Joshua Baumgarten - May 5, 2024 Form 4 Insider Report for TPG Inc. (TPG)

Role
Director
Signature
/s/ Bradford Berenson, as attorney-in-fact (3)
Stock symbol
TPG
Transactions as of
May 5, 2024
Transactions value $
$0
Form type
4
Date filed
5/7/2024, 04:32 PM
Previous filing
Dec 15, 2023
Next filing
Jul 24, 2024

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 Alabama Investments (Parallel), LP Units Award $0 +3.83K +0.11% $0.00 3.6M May 5, 2024 Class A Common Stock 3.83K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 5, 2024, 3,832 additional units ("API Units") of Alabama Investments (Parallel), LP ("API") were allocated automatically to the Reporting Person in accordance with API's limited partnership agreement upon their forfeiture by a former partner of API.
F2 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, API 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 API Units, an equal number of Common Units of TPG Operating Group II, L.P. held by API 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 API 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. Baumgarten pursuant to the power of attorney dated December 15, 2023, which was previously filed with the Commission.