TPG Asia Advisors VI, Inc. - Jun 7, 2021 Form 4 Insider Report for Cushman & Wakefield plc (CWK)

Role: 10%+ Owner
Signature: /s/ Michael LaGatta, Vice President, TPG Asia Advisors VI, Inc. (4)
Stock symbol: CWK
Transactions as of: Jun 7, 2021
Transactions value $: -$63,872,143
Form type: 4
Date filed: 6/9/2021, 05:00 PM
Next filing: Aug 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWK	Ordinary Shares	Sale	-$63.9M	-3.44M	-7.21%	$18.56	44.3M	Jun 7, 2021	See Explanation of Responses	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	David Bonderman and James G. Coulter are sole shareholders of TPG Asia Advisors VI, Inc. ("TPG Advisors VII" and, together with Messrs. Bonderman and Coulter, the "Reporting Persons"), which is the general partner of each of (i) TPG Drone Investment, L.P., which directly holds 30,844,373 Ordinary Shares ("Ordinary Shares") of Cushman & Wakefield plc (the "Issuer"), and (ii) TPG Drone Co-Invest, L.P. (together with TPG Drone Investment, L.P., the "TPG Funds"), which directly holds 13,424,169 Ordinary Shares.
F2	Because of the relationship between the Reporting Persons and the TPG Funds, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of the TPG Funds. Each Reporting Person and each of the TPG Funds disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's or such TPG Fund's pecuniary interest therein, if any.
F3	Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

Remarks:

4. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. 5. Gerald Neugebauer is signing on behalf of Messrs. Bonderman and Coulter pursuant to the authorization and designation letters dated February 26, 2020, which were previously filed with the Securities and Exchange Commission.