Form 4: TPG Inc. Director David Trujillo Receives Additional Partnership Units

Director David Trujillo receives 14,448 additional units of TPG Partner Holdings, L.P. due to forfeiture by a former partner.

Summary

• On April 10, 2024, David Trujillo, a director of TPG Inc., received 14,448 additional units of TPG Partner Holdings, L.P. (TPH Units).
• These units were allocated automatically due to forfeiture by a former partner of Partner Holdings, in accordance with Partner Holdings' limited partnership agreement.
• TPH Units are exchangeable for cash or Class A common stock of TPG Inc. on a one-for-one basis.
• Upon exchange, an equal number of Common Units of TPG Operating Group II, L.P. held by TPG Group Holdings (SBS), L.P. are also exchanged, and an equal number of Class B common stock shares held by Group Holdings will be automatically cancelled.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to internal partnership dynamics. It's neither overwhelmingly positive nor negative, but rather an expected part of the company's operational structure.

Future Outlook

The TPH Units are ultimately exchangeable for cash or, at the Issuer's election, shares of Class A common stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments and transfer restrictions.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in publicly traded companies, especially those with complex partnership structures like TPG Inc.

Stakeholder Impact

• The transaction has a minimal direct impact on external stakeholders, as it primarily involves internal allocation of partnership units.

Key Dates