TRTX president has shares withheld for tax on vesting

TPG RE Finance Trust, Inc. President Matthew Coleman reported routine equity compensation-related activity.

Rhea-AI Filing Summary

TPG RE Finance Trust, Inc. President Matthew Coleman reported routine equity compensation-related activity. On June 30, 2026, the issuer withheld 34,696 shares of common stock at $8.46 per share to cover Mr. Coleman's tax liability tied to vesting awards under the 2017 and 2025 Equity Incentive Plans. This withholding reduced his directly held common stock to 326,961 shares, while additional shares are held indirectly through a trust he controls and custodial accounts for his minor children, with beneficial ownership of the custodial shares disclaimed.

Insider Trade Summary

Exercise Price or Tax Liability: 34,696 shares

Exercise Price or Tax Liability 5 txns

Insider Coleman Matthew

Role President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	34,696	$8.46	$294K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 326,961 shares (Direct); Common Stock — 8,489 shares (Indirect, See Explanation of Responses)

Footnotes (5)

1. F1. On June 30, 2026, TPG RE Finance Trust, Inc. (the "Issuer") withheld 34,696 shares of common stock ("Common Stock") of the Issuer from Mr. Matthew Coleman for payment of the tax liability incident to the vesting of shares of Common Stock granted by the Issuer pursuant to the terms of the Issuer's (i) 2017 Equity Incentive Plan and (ii) 2025 Equity Incentive Plan.
2. F2. 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. F3. Held through a trust controlled by Mr. Coleman.
4. F4. 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. F5. 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.

Key Figures

Shares withheld for taxes: 34,696 shares Withholding price per share: $8.46/share Direct shares after transaction: 326,961 shares +4 more

7 metrics

Shares withheld for taxes 34,696 shares Tax liability from vesting awards on June 30, 2026

Withholding price per share $8.46/share Value applied to 34,696 withheld shares

Direct shares after transaction 326,961 shares Common stock held directly by Matthew Coleman after June 30, 2026

Trust-held indirect shares 5,316 shares Common stock held through a trust controlled by Mr. Coleman

Minor child indirect holding 1 3,079 shares Custodial UTMA account; beneficial ownership disclaimed

Minor child indirect holding 2 55 shares Custodial UTMA account; beneficial ownership disclaimed

Additional indirect holding 39 shares Indirect common stock position reported as of June 30, 2026

Key Terms

Equity Incentive Plan, tax liability, Uniform Transfers to Minors Act, disclaims beneficial ownership, +1 more

5 terms

Equity Incentive Plan financial

"granted by the Issuer pursuant to the terms of the Issuer's (i) 2017 Equity Incentive Plan and (ii) 2025 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

tax liability financial

"withheld 34,696 shares of common stock ... for payment of the tax liability incident to the vesting of shares"

Uniform Transfers to Minors Act regulatory

"Held for a minor child of Mr. Coleman through a custodial account under the Uniform Transfers to Minors Act."

disclaims beneficial ownership financial

"Mr. Coleman disclaims beneficial ownership of these securities."

withheld financial

"the Issuer withheld 34,696 shares of common stock ... for payment of the tax liability"

FAQ

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

What insider transaction did TRTX President Matthew Coleman report?

Matthew Coleman reported shares withheld for taxes, not an open-market trade. The company withheld 34,696 TRTX common shares to satisfy his tax liability from vesting equity awards, a standard mechanism for handling compensation-related tax obligations.

How many TRTX shares were withheld for Matthew Coleman’s taxes?

The issuer withheld 34,696 TRTX common shares for Matthew Coleman’s tax liability. These shares were valued at $8.46 per share and relate to vesting stock granted under the 2017 and 2025 Equity Incentive Plans maintained by the company.

How many TRTX shares does Matthew Coleman hold directly after this filing?

After the tax withholding, Matthew Coleman directly holds 326,961 TRTX common shares. This figure reflects his position following the 34,696-share withholding used to cover income taxes arising from vesting equity awards granted by TPG RE Finance Trust, Inc.

What equity plans are involved in Matthew Coleman’s TRTX share withholding?

The tax withholding relates to awards under TRTX’s 2017 Equity Incentive Plan and 2025 Equity Incentive Plan. Shares granted pursuant to these plans vested, creating a tax liability, and 34,696 shares were withheld by the issuer to satisfy that obligation.

Does Matthew Coleman have indirect holdings of TRTX common stock?

Yes, Matthew Coleman has indirect TRTX holdings through a trust he controls and custodial accounts for minor children. Some indirect positions are held under the Uniform Transfers to Minors Act, for which he expressly disclaims beneficial ownership of the custodial account securities.

Is Matthew Coleman’s TRTX Form 4 transaction a market sale of shares?

No, the Form 4 reflects shares withheld for taxes, not a market sale. The code F transaction documents 34,696 shares delivered back to the issuer to pay tax liabilities associated with vesting stock awards granted as part of his compensation.

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

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Accepted by SEC EDGAR 07/02/2026 - 04:15 PM EDT 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
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 NEW YORK 10106

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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
Common Stock	06/30/2026		F(1)		34,696	D	$8.46	326,961	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. On June 30, 2026, TPG RE Finance Trust, Inc. (the "Issuer") withheld 34,696 shares of common stock ("Common Stock") of the Issuer from Mr. Matthew Coleman for payment of the tax liability incident to the vesting of shares of Common Stock granted by the Issuer pursuant to the terms of the Issuer's (i) 2017 Equity Incentive Plan and (ii) 2025 Equity Incentive Plan.

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	07/02/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)