Form 4: TPG Inc. Director Jonathan Coslet Receives Additional Partnership Units

Director Jonathan Coslet received 7,639 additional units of TPG Partner Holdings, L.P. due to forfeiture by a former partner.

Summary

• On April 1, 2024, Jonathan Coslet, a director of TPG Inc., received 7,639 additional units of TPG Partner Holdings, L.P. (Partner Holdings).
• These units were allocated automatically due to forfeiture by a former partner of Partner Holdings.
• These TPH Units are ultimately 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 exchanged, and an equal number of Class B common stock of the Issuer also held by Group Holdings will be automatically cancelled.
• Coslet disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral event; a routine disclosure of a transaction involving company units.

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 Form 4 filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in the financial industry.

Key Dates