Maya Chorengel - 12 Nov 2024 Form 4 Insider Report for TPG Inc. (TPG)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Nov 2024, 19:49:17 UTC
Prior SEC filing
04 Nov 2024
Next SEC filing
09 Dec 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
(5) Bradford Berenson, as attorney-in-fact

Key filing fact

Maya Chorengel filed Form 4 for TPG Inc. (TPG) on 14 Nov 2024.

Key facts

  • This page summarizes Maya Chorengel's Form 4 filing for TPG Inc. (TPG).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 14 Nov 2024, 19:49.

Change

  • Previous filing in this sequence was filed on 04 Nov 2024.
  • 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 Partner Holdings, L.P. Units

Award

Transaction value
$0
Shares
+4,468
Change %
+0.5%
Price
$0.000000
Shares after
895,951
Date
12 Nov 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
4,468
Exercise price
Footnotes
F1, F2
TPG transaction Derivative

TPG Partner Holdings, L.P. Units

Award

Transaction value
$0
Shares
+1,238
Change %
+0.45%
Price
$0.000000
Shares after
274,592
Date
12 Nov 2024
Ownership
By Family Trust
Underlying class
Class A Common Stock
Underlying amount
1,238
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 November 12, 2024, 5,706 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 the Amended and Restated Exchange Agreement filed by TPG Inc. (the "Issuer") with the Securities and Exchange Commission (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 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 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.

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 Ms. Chorengel pursuant to the power of attorney dated December 30, 2021, which was previously filed with the Commission.

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