Harris Joann 4

What Happened Joann Harris, Chief Compliance Officer of TPG Inc., was allocated 2,278 additional units of TPG Partner Holdings, L.P. ("TPH Units") on February 11, 2026. The units were recorded as an award/acquisition at $0.00 (no cash paid). The filing treats these as derivative securities: under TPG’s exchange agreement the TPH Units are ultimately exchangeable one-for-one for cash or, at the issuer’s election, shares of Class A common stock (subject to adjustments and restrictions).

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely).
• Transaction type/code: A — Award/Acquisition of derivative units.
• Amount: 2,278 TPH Units; acquisition price reported $0.00.
• Shares/units owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Units were automatically allocated due to forfeiture by a former partner of Partner Holdings.
  • F2: TPH Units are exchangeable for cash or, at the issuer’s election, Class A common shares on a one-for-one basis; corresponding Common Units and Class B shares held by related entities are adjusted/cancelled upon exchange. Class B shares carry 10 votes per share but no economic rights.
  • F3–F4: Reporting person may be deemed to beneficially own units to the extent of pecuniary interest; the filer disclaims broader beneficial ownership beyond that interest and cites Rule 16a-1(a)(4).
• Filing signature: Jennifer Chu signed on behalf of Ms. Harris under a power of attorney dated Aug 16, 2025.

Context This was an administrative allocation of partnership units (not an open-market purchase or sale) resulting from another partner’s forfeiture, and it does not reflect an out-of-pocket buy by the insider. Because these are derivative partnership units that can be exchanged for cash or Class A shares, they differ from a direct purchase of common stock. Retail investors typically place more informational weight on direct purchases or sales of common stock than on internal unit allocations like this.