TPG RE Finance Trust (NYSE: TRTX) executive shares withheld to cover equity award taxes

Rhea-AI Filing Summary

TPG RE Finance Trust, Inc. executive Brandon C. Fox had shares withheld to cover taxes on equity compensation. On June 30, 2026, the company withheld 9,011 shares of common stock at $8.46 per share to pay the tax liability from vesting awards under its 2017 and 2025 Equity Incentive Plans. After this tax-withholding disposition, Fox directly held 87,577 shares of common stock. This event reflects routine settlement of taxes on vested stock rather than an open-market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fox Brandon C

Role See Remark (A)

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	9,011	$8.46	$76K

Holdings After Transaction: Common Stock — 87,577 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 9,011 shares Withholding price per share: $8.46 per share Shares held after transaction: 87,577 shares +2 more

5 metrics

Shares withheld for taxes 9,011 shares Withheld on June 30, 2026 to cover tax liability

Withholding price per share $8.46 per share Value assigned to shares used for tax withholding

Shares held after transaction 87,577 shares Direct common stock position following June 30, 2026 disposition

Transaction code F Payment of tax liability by delivering securities

Tax-withholding shares 9,011 shares Count classified as tax withholding in transaction summary

Key Terms

tax liability, Equity Incentive Plan, Common Stock, tax-withholding disposition

4 terms

tax liability financial

"for payment of the tax liability incident to the vesting of shares"

Equity Incentive Plan financial

"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.

Common Stock financial

"withheld 9,011 shares of common stock ("Common Stock") of the Issuer"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:16 PM Accepted by SEC EDGAR 07/02/2026 - 04:15 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
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^*

Fox Brandon C

(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)
	See Remark (A)

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)		9,011	D	$8.46	87,577	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 June 30, 2026, TPG RE Finance Trust, Inc. (the "Issuer") withheld 9,011 shares of common stock ("Common Stock") of the Issuer from Mr. Brandon C. Fox 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.

Remarks:

(A) Interim Chief Financial Officer and Chief Accounting Officer. (B) Matthew Coleman is signing on behalf of Mr. Fox pursuant to the power of attorney dated January 28, 2022, which was previously filed with the Securities and Exchange Commission.

	/s/ Matthew Coleman, By: Matthew Coleman, on behalf of Brandon C. Fox (B)	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)

FAQ

What insider transaction did TRTX executive Brandon C. Fox report on June 30, 2026?

Brandon C. Fox reported a tax-withholding disposition on June 30, 2026. TPG RE Finance Trust, Inc. withheld shares of common stock to cover taxes due on vested equity awards, rather than executing an open-market sale or purchase of shares.

How many TRTX shares were withheld from Brandon C. Fox and at what price?

The company withheld 9,011 shares of TRTX common stock from Brandon C. Fox at $8.46 per share. These shares were applied toward his tax liability arising from the vesting of company stock granted under equity incentive plans.

How many TRTX shares does Brandon C. Fox hold after this Form 4 transaction?

After the June 30, 2026 tax-withholding disposition, Brandon C. Fox directly holds 87,577 shares of TPG RE Finance Trust, Inc. common stock. This figure reflects his remaining position following the shares withheld to satisfy tax obligations on vested equity awards.

Was the June 30, 2026 TRTX insider transaction an open-market sale or purchase?

The June 30, 2026 transaction was not an open-market trade. It was a tax-withholding disposition, where TPG RE Finance Trust, Inc. withheld shares from Brandon C. Fox to pay taxes owed on vesting common stock grants under its equity incentive plans.

What equity plans were involved in Brandon C. Fox’s TRTX tax-withholding transaction?

The tax-withholding related to common stock granted under TPG RE Finance Trust, Inc.’s 2017 Equity Incentive Plan and 2025 Equity Incentive Plan. Shares vested under these plans, and 9,011 shares were withheld from Brandon C. Fox to satisfy the resulting tax liability.