David Trujillo - 27 Feb 2024 Form 4 Insider Report for TPG Inc. (TPG)

Role
Director
Signature
/s/ Bradford Berenson, as attorney-in-fact (3)
Issuer symbol
TPG
Transactions as of
27 Feb 2024
Net transactions value
-$16,552,316
Form type
4
Filing time
29 Feb 2024, 18:45:30 UTC
Previous filing
17 Jan 2024
Next filing
16 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPG Class A Common Stock Options Exercise $0 +397,510 +218% $0.000000 580,029 27 Feb 2024 Direct F1
transaction TPG Class A Common Stock Sale $16,552,316 -397,510 -69% $41.64 182,519 29 Feb 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPG TPG Partners Holdings, L.P. Units Options Exercise $0 -397,510 -5.8% $0.000000 6,448,239 27 Feb 2024 Class A Common Stock 397,510 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 27, 2024, pursuant to the Amended and Restated Exchange Agreement filed by TPG Inc. (the "Issuer") with the Securities and Exchange Commission (the "Commission") on November 2, 2023, the Reporting Person exchanged 397,510 units ("TPH Units") of TPG Partner Holdings, L.P. ("Partner Holdings") for an equal number of shares of Class A common stock ("Class A common stock") of the Issuer.
F2 Pursuant to the Amended and Restated Exchange Agreement filed by the Issuer with the Commission on November 2, 2023, TPH Units are ultimately exchangeable for cash or, at the Issuer's election, shares of Class A common stock 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 TPG Operating Group II, L.P. 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.

Remarks:

(3) Bradford Berenson is signing on behalf of Mr. Trujillo pursuant to the power of attorney dated December 30, 2021, which was previously filed with the Commission.