[Form 4] TPG Inc. Insider Trading Activity
TPG Inc. director Raj Nehal was automatically allocated 20,899 additional TPH Units on 08/08/2025 after those units were forfeited by a former partner. Under an Amended and Restated Exchange Agreement filed November 2, 2023, those TPH Units are exchangeable one-for-one for cash or, at the issuer's election, shares of Class A common stock, subject to customary adjustments and transfer restrictions. The filing reports 3,408,198 underlying Class A shares beneficially owned following the transaction on an indirect basis through a personal investment vehicle; the reporting person disclaims ownership except to the extent of any pecuniary interest. The Form 4 was signed by Joann Harris as attorney-in-fact on 08/12/2025.
Il membro del consiglio di amministrazione di TPG Inc., Raj Nehal, ha ricevuto automaticamente 20,899 TPH Units aggiuntive il 08/08/2025 dopo che tali unit脿 sono state forfeited da un ex partner. In base a un Accordo di Scambio emendato e riformulato depositato il 2 novembre 2023, queste TPH Units sono convertibili uno a uno in contanti o, a scelta dell'emittente, in azioni ordinarie di Classe A, soggette a consuete rettifiche e restrizioni di trasferimento. La comunicazione riporta la detenzione indiretta, tramite un veicolo d'investimento personale, di 3,408,198 azioni ordinarie di Classe A a seguito della transazione; la persona segnalante disconosce la propriet脿 salvo per l'eventuale interesse pecuniario. Il Form 4 猫 stato firmato da Joann Harris in qualit脿 di procuratrice il 08/12/2025.
El director de TPG Inc., Raj Nehal, recibi贸 autom谩ticamente 20,899 unidades TPH adicionales el 08/08/2025 tras la renuncia de dichas unidades por parte de un antiguo socio. Seg煤n un Acuerdo de Intercambio enmendado y reformulado presentado el 2 de noviembre de 2023, esas unidades TPH son canjeables una a una por efectivo o, a elecci贸n del emisor, por acciones ordinarias Clase A, sujetas a los ajustes habituales y a restricciones de transferencia. La presentaci贸n informa la tenencia indirecta, a trav茅s de un veh铆culo de inversi贸n personal, de 3,408,198 acciones ordinarias Clase A tras la operaci贸n; la persona informante renuncia a la propiedad salvo en la medida de cualquier inter茅s pecuniario. El Formulario 4 fue firmado por Joann Harris como apoderada el 08/12/2025.
TPG Inc.鞚� 鞚挫偓 Raj Nehal鞚� 鞚挫爠 韺岉姼雱堦皜 韽赴頃� 雼渼搿� 鞚疙暣 20,899臧滌潣 於旉皜 TPH 鞙犽嫑鞚� 08/08/2025鞐� 鞛愲彊 氚办爼氚涭晿鞀惦媹雼�. 2023雲� 11鞗� 2鞚� 鞝滌稖霅� 靾橃爼路鞛瀾靹彪悳 甑愴櫂瓿勳暯靹滌棎 霐半ゴ氅�, 頃措嫻 TPH 鞙犽嫑鞚� 韱奠儊鞝侅澑 臁办爼 氚� 鞏戨弰 鞝滍暅鞚� 鞝侅毄鞚� 氚涭溂氅� 順勱笀 1雽�1 甑愴櫂 霕愲姅 氚滍枆鞚胳潣 靹犿儩鞐� 霐半ジ 韥措灅鞀� A 氤错喌欤� 1雽�1 甑愴櫂鞚� 臧�電ロ暕雼堧嫟. 鞝滌稖靹滊電� 臧滌澑 韴瀽靾橂嫧鞚� 韱淀暣 臧勳爲鞝侅溂搿� 鞚措矆 瓯半灅 頉� 3,408,198欤检潣 韥措灅鞀� A 氤错喌欤茧ゼ 氤挫湢頃橁碃 鞛堨潓鞚� 氤搓碃頃橂┌, 氤搓碃鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 氩旍渼毳� 鞝滌櫢頃橁碃電� 靻岇湢甓岇潉 攵�鞚疙暕雼堧嫟. Form 4電� Joann Harris臧� 雽�毽澑 鞛愱博鞙茧 08/12/2025鞐� 靹滊獏頄堨姷雼堧嫟.
Le membre du conseil d'administration de TPG Inc., Raj Nehal, s'est vu attribuer automatiquement 20,899 unit茅s TPH suppl茅mentaires le 08/08/2025 apr猫s que ces unit茅s ont 茅t茅 abandonn茅es par un ancien associ茅. Conform茅ment 脿 un Accord d'脡change modifi茅 et refondu d茅pos茅 le 2 novembre 2023, ces unit茅s TPH sont 茅changeables 脿 raison d'une pour une contre num茅raire ou, au choix de l'茅metteur, contre des actions ordinaires de Classe A, sous r茅serve des ajustements usuels et des restrictions de transfert. Le d茅p么t signale la d茅tention indirecte, via un v茅hicule d'investissement personnel, de 3,408,198 actions ordinaires de Classe A 脿 la suite de la transaction ; la personne d茅clarante d茅cline la propri茅t茅, sauf dans la mesure d'un 茅ventuel int茅r锚t p茅cuniaire. Le Form 4 a 茅t茅 sign茅 par Joann Harris en qualit茅 de mandataire le 08/12/2025.
Ein Direktor von TPG Inc., Raj Nehal, erhielt am 08/08/2025 automatisch zus盲tzliche 20,899 TPH-Einheiten, nachdem diese Einheiten von einem ehemaligen Partner verwirkt worden waren. Gem盲脽 einer am 2. November 2023 eingereichten ge盲nderten und neu gefassten Austauschvereinbarung sind diese TPH-Einheiten eins zu eins gegen Barzahlung oder nach Wahl des Emittenten gegen Aktien der Klasse A austauschbar, vorbehaltlich 眉blicher Anpassungen und 脺bertragungsbeschr盲nkungen. Die Meldung gibt an, dass nach der Transaktion indirekt 眉ber ein pers枚nliches Investmentvehikel 3,408,198 zugrundeliegende Klasse鈥慉鈥慉ktien wirtschaftlich gehalten werden; die meldende Person lehnt eine Eigent眉merschaft ab, au脽er in dem Umfang eines etwaigen pekuni盲ren Interesses. Das Form 4 wurde am 08/12/2025 von Joann Harris als Bevollm盲chtigte unterschrieben.
- Automatic allocation of 20,899 TPH Units recorded on 08/08/2025
- TPH Units are exchangeable one-for-one for cash or Class A common stock per the November 2, 2023 exchange agreement
- None.
Insights
TL;DR: Routine automatic allocation of 20,899 TPH Units increases indirect exposure to 3,408,198 underlying Class A shares; exchangeable for cash or stock.
The filing documents an automatic allocation (transaction code A) of 20,899 TPH Units on 08/08/2025, recorded at a reported price of $0. These units are governed by the issuer's November 2, 2023 exchange agreement, meaning they can be converted one-for-one into cash or Class A common shares at the issuer's election. The filing shows the reporting person holds 3,408,198 underlying Class A shares on an indirect basis after the allocation. This disclosure is descriptive of ownership changes rather than a market trade and is therefore informational for shareholder cap table and dilution monitoring.
TL;DR: Disclosure is standard: indirect ownership through a personal vehicle, a disclaimer of beneficial ownership, and a POA signature on the Form 4.
The Form 4 clarifies that the reported holdings are held indirectly through a personal investment vehicle and includes an explicit disclaimer limiting beneficial ownership to pecuniary interest. It also describes the exchange mechanics where corresponding Common Units and Class B common stock held by affiliated entities are adjusted or canceled upon exchange; the filing notes Class B shares carry ten votes but no economic rights. Signature was provided by Joann Harris under a power of attorney dated December 15, 2023, which was previously filed. The filing is a standard governance disclosure that documents allocations and exchange rights rather than a direct open-market acquisition or disposition.
Il membro del consiglio di amministrazione di TPG Inc., Raj Nehal, ha ricevuto automaticamente 20,899 TPH Units aggiuntive il 08/08/2025 dopo che tali unit脿 sono state forfeited da un ex partner. In base a un Accordo di Scambio emendato e riformulato depositato il 2 novembre 2023, queste TPH Units sono convertibili uno a uno in contanti o, a scelta dell'emittente, in azioni ordinarie di Classe A, soggette a consuete rettifiche e restrizioni di trasferimento. La comunicazione riporta la detenzione indiretta, tramite un veicolo d'investimento personale, di 3,408,198 azioni ordinarie di Classe A a seguito della transazione; la persona segnalante disconosce la propriet脿 salvo per l'eventuale interesse pecuniario. Il Form 4 猫 stato firmato da Joann Harris in qualit脿 di procuratrice il 08/12/2025.
El director de TPG Inc., Raj Nehal, recibi贸 autom谩ticamente 20,899 unidades TPH adicionales el 08/08/2025 tras la renuncia de dichas unidades por parte de un antiguo socio. Seg煤n un Acuerdo de Intercambio enmendado y reformulado presentado el 2 de noviembre de 2023, esas unidades TPH son canjeables una a una por efectivo o, a elecci贸n del emisor, por acciones ordinarias Clase A, sujetas a los ajustes habituales y a restricciones de transferencia. La presentaci贸n informa la tenencia indirecta, a trav茅s de un veh铆culo de inversi贸n personal, de 3,408,198 acciones ordinarias Clase A tras la operaci贸n; la persona informante renuncia a la propiedad salvo en la medida de cualquier inter茅s pecuniario. El Formulario 4 fue firmado por Joann Harris como apoderada el 08/12/2025.
TPG Inc.鞚� 鞚挫偓 Raj Nehal鞚� 鞚挫爠 韺岉姼雱堦皜 韽赴頃� 雼渼搿� 鞚疙暣 20,899臧滌潣 於旉皜 TPH 鞙犽嫑鞚� 08/08/2025鞐� 鞛愲彊 氚办爼氚涭晿鞀惦媹雼�. 2023雲� 11鞗� 2鞚� 鞝滌稖霅� 靾橃爼路鞛瀾靹彪悳 甑愴櫂瓿勳暯靹滌棎 霐半ゴ氅�, 頃措嫻 TPH 鞙犽嫑鞚� 韱奠儊鞝侅澑 臁办爼 氚� 鞏戨弰 鞝滍暅鞚� 鞝侅毄鞚� 氚涭溂氅� 順勱笀 1雽�1 甑愴櫂 霕愲姅 氚滍枆鞚胳潣 靹犿儩鞐� 霐半ジ 韥措灅鞀� A 氤错喌欤� 1雽�1 甑愴櫂鞚� 臧�電ロ暕雼堧嫟. 鞝滌稖靹滊電� 臧滌澑 韴瀽靾橂嫧鞚� 韱淀暣 臧勳爲鞝侅溂搿� 鞚措矆 瓯半灅 頉� 3,408,198欤检潣 韥措灅鞀� A 氤错喌欤茧ゼ 氤挫湢頃橁碃 鞛堨潓鞚� 氤搓碃頃橂┌, 氤搓碃鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 氩旍渼毳� 鞝滌櫢頃橁碃電� 靻岇湢甓岇潉 攵�鞚疙暕雼堧嫟. Form 4電� Joann Harris臧� 雽�毽澑 鞛愱博鞙茧 08/12/2025鞐� 靹滊獏頄堨姷雼堧嫟.
Le membre du conseil d'administration de TPG Inc., Raj Nehal, s'est vu attribuer automatiquement 20,899 unit茅s TPH suppl茅mentaires le 08/08/2025 apr猫s que ces unit茅s ont 茅t茅 abandonn茅es par un ancien associ茅. Conform茅ment 脿 un Accord d'脡change modifi茅 et refondu d茅pos茅 le 2 novembre 2023, ces unit茅s TPH sont 茅changeables 脿 raison d'une pour une contre num茅raire ou, au choix de l'茅metteur, contre des actions ordinaires de Classe A, sous r茅serve des ajustements usuels et des restrictions de transfert. Le d茅p么t signale la d茅tention indirecte, via un v茅hicule d'investissement personnel, de 3,408,198 actions ordinaires de Classe A 脿 la suite de la transaction ; la personne d茅clarante d茅cline la propri茅t茅, sauf dans la mesure d'un 茅ventuel int茅r锚t p茅cuniaire. Le Form 4 a 茅t茅 sign茅 par Joann Harris en qualit茅 de mandataire le 08/12/2025.
Ein Direktor von TPG Inc., Raj Nehal, erhielt am 08/08/2025 automatisch zus盲tzliche 20,899 TPH-Einheiten, nachdem diese Einheiten von einem ehemaligen Partner verwirkt worden waren. Gem盲脽 einer am 2. November 2023 eingereichten ge盲nderten und neu gefassten Austauschvereinbarung sind diese TPH-Einheiten eins zu eins gegen Barzahlung oder nach Wahl des Emittenten gegen Aktien der Klasse A austauschbar, vorbehaltlich 眉blicher Anpassungen und 脺bertragungsbeschr盲nkungen. Die Meldung gibt an, dass nach der Transaktion indirekt 眉ber ein pers枚nliches Investmentvehikel 3,408,198 zugrundeliegende Klasse鈥慉鈥慉ktien wirtschaftlich gehalten werden; die meldende Person lehnt eine Eigent眉merschaft ab, au脽er in dem Umfang eines etwaigen pekuni盲ren Interesses. Das Form 4 wurde am 08/12/2025 von Joann Harris als Bevollm盲chtigte unterschrieben.
FAQ
What did Raj Nehal acquire according to the Form 4 for TPG (TPG)?
How many underlying Class A shares does the filing show after the transaction for TPG?
Are the TPH Units exchangeable for TPG stock?
What ownership form is reported on the Form 4?
Who signed the Form 4 for Raj Nehal?
