Jack Weingart - 16 Sep 2022 Form 4 Insider Report for TPG Inc. (TPG)

Reporting relationship: Chief Financial Officer, Director
Issuer ticker: TPG
Reported as of: 16 Sep 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 Sep 2022, 18:13:57 UTC
Prior SEC filing: 13 Jan 2022
Next SEC filing: 18 Jan 2023
Source filing: View source filing
Reporting owner signature: /s/ Bradford Berenson, as attorney-in-fact (5)

Key filing fact

Jack Weingart filed Form 4 for TPG Inc. (TPG) on 16 Sep 2022.

Key facts

This page summarizes Jack Weingart's Form 4 filing for TPG Inc. (TPG).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 16 Sep 2022, 18:13.

Change

Previous filing in this sequence was filed on 13 Jan 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TPG transaction Derivative

TPG Partners Holdings, L.P. Units

Award

Transaction value: $0
Shares: +15,148
Change %: +0.35%
Price: $0.000000
Shares after: 4,289,433
Date: 16 Sep 2022
Ownership: By Family Trusts
Underlying class: Class A Common Stock
Underlying amount: 15,148
Exercise price
Footnotes: F1, F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

On September 16, 2022, 15,148 additional units ("TPH Units") of TPG Partner Holdings, L.P. ("Partner Holdings") were allocated automatically to the Reporting Person in accordance with Partner Holdings' limited partnership agreement upon their forfeiture by a former partner of Partner Holdings.

Footnote F2

Pursuant to an exchange agreement, as disclosed in the prospectus of TPG Inc. (the "Issuer"), filed with the Securities and Exchange Commission on January 4, 2022 (the "Prospectus"), 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 (the "exchange consideration"). Upon an exchange of TPH Units, an equal number of Common Units of the TPG Operating Group held by TPG Group Holdings (SBS), L.P. ("Group Holdings"), of which Partner Holdings is an indirect limited partner, are exchanged on a one-for-one basis for the exchange consideration, and an equal number of shares of Class B common stock of the Issuer also held by Group Holdings will be automatically cancelled for no additional consideration. Each share of Class B common stock entitles the holder to ten votes per share but carries no economic rights.

Footnote F3

Because of the relationship between the Reporting Person and the entities holding these securities, the Reporting Person may be deemed to beneficially own these securities to the extent of the greater of the Reporting Person's direct or indirect pecuniary interest in the profits, capital accounts or distributions of the holder. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein, if any.

Footnote F4

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of the Reporting Person's pecuniary interest.

SEC remarks

5. Bradford Berenson is signing on behalf of Mr. Weingart pursuant to the power of attorney dated December 29, 2021, which was previously filed with the Securities and Exchange Commission.