Baumgarten Joshua 4
4 · TPG Inc. · Filed Jul 24, 2024
Insider Transaction Report
Form 4
TPG Inc.TPG
Baumgarten Joshua
Director
Transactions
- Award
Alabama Investments (Parallel), LP Units
2024-07-22+4,288→ 3,608,028 total→ Class A Common Stock (4,288 underlying)
Footnotes (2)
- [F1]On July 22, 2024, 4,288 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.