[Form 4] TPG Inc. Insider Trading Activity
James G. Coulter was allocated 196,189 additional units of TPG Partner Holdings, L.P. on 08/08/2025 after those units were forfeited by a former partner. Those units ("TPH Units") are exchangeable under TPG Inc.'s amended exchange agreement for cash or, at the issuer's election, one share of Class A common stock per unit, subject to customary adjustments and transfer restrictions. The filing shows 35,415,703 shares of Class A common stock as the number of shares underlying derivative holdings following the transaction, held indirectly through personal investment vehicles.
The report explains that upon an exchange of TPH Units, corresponding common units held by Group Holdings are exchanged for the exchange consideration and an equal number of Class B common shares held by Group Holdings will be cancelled for no additional consideration. The reporting person disclaims beneficial ownership except to the extent of any pecuniary interest and files this disclosure under Rule 16 reporting requirements.
James G. Coulter 猫 stato assegnato 196,189 unit脿 aggiuntive di TPG Partner Holdings, L.P. l'08/08/2025, dopo che tali unit脿 erano state perdute da un ex socio. Quelle unit脿 (TPH Units) sono convertibili, ai sensi del contratto di scambio modificato di TPG Inc., in contanti oppure, a scelta dell'emittente, in una azione di Classe A per unit脿, soggette a consueti aggiustamenti e a restrizioni di trasferimento. La comunicazione indica 35,415,703 azioni di Classe A come numero di azioni sottostanti le posizioni derivative a seguito della transazione, detenute indirettamente tramite veicoli d'investimento personali.
Il rapporto spiega che, in caso di scambio delle TPH Units, le corrispondenti common units detenute da Group Holdings vengono convertite nella controparte di scambio e un pari numero di azioni di Classe B detenute da Group Holdings sar脿 cancellato senza alcun corrispettivo aggiuntivo. La persona che presenta la comunicazione dichiara di non rivendicare la titolarit脿 beneficiaria, salvo per l'interesse pecuniario, e presenta questa informativa ai sensi degli obblighi di segnalazione della Regola 16.
James G. Coulter recibi贸 la asignaci贸n de 196,189 unidades adicionales de TPG Partner Holdings, L.P. el 08/08/2025, tras la p茅rdida de dichas unidades por parte de un socio anterior. Esas unidades (TPH Units) son canjeables, en virtud del acuerdo de intercambio enmendado de TPG Inc., por efectivo o, a elecci贸n del emisor, por una acci贸n de Clase A por unidad, sujetas a ajustes habituales y a restricciones de transferencia. La presentaci贸n indica 35,415,703 acciones de Clase A como n煤mero de acciones subyacentes a las participaciones derivadas tras la transacci贸n, mantenidas de forma indirecta a trav茅s de veh铆culos de inversi贸n personales.
El informe explica que, al canjear las TPH Units, las unidades comunes correspondientes en poder de Group Holdings se canjear谩n por la contraprestaci贸n del canje y un n煤mero igual de acciones comunes de Clase B en poder de Group Holdings ser谩 cancelado sin contraprestaci贸n adicional. La persona informante renuncia a reclamar la propiedad beneficiaria, salvo en la medida de cualquier inter茅s pecuniario, y presenta esta divulgaci贸n conforme a los requisitos de presentaci贸n de la Regla 16.
James G. Coulter電� 2025-08-08鞐� 鞝� 韺岉姼雱堦皜 靸侅嫟頃� 頉� 於旉皜搿� 196,189 雼渼毳� TPG Partner Holdings, L.P.搿滊秬韯� 氚办爼氚涭晿鞀惦媹雼�. 頃措嫻 雼渼霌�(TPH Units)鞚� TPG Inc.鞚� 靾橃爼霅� 甑愴櫂瓿勳暯鞐� 霐半澕 順勱笀鞙茧 霕愲姅 氚滍枆鞚胳潣 靹犿儩鞐� 霐半澕 雼渼雼� 韥措灅鞀� A 氤错喌欤� 1欤茧 甑愴櫂霅� 靾� 鞛堨溂氅�, 鞚茧皹鞝侅澑 臁办爼 氚� 鞏戨弰 鞝滍暅鞚� 鞝侅毄鞚� 氚涭姷雼堧嫟. 氤搓碃靹滌棎電� 瓯半灅 頉� 韺岇儩 氤挫湢鞚� 旮办磮臧� 霅橂姅 韥措灅鞀� A 氤错喌欤� 靾橂ゼ 35,415,703欤茧 旮办灛頃橁碃 鞛堨溂氅�, 鞚措姅 臧滌澑 韴瀽 靾橂嫧鞚� 韱淀暣 臧勳爲鞝侅溂搿� 氤挫湢霅橁碃 鞛堨姷雼堧嫟.
氤搓碃靹滊姅 TPH Units臧� 甑愴櫂霅� 瓴届毎 Group Holdings臧� 氤挫湢頃� 頃措嫻頃橂姅 氤错喌 鞙犽嫑鞚� 甑愴櫂 雽�臧�搿� 鞝勴櫂霅橁碃, Group Holdings臧� 氤挫湢頃� 霃欖澕 靾橃潣 韥措灅鞀� B 氤错喌欤缄皜 於旉皜 雽�臧� 鞐嗢澊 旆唽霅滊嫟瓿� 靹る獏頃╇媹雼�. 氤搓碃鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 氩旍渼毳� 鞝滌櫢頃橁碃 鞁れ鞝� 靻岇湢甓岇潉 攵�鞚疙晿氅�, 鞚� 瓿奠嫓電� 攴滌箼 16鞚� 氤搓碃 鞖旉贝鞐� 霐半澕 鞝滌稖霅橃棃鞀惦媹雼�.
James G. Coulter s'est vu attribuer 196,189 unit茅s suppl茅mentaires de TPG Partner Holdings, L.P. le 08/08/2025, apr猫s que ces unit茅s ont 茅t茅 perdues par un ancien associ茅. Ces unit茅s (TPH Units) sont 茅changeables en vertu de l'accord d'茅change modifi茅 de TPG Inc. contre de l'argent ou, au choix de l'茅metteur, contre une action de classe A par unit茅, sous r茅serve d'ajustements usuels et de restrictions de transfert. Le d茅p么t indique 35,415,703 actions de classe A comme nombre d'actions sous-jacentes aux participations d茅riv茅es 脿 la suite de la transaction, d茅tenues indirectement par le biais de v茅hicules d'investissement personnels.
Le rapport explique que, lors d'un 茅change de TPH Units, les unit茅s ordinaires correspondantes d茅tenues par Group Holdings sont 茅chang茅es contre la contrepartie d'茅change et qu'un nombre 茅gal d'actions ordinaires de classe B d茅tenues par Group Holdings sera annul茅 sans contrepartie suppl茅mentaire. La personne d茅clarante d茅cline la qualit茅 de propri茅taire b茅n茅ficiaire, sauf dans la mesure d'un int茅r锚t p茅cuniaire, et d茅pose cette divulgation conform茅ment aux obligations de d茅claration de la R猫gle 16.
James G. Coulter wurden am 08.08.2025 weitere 196,189 Einheiten von TPG Partner Holdings, L.P. zugeteilt, nachdem diese Einheiten von einem ehemaligen Partner verwirkt worden waren. Diese Einheiten (TPH Units) sind gem盲脽 der ge盲nderten Austauschvereinbarung von TPG Inc. gegen Barzahlung oder 鈥� nach Wahl des Emittenten 鈥� gegen je eine Aktie der Klasse A pro Einheit umtauschbar, vorbehaltlich 眉blicher Anpassungen und 脺bertragungsbeschr盲nkungen. Die Meldung weist 35,415,703 Aktien der Klasse A als Anzahl der nach der Transaktion den derivativen Beteiligungen zugrunde liegenden Aktien aus, welche indirekt 眉ber pers枚nliche Investmentvehikel gehalten werden.
Der Bericht erl盲utert, dass bei einem Umtausch der TPH Units die entsprechenden Common Units, die von Group Holdings gehalten werden, gegen die Austauschgegenleistung umgetauscht werden und eine gleiche Anzahl von Class-B-Stammaktien, die von Group Holdings gehalten werden, ohne weitere Gegenleistung annulliert wird. Die meldende Person bestreitet das wirtschaftliche Eigentum, au脽er insoweit sie ein pecuni盲res Interesse hat, und reicht diese Offenlegung gem盲脽 den Meldepflichten der Regel 16 ein.
- 196,189 TPH Units were allocated automatically to the reporting person, increasing potential economic exposure.
- TPH Units are exchangeable one-for-one for cash or Class A common stock under the issuer's exchange agreement, preserving convertibility value.
- The filing discloses indirect ownership through personal investment vehicles and includes standard disclaimers, providing transparency under Section 16 reporting.
- Upon exchange, an equal number of Class B common shares held by Group Holdings will be cancelled for no additional consideration, which affects voting rights tied to those shares.
- The reporting person disclaims beneficial ownership
Insights
Routine insider allocation increases convertible economic exposure but appears non-cash and administrative in nature.
The automatic allocation of 196,189 TPH Units increases the reporting person's potential economic exposure because those units are exchangeable one-for-one for cash or Class A shares under the issuer's exchange agreement. The transaction was effectuated by forfeiture from a former partner and not by an open-market purchase or sale, suggesting a non-cash, internal reallocation. Reporting describes indirect ownership through personal investment vehicles and includes a disclaimer limiting asserted beneficial ownership to pecuniary interest, which constrains interpretation of control changes. Overall this is a routine internal allocation with limited immediate market impact.
Allocation affects potential governance structure because Class B shares are cancelled on exchange, though economic rights shift to Class A equivalents.
The filing notes that on exchange an equal number of Class B common shares held by Group Holdings will be cancelled for no additional consideration; Class B shares carry ten votes each but no economic rights. That mechanism can alter the balance between economic exposure and voting power if TPH Units are exchanged, with economic value moving to Class A while corresponding high-vote Class B shares are removed. The reporting person's disclaimer and indirect ownership via investment vehicles complicate a clear assessment of control, making this disclosure important for governance monitoring but not necessarily immediately material to valuation.
James G. Coulter 猫 stato assegnato 196,189 unit脿 aggiuntive di TPG Partner Holdings, L.P. l'08/08/2025, dopo che tali unit脿 erano state perdute da un ex socio. Quelle unit脿 (TPH Units) sono convertibili, ai sensi del contratto di scambio modificato di TPG Inc., in contanti oppure, a scelta dell'emittente, in una azione di Classe A per unit脿, soggette a consueti aggiustamenti e a restrizioni di trasferimento. La comunicazione indica 35,415,703 azioni di Classe A come numero di azioni sottostanti le posizioni derivative a seguito della transazione, detenute indirettamente tramite veicoli d'investimento personali.
Il rapporto spiega che, in caso di scambio delle TPH Units, le corrispondenti common units detenute da Group Holdings vengono convertite nella controparte di scambio e un pari numero di azioni di Classe B detenute da Group Holdings sar脿 cancellato senza alcun corrispettivo aggiuntivo. La persona che presenta la comunicazione dichiara di non rivendicare la titolarit脿 beneficiaria, salvo per l'interesse pecuniario, e presenta questa informativa ai sensi degli obblighi di segnalazione della Regola 16.
James G. Coulter recibi贸 la asignaci贸n de 196,189 unidades adicionales de TPG Partner Holdings, L.P. el 08/08/2025, tras la p茅rdida de dichas unidades por parte de un socio anterior. Esas unidades (TPH Units) son canjeables, en virtud del acuerdo de intercambio enmendado de TPG Inc., por efectivo o, a elecci贸n del emisor, por una acci贸n de Clase A por unidad, sujetas a ajustes habituales y a restricciones de transferencia. La presentaci贸n indica 35,415,703 acciones de Clase A como n煤mero de acciones subyacentes a las participaciones derivadas tras la transacci贸n, mantenidas de forma indirecta a trav茅s de veh铆culos de inversi贸n personales.
El informe explica que, al canjear las TPH Units, las unidades comunes correspondientes en poder de Group Holdings se canjear谩n por la contraprestaci贸n del canje y un n煤mero igual de acciones comunes de Clase B en poder de Group Holdings ser谩 cancelado sin contraprestaci贸n adicional. La persona informante renuncia a reclamar la propiedad beneficiaria, salvo en la medida de cualquier inter茅s pecuniario, y presenta esta divulgaci贸n conforme a los requisitos de presentaci贸n de la Regla 16.
James G. Coulter電� 2025-08-08鞐� 鞝� 韺岉姼雱堦皜 靸侅嫟頃� 頉� 於旉皜搿� 196,189 雼渼毳� TPG Partner Holdings, L.P.搿滊秬韯� 氚办爼氚涭晿鞀惦媹雼�. 頃措嫻 雼渼霌�(TPH Units)鞚� TPG Inc.鞚� 靾橃爼霅� 甑愴櫂瓿勳暯鞐� 霐半澕 順勱笀鞙茧 霕愲姅 氚滍枆鞚胳潣 靹犿儩鞐� 霐半澕 雼渼雼� 韥措灅鞀� A 氤错喌欤� 1欤茧 甑愴櫂霅� 靾� 鞛堨溂氅�, 鞚茧皹鞝侅澑 臁办爼 氚� 鞏戨弰 鞝滍暅鞚� 鞝侅毄鞚� 氚涭姷雼堧嫟. 氤搓碃靹滌棎電� 瓯半灅 頉� 韺岇儩 氤挫湢鞚� 旮办磮臧� 霅橂姅 韥措灅鞀� A 氤错喌欤� 靾橂ゼ 35,415,703欤茧 旮办灛頃橁碃 鞛堨溂氅�, 鞚措姅 臧滌澑 韴瀽 靾橂嫧鞚� 韱淀暣 臧勳爲鞝侅溂搿� 氤挫湢霅橁碃 鞛堨姷雼堧嫟.
氤搓碃靹滊姅 TPH Units臧� 甑愴櫂霅� 瓴届毎 Group Holdings臧� 氤挫湢頃� 頃措嫻頃橂姅 氤错喌 鞙犽嫑鞚� 甑愴櫂 雽�臧�搿� 鞝勴櫂霅橁碃, Group Holdings臧� 氤挫湢頃� 霃欖澕 靾橃潣 韥措灅鞀� B 氤错喌欤缄皜 於旉皜 雽�臧� 鞐嗢澊 旆唽霅滊嫟瓿� 靹る獏頃╇媹雼�. 氤搓碃鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 氩旍渼毳� 鞝滌櫢頃橁碃 鞁れ鞝� 靻岇湢甓岇潉 攵�鞚疙晿氅�, 鞚� 瓿奠嫓電� 攴滌箼 16鞚� 氤搓碃 鞖旉贝鞐� 霐半澕 鞝滌稖霅橃棃鞀惦媹雼�.
James G. Coulter s'est vu attribuer 196,189 unit茅s suppl茅mentaires de TPG Partner Holdings, L.P. le 08/08/2025, apr猫s que ces unit茅s ont 茅t茅 perdues par un ancien associ茅. Ces unit茅s (TPH Units) sont 茅changeables en vertu de l'accord d'茅change modifi茅 de TPG Inc. contre de l'argent ou, au choix de l'茅metteur, contre une action de classe A par unit茅, sous r茅serve d'ajustements usuels et de restrictions de transfert. Le d茅p么t indique 35,415,703 actions de classe A comme nombre d'actions sous-jacentes aux participations d茅riv茅es 脿 la suite de la transaction, d茅tenues indirectement par le biais de v茅hicules d'investissement personnels.
Le rapport explique que, lors d'un 茅change de TPH Units, les unit茅s ordinaires correspondantes d茅tenues par Group Holdings sont 茅chang茅es contre la contrepartie d'茅change et qu'un nombre 茅gal d'actions ordinaires de classe B d茅tenues par Group Holdings sera annul茅 sans contrepartie suppl茅mentaire. La personne d茅clarante d茅cline la qualit茅 de propri茅taire b茅n茅ficiaire, sauf dans la mesure d'un int茅r锚t p茅cuniaire, et d茅pose cette divulgation conform茅ment aux obligations de d茅claration de la R猫gle 16.
James G. Coulter wurden am 08.08.2025 weitere 196,189 Einheiten von TPG Partner Holdings, L.P. zugeteilt, nachdem diese Einheiten von einem ehemaligen Partner verwirkt worden waren. Diese Einheiten (TPH Units) sind gem盲脽 der ge盲nderten Austauschvereinbarung von TPG Inc. gegen Barzahlung oder 鈥� nach Wahl des Emittenten 鈥� gegen je eine Aktie der Klasse A pro Einheit umtauschbar, vorbehaltlich 眉blicher Anpassungen und 脺bertragungsbeschr盲nkungen. Die Meldung weist 35,415,703 Aktien der Klasse A als Anzahl der nach der Transaktion den derivativen Beteiligungen zugrunde liegenden Aktien aus, welche indirekt 眉ber pers枚nliche Investmentvehikel gehalten werden.
Der Bericht erl盲utert, dass bei einem Umtausch der TPH Units die entsprechenden Common Units, die von Group Holdings gehalten werden, gegen die Austauschgegenleistung umgetauscht werden und eine gleiche Anzahl von Class-B-Stammaktien, die von Group Holdings gehalten werden, ohne weitere Gegenleistung annulliert wird. Die meldende Person bestreitet das wirtschaftliche Eigentum, au脽er insoweit sie ein pecuni盲res Interesse hat, und reicht diese Offenlegung gem盲脽 den Meldepflichten der Regel 16 ein.
FAQ
What did James Coulter acquire according to the TPG (TPG) Form 4?
How can TPH Units be converted under TPG's exchange agreement?
What is the reported beneficial ownership following the transaction?
Do Class B shares play a role in this exchange process?
Did James Coulter buy these units on the open market?
Who signed the Form 4 on behalf of the reporting person?
