TPG Inc. director Kelvin L. Davis, through personal investment vehicles, indirectly acquired 70,788 additional TPG Partner Holdings, L.P. units on February 11, 2026 at a stated price of $0. These units were automatically allocated to him after forfeiture by a former partner under the partnership agreement.
Following this award, his indirect beneficial interest rose to 11,602,827 TPH units. Under an exchange agreement, each TPH unit is ultimately exchangeable for cash or, at TPG Inc.’s election, one share of Class A common stock, with related Operating Group units exchanged and an equal number of Class B shares cancelled. Davis disclaims beneficial ownership beyond his pecuniary interest.
Davidson Martin reported acquisition or exercise transactions in this Form 4 filing.
TPG Inc. Chief Accounting Officer Davidson Martin reported an automatic award of 3,514 additional TPG Partner Holdings, L.P. units on February 11, 2026. These units were reallocated to him after being forfeited by a former partner under the partnership agreement and were recorded at a price of $0 per unit.
Following this transaction, Martin directly beneficially owned 633,203 TPG Partner Holdings units. According to an existing exchange agreement, each unit can ultimately be exchanged for cash or, at TPG Inc.’s election, one share of Class A common stock, while a corresponding Class B share with voting but no economic rights is cancelled.
TPG Inc. Executive Chairman and 10% owner James G. Coulter reported an automatic acquisition of 210,464 additional TPG Partner Holdings, L.P. units on February 11, 2026. These derivative securities are held indirectly through personal investment vehicles and bring his reported beneficial interest in such units to 35,641,042.
Under an existing exchange agreement, each TPG Partner Holdings, L.P. unit is ultimately exchangeable for cash or, at TPG Inc.’s election, one share of its Class A common stock, subject to customary adjustments and transfer restrictions. Any such exchange also triggers a corresponding exchange of operating group units and cancellation of an equal number of Class B shares with ten votes per share and no economic rights.
Managed Account Advisors LLC has filed a Schedule 13G reporting beneficial ownership of 9,854,685 shares of TPG Inc. Class A common stock, representing 6.7% of the class. The firm reports no power to vote these shares but has sole dispositive power over 9,784,471 shares and shared dispositive power over 70,214 shares.
The ownership percentage is based on 146,498,655 outstanding shares reported by TPG Inc. as of October 31, 2025. Managed Account Advisors states the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of TPG Inc.
Wellington Management Group LLP and related entities report beneficial ownership of 9,266,397 TPG Inc. common shares. The filing shows no sole voting or dispositive power, with all authority shared across the Wellington entities and their investment adviser structure.
Clients of the Wellington investment advisers are the record owners of these shares and are entitled to dividends and sale proceeds. Wellington certifies the holdings are maintained in the ordinary course of business and not for the purpose of changing or influencing control of TPG Inc.
TPG Inc. filed a current report noting that it has released its financial results for the fourth quarter and full year ended December 31, 2025. The company furnished a summary press release and a detailed earnings presentation as Exhibits 99.1 and 99.2 to provide more information on these results.
The company specifies that the information in Item 2.02 and Exhibits 99.1 and 99.2 is being furnished, not filed, so it is not subject to liability under Section 18 of the Exchange Act and is not automatically incorporated by reference into other securities law filings.