[Form 4] TPG Inc. Insider Trading Activity
David Trujillo, a director of TPG Inc., was allocated 34,572 additional units of TPG Partner Holdings, L.P. ("TPH Units") on 08/08/2025 after those units were forfeited by a former partner. The filing states TPH Units are exchangeable one-for-one for cash or, at the issuer's election, shares of Class A common stock under an Amended and Restated Exchange Agreement filed with the SEC on November 2, 2023, subject to customary conversion adjustments and transfer restrictions. Upon exchange, corresponding Common Units held by Group Holdings are exchanged one-for-one and an equal number of Class B shares held by Group Holdings will be cancelled; Class B shares carry 10 votes per share but have no economic rights. The Form 4 reports beneficial ownership of 6,542,483 shares of Class A common stock following the reported transaction. Joann Harris signed on behalf of Mr. Trujillo as attorney-in-fact.
David Trujillo, amministratore di TPG Inc., ha ricevuto l'assegnazione di ulteriori 34,572 unit脿 di TPG Partner Holdings, L.P. ("TPH Units") in data 08/08/2025 dopo che tali unit脿 erano state revocate da un ex socio. La comunicazione indica che le TPH Units sono convertibili una a una in contanti oppure, a scelta dell'emittente, in azioni ordinarie di Classe A ai sensi di un Amended and Restated Exchange Agreement depositato presso la SEC il 2 novembre 2023, soggette ai consueti adeguamenti di conversione e a restrizioni di trasferimento. In caso di conversione, le corrispondenti Common Units detenute da Group Holdings vengono anch'esse convertite una a una e un numero equivalente di azioni di Classe B detenute da Group Holdings sar脿 annullato; le azioni di Classe B attribuiscono 10 voti per azione ma non hanno diritti economici. Il Form 4 riporta la titolarit脿 effettiva di 6,542,483 azioni di Classe A dopo l'operazione segnalata. Joann Harris ha firmato per conto del sig. Trujillo in qualit脿 di procuratrice.
David Trujillo, director de TPG Inc., recibi贸 la asignaci贸n de 34,572 unidades adicionales de TPG Partner Holdings, L.P. ("TPH Units") el 08/08/2025 tras la p茅rdida de dichas unidades por parte de un antiguo socio. La presentaci贸n indica que las TPH Units son canjeables una por una por efectivo o, a elecci贸n del emisor, por acciones ordinarias de Clase A conforme a un Amended and Restated Exchange Agreement presentado ante la SEC el 2 de noviembre de 2023, y est谩n sujetas a los habituales ajustes de conversi贸n y a restricciones de transferencia. Al canjearse, las Common Units correspondientes en poder de Group Holdings se canjean una por una y se cancelar谩 el mismo n煤mero de acciones de Clase B en poder de Group Holdings; las acciones de Clase B otorgan 10 votos por acci贸n pero no tienen derechos econ贸micos. El Form 4 informa la propiedad beneficiaria de 6,542,483 acciones de Clase A tras la operaci贸n comunicada. Joann Harris firm贸 en nombre del Sr. Trujillo como apoderada.
David Trujillo電� TPG Inc.鞚� 鞚挫偓搿滌劀 鞚挫爠 韺岉姼雱堦皜 韽赴頃� 雼渼毳� 氚办爼氚涭晞 08/08/2025鞐� TPG Partner Holdings, L.P.("TPH Units")鞚� 於旉皜 34,572 鞙犽嫑鞚� 氚涭晿鞀惦媹雼�. 鞝滌稖靹滌棎電� TPH Units臧� 順勱笀鞙茧 1雽�1 甑愴櫂霅橁卑雮�, 氚滍枆鞚胳潣 靹犿儩鞐� 霐半澕 2023雲� 11鞗� 2鞚� SEC鞐� 鞝滌稖霅� Amended and Restated Exchange Agreement鞐� 霐半澕 Class A 氤错喌欤检檧 甑愴櫂霅� 靾� 鞛堨溂氅�, 韱奠儊鞝侅澑 鞝勴櫂 臁办爼 氚� 鞏戨弰 鞝滍暅鞚� 鞝侅毄鞚� 氚涬姅雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 甑愴櫂 鞁� Group Holdings臧� 氤挫湢頃� 頃措嫻 Common Units電� 1雽�1搿� 甑愴櫂霅橂┌, Group Holdings臧� 氤挫湢頃� 霃欖澕 靾橃潣 Class B 欤检嫕鞚� 旆唽霅╇媹雼�; Class B 欤检嫕鞚� 欤茧嫻 10响�鞚� 鞚橁舶甓岇潉 臧�歆�歆�毵� 瓴届牅鞝� 甓岆Μ電� 鞐嗢姷雼堧嫟. Form 4電� 氤搓碃霅� 瓯半灅 鞚错泟 6,542,483欤检潣 Class A 氤错喌欤检棎 雽�頃� 鞁れ鞝� 靻岇湢毳� 氤搓碃頃╇媹雼�. Joann Harris電� Mr. Trujillo毳� 雽�鞁犿晿鞐� 雽�毽澑鞙茧 靹滊獏頄堨姷雼堧嫟.
David Trujillo, administrateur de TPG Inc., s'est vu attribuer 34,572 unit茅s suppl茅mentaires de TPG Partner Holdings, L.P. ("TPH Units") le 08/08/2025 apr猫s que ces unit茅s eurent 茅t茅 abandonn茅es par un ancien associ茅. Le d茅p么t indique que les TPH Units sont 茅changeables une pour une contre de l'argent liquide ou, au choix de l'茅metteur, contre des actions ordinaires de Classe A en vertu d'un Amended and Restated Exchange Agreement d茅pos茅 aupr猫s de la SEC le 2 novembre 2023, sous r茅serve des ajustements de conversion usuels et des restrictions de transfert. Lors de l'茅change, les Common Units correspondantes d茅tenues par Group Holdings sont 茅galement 茅chang茅es une pour une et un nombre 茅gal d'actions de Classe B d茅tenues par Group Holdings sera annul茅 ; les actions de Classe B conf猫rent 10 voix par action mais n'ont aucun droit 茅conomique. Le Form 4 rapporte une propri茅t茅 b茅n茅ficiaire de 6,542,483 actions de Classe A apr猫s la transaction d茅clar茅e. Joann Harris a sign茅 au nom de M. Trujillo en qualit茅 de mandataire.
David Trujillo, Direktor von TPG Inc., erhielt am 08/08/2025 die Zuteilung von weiteren 34,572 Einheiten von TPG Partner Holdings, L.P. ("TPH Units"), nachdem diese Einheiten von einem ehemaligen Partner verwirkt worden waren. Die Meldung besagt, dass TPH Units eins zu eins gegen Bargeld oder, nach Wahl des Emittenten, gegen Stammaktien der Klasse A gem盲脽 einem Amended and Restated Exchange Agreement, das am 2. November 2023 bei der SEC eingereicht wurde, umgetauscht werden k枚nnen; sie unterliegen 眉blichen Umrechnungsanpassungen und 脺bertragungsbeschr盲nkungen. Bei Umtausch werden die entsprechenden Common Units, die von Group Holdings gehalten werden, ebenfalls eins zu eins umgetauscht, und die gleiche Anzahl an von Group Holdings gehaltenen Class-B-Aktien wird annulliert; Class-B-Aktien haben 10 Stimmen je Aktie, aber keine wirtschaftlichen Rechte. Das Formular Form 4 meldet nach der berichteten Transaktion eine wirtschaftliche Beteiligung an 6,542,483 Aktien der Klasse A. Joann Harris unterzeichnete im Namen von Herrn Trujillo als Bevollm盲chtigte.
- None.
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Insights
TL;DR: Routine equity-allocation to a director; conversion mechanics could affect share count if exchanged, but no immediate cash transaction reported.
The Form 4 documents an automatic allocation of 34,572 TPH Units to Director David Trujillo resulting from forfeiture by a former partner. The filing explicitly describes the exchange mechanics: TPH Units are exchangeable one-for-one for cash or Class A common stock per the Amended and Restated Exchange Agreement. That structure creates a clear pathway for future issuance of Class A shares if exchanges occur, which could increase outstanding Class A share count. However, the current event is an internal allocation rather than a sale or purchase; the filing does not report a cash consideration or a market transaction. Overall, the item appears routine and informational for investors monitoring insider holdings and potential dilution sources.
TL;DR: Governance note 鈥� units awarded via forfeiture and exchange terms tied to preexisting agreement; highlights related-party unit mechanics and voting-class cancellation.
The report clarifies mechanics between TPH Units, Common Units held by Group Holdings, and Class B shares: on exchange an equal number of Common Units are exchanged and corresponding Class B shares are cancelled for no additional consideration. The filing reiterates that Class B shares carry ten votes each but no economic rights, underscoring the issuer's dual-class capital structure. Joann Harris executed the filing under a power of attorney, indicating standard administrative handling. From a governance perspective, the disclosure is transparent about conversion and cancellation mechanics but does not indicate any governance change or transfer of voting control resulting from this allocation alone.
David Trujillo, amministratore di TPG Inc., ha ricevuto l'assegnazione di ulteriori 34,572 unit脿 di TPG Partner Holdings, L.P. ("TPH Units") in data 08/08/2025 dopo che tali unit脿 erano state revocate da un ex socio. La comunicazione indica che le TPH Units sono convertibili una a una in contanti oppure, a scelta dell'emittente, in azioni ordinarie di Classe A ai sensi di un Amended and Restated Exchange Agreement depositato presso la SEC il 2 novembre 2023, soggette ai consueti adeguamenti di conversione e a restrizioni di trasferimento. In caso di conversione, le corrispondenti Common Units detenute da Group Holdings vengono anch'esse convertite una a una e un numero equivalente di azioni di Classe B detenute da Group Holdings sar脿 annullato; le azioni di Classe B attribuiscono 10 voti per azione ma non hanno diritti economici. Il Form 4 riporta la titolarit脿 effettiva di 6,542,483 azioni di Classe A dopo l'operazione segnalata. Joann Harris ha firmato per conto del sig. Trujillo in qualit脿 di procuratrice.
David Trujillo, director de TPG Inc., recibi贸 la asignaci贸n de 34,572 unidades adicionales de TPG Partner Holdings, L.P. ("TPH Units") el 08/08/2025 tras la p茅rdida de dichas unidades por parte de un antiguo socio. La presentaci贸n indica que las TPH Units son canjeables una por una por efectivo o, a elecci贸n del emisor, por acciones ordinarias de Clase A conforme a un Amended and Restated Exchange Agreement presentado ante la SEC el 2 de noviembre de 2023, y est谩n sujetas a los habituales ajustes de conversi贸n y a restricciones de transferencia. Al canjearse, las Common Units correspondientes en poder de Group Holdings se canjean una por una y se cancelar谩 el mismo n煤mero de acciones de Clase B en poder de Group Holdings; las acciones de Clase B otorgan 10 votos por acci贸n pero no tienen derechos econ贸micos. El Form 4 informa la propiedad beneficiaria de 6,542,483 acciones de Clase A tras la operaci贸n comunicada. Joann Harris firm贸 en nombre del Sr. Trujillo como apoderada.
David Trujillo電� TPG Inc.鞚� 鞚挫偓搿滌劀 鞚挫爠 韺岉姼雱堦皜 韽赴頃� 雼渼毳� 氚办爼氚涭晞 08/08/2025鞐� TPG Partner Holdings, L.P.("TPH Units")鞚� 於旉皜 34,572 鞙犽嫑鞚� 氚涭晿鞀惦媹雼�. 鞝滌稖靹滌棎電� TPH Units臧� 順勱笀鞙茧 1雽�1 甑愴櫂霅橁卑雮�, 氚滍枆鞚胳潣 靹犿儩鞐� 霐半澕 2023雲� 11鞗� 2鞚� SEC鞐� 鞝滌稖霅� Amended and Restated Exchange Agreement鞐� 霐半澕 Class A 氤错喌欤检檧 甑愴櫂霅� 靾� 鞛堨溂氅�, 韱奠儊鞝侅澑 鞝勴櫂 臁办爼 氚� 鞏戨弰 鞝滍暅鞚� 鞝侅毄鞚� 氚涬姅雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 甑愴櫂 鞁� Group Holdings臧� 氤挫湢頃� 頃措嫻 Common Units電� 1雽�1搿� 甑愴櫂霅橂┌, Group Holdings臧� 氤挫湢頃� 霃欖澕 靾橃潣 Class B 欤检嫕鞚� 旆唽霅╇媹雼�; Class B 欤检嫕鞚� 欤茧嫻 10响�鞚� 鞚橁舶甓岇潉 臧�歆�歆�毵� 瓴届牅鞝� 甓岆Μ電� 鞐嗢姷雼堧嫟. Form 4電� 氤搓碃霅� 瓯半灅 鞚错泟 6,542,483欤检潣 Class A 氤错喌欤检棎 雽�頃� 鞁れ鞝� 靻岇湢毳� 氤搓碃頃╇媹雼�. Joann Harris電� Mr. Trujillo毳� 雽�鞁犿晿鞐� 雽�毽澑鞙茧 靹滊獏頄堨姷雼堧嫟.
David Trujillo, administrateur de TPG Inc., s'est vu attribuer 34,572 unit茅s suppl茅mentaires de TPG Partner Holdings, L.P. ("TPH Units") le 08/08/2025 apr猫s que ces unit茅s eurent 茅t茅 abandonn茅es par un ancien associ茅. Le d茅p么t indique que les TPH Units sont 茅changeables une pour une contre de l'argent liquide ou, au choix de l'茅metteur, contre des actions ordinaires de Classe A en vertu d'un Amended and Restated Exchange Agreement d茅pos茅 aupr猫s de la SEC le 2 novembre 2023, sous r茅serve des ajustements de conversion usuels et des restrictions de transfert. Lors de l'茅change, les Common Units correspondantes d茅tenues par Group Holdings sont 茅galement 茅chang茅es une pour une et un nombre 茅gal d'actions de Classe B d茅tenues par Group Holdings sera annul茅 ; les actions de Classe B conf猫rent 10 voix par action mais n'ont aucun droit 茅conomique. Le Form 4 rapporte une propri茅t茅 b茅n茅ficiaire de 6,542,483 actions de Classe A apr猫s la transaction d茅clar茅e. Joann Harris a sign茅 au nom de M. Trujillo en qualit茅 de mandataire.
David Trujillo, Direktor von TPG Inc., erhielt am 08/08/2025 die Zuteilung von weiteren 34,572 Einheiten von TPG Partner Holdings, L.P. ("TPH Units"), nachdem diese Einheiten von einem ehemaligen Partner verwirkt worden waren. Die Meldung besagt, dass TPH Units eins zu eins gegen Bargeld oder, nach Wahl des Emittenten, gegen Stammaktien der Klasse A gem盲脽 einem Amended and Restated Exchange Agreement, das am 2. November 2023 bei der SEC eingereicht wurde, umgetauscht werden k枚nnen; sie unterliegen 眉blichen Umrechnungsanpassungen und 脺bertragungsbeschr盲nkungen. Bei Umtausch werden die entsprechenden Common Units, die von Group Holdings gehalten werden, ebenfalls eins zu eins umgetauscht, und die gleiche Anzahl an von Group Holdings gehaltenen Class-B-Aktien wird annulliert; Class-B-Aktien haben 10 Stimmen je Aktie, aber keine wirtschaftlichen Rechte. Das Formular Form 4 meldet nach der berichteten Transaktion eine wirtschaftliche Beteiligung an 6,542,483 Aktien der Klasse A. Joann Harris unterzeichnete im Namen von Herrn Trujillo als Bevollm盲chtigte.
FAQ
What did TPG director David Trujillo receive in the Form 4 filing?
Are the TPH Units convertible into TPG (TPG) stock?
How many Class A shares does the filing report after the transaction?
What happens to Class B shares when TPH Units are exchanged?
Who signed the Form 4 on behalf of David Trujillo?
