TPG RE Finance Trust (NYSE: TRTX) president receives major share award

Rhea-AI Filing Summary

TPG RE Finance Trust, Inc. reported that its president, Matthew Coleman, received an award of 56,597 shares of common stock on 12/24/2025. The filing states that these shares will vest in four equal annual installments beginning on June 30, 2026, meaning Mr. Coleman will gain full ownership over time rather than all at once.

After this grant, Mr. Coleman beneficially owns 361,657 shares of common stock directly. He also has additional indirect holdings, including shares awarded through the company’s external manager and shares held in a trust he controls, as well as custodian accounts for minor children where he disclaims beneficial ownership.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Coleman Matthew

Role President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	56,597	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 361,657 shares (Direct); Common Stock — 5,316 shares (Indirect, See Explanation of Responses)

Footnotes (1)

1. The shares of common stock ("Common Stock") of TPG RE Finance Trust, Inc. (the "Issuer") awarded to Mr. Matthew Coleman will vest ratably in four annual installments beginning on June 30, 2026. Represents shares of Common Stock that have been awarded by TPG RE Finance Trust Management, L.P. (the "Manager"), the external manager of the Issuer, to Mr. Coleman in accordance with the terms of a compensatory plan adopted by the Manager. Upon vesting, the shares of Common Stock will be delivered to Mr. Coleman. Held through a trust controlled by Mr. Coleman. Held for a minor child of Mr. Coleman through a custodial account under the Uniform Transfers to Minors Act. Mr. Coleman disclaims beneficial ownership of these securities. Held for a minor child of Mr. Coleman through a custodial account under the Uniform Transfers to Minors Act. Mr. Coleman disclaims beneficial ownership of these securities.

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Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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^*

Coleman Matthew

(Last) (First) (Middle)

C/O TPG RE FINANCE TRUST, INC.

888 SEVENTH AVENUE, 35TH FLOOR

(Street)

NEW YORK NY 10106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TPG RE Finance Trust, Inc. [ TRTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
12/24/2025

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
Common Stock(1)	12/24/2025		A		56,597	A	$0	361,657	D
Common Stock								5,316	I	See Explanation of Responses(2)
Common Stock								3,079	I	See Explanation of Responses(3)
Common Stock								55	I	See Explanation of Responses(4)
Common Stock								39	I	See Explanation of Responses(5)

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. The shares of common stock ("Common Stock") of TPG RE Finance Trust, Inc. (the "Issuer") awarded to Mr. Matthew Coleman will vest ratably in four annual installments beginning on June 30, 2026.

2. Represents shares of Common Stock that have been awarded by TPG RE Finance Trust Management, L.P. (the "Manager"), the external manager of the Issuer, to Mr. Coleman in accordance with the terms of a compensatory plan adopted by the Manager. Upon vesting, the shares of Common Stock will be delivered to Mr. Coleman.

3. Held through a trust controlled by Mr. Coleman.

4. Held for a minor child of Mr. Coleman through a custodial account under the Uniform Transfers to Minors Act. Mr. Coleman disclaims beneficial ownership of these securities.

5. Held for a minor child of Mr. Coleman through a custodial account under the Uniform Transfers to Minors Act. Mr. Coleman disclaims beneficial ownership of these securities.

	/s/ Matthew Coleman, By: Matthew Coleman	12/29/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did TRTX report for Matthew Coleman?

The company reported that president Matthew Coleman received an award of 56,597 shares of TPG RE Finance Trust, Inc. common stock on 12/24/2025.

What is the vesting schedule for Matthew Coleman’s new TRTX share award?

The 56,597 common shares awarded to Mr. Coleman will vest ratably in four annual installments beginning on June 30, 2026.

How many TRTX shares does Matthew Coleman own after this transaction?

Following the reported transaction, Mr. Coleman beneficially owns 361,657 shares of TPG RE Finance Trust common stock directly.

Does Matthew Coleman have indirect holdings of TRTX stock?

Yes. The filing notes additional indirect holdings, including shares awarded by the external manager, shares held through a trust he controls, and shares held in custodial accounts for minor children.

What role does Matthew Coleman hold at TPG RE Finance Trust, Inc. (TRTX)?

Matthew Coleman is reported as an officer of TPG RE Finance Trust, Inc., serving in the role of President.

Were the awarded TRTX shares purchased for cash by Matthew Coleman?

The filing lists the 56,597 awarded shares at a price of $0 per share, indicating they were granted as equity compensation rather than bought in the market.