Todd Benjamin Sisitsky - Oct 22, 2024 Form 4 Insider Report for TPG Inc. (TPG)

Signature
/s/ Bradford Berenson, as attorney-in-fact (5)
Stock symbol
TPG
Transactions as of
Oct 22, 2024
Transactions value $
-$1,434,220
Form type
4
Date filed
10/24/2024, 06:21 PM
Previous filing
Apr 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPG Class A Common Stock Options Exercise +169K +31.1% 714K Oct 22, 2024 Direct F1
transaction TPG Class A Common Stock Tax liability -$1.43M -21.5K -3.01% $66.68 693K Oct 23, 2024 Direct F2
holding TPG Class A Common Stock 513K Oct 22, 2024 By Family Trusts F3, F4

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 Performance Stock Units Options Exercise $0 -169K -100% $0.00 0 Oct 22, 2024 Class A Common Stock 169K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance stock units ("PSUs") granted to the Reporting Person on January 13, 2022, at the time of the initial public offering of TPG Inc. (the "Issuer"). Each PSU represents a contingent right to receive one share of Class A common stock ("Class A common stock") of the Issuer when both the service and performance conditions are satisfied. 25% of the PSUs service-vested on January 13, 2024, and 25% of the PSUs will service-vest on each of January 13, 2025, 2026 and 2027. 50% of the PSUs performance-vest on each of the first day following the date on which the 30-day volume weighted average trading price of a share of Class A common stock equals or exceeds $44.25 (the "1.5x measure") and (y) $59.00 (the "2.0x measure"). On October 22, 2024, 169,492 PSUs performance vested upon the achievement of the 2.0x measure.
F2 On October 23, 2024, the Issuer withheld 21,509 shares of Class A common stock from the Reporting Person for payment of the tax liability incident to the settlement of vested PSUs previously granted by the Issuer.
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.
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.

Remarks:

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