 16,148-share tax withholding transaction, David Trujillo held 150,681 shares of TPG Inc. Class A common stock directly. After the 94,995-share RSU-related acquisition, his directly owned holdings increased to 245,676 shares.

Why did TPG Inc. withhold 16,148 shares from David Trujillo?

TPG Inc. withheld 16,148 shares of Class A common stock from David Trujillo to pay the tax liability arising from the vesting and settlement of restricted stock units previously granted by the company, as described in the footnotes.

What are the vesting terms of David Trujillo’s TPG RSUs disclosed in this filing?

The filing states that the reported holdings include RSUs where each unit represents a right to receive one Class A share. 42,220 RSUs will vest in three equal installments on the first, second and third anniversaries of the grant date, and 52,775 RSUs will vest in four equal installments on the first, second, third and fourth anniversaries.

Are David Trujillo’s TPG Form 4 transactions direct or indirect holdings?

The reported transactions for 16,148 shares withheld and 94,995 shares acquired are shown as direct (D) ownership of TPG Inc. Class A common stock, with no separate nature of indirect beneficial ownership indicated.

Does the TPG (TPG) Form 4 indicate these insider trades were related to tax or compensation?

Yes. The footnotes explain that 16,148 shares were withheld to pay tax liabilities from RSU vesting, and the 94,995-share acquisition is tied to restricted stock units that represent rights to receive one share of Class A common stock per unit.