Sarvananthan Ganendran 4

What Happened

• Sarvananthan Ganendran, a director of TPG Inc., was automatically allocated 15,435 TPH units of TPG Partner Holdings, L.P. on February 11, 2026. The units were granted at $0.00 (no cash paid) and reported as a derivative acquisition (award). The reported transaction value is $0.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely reporting).
• Quantity: 15,435 TPH Units; Price: $0.00; Reported as an award/other acquisition (code A).
• Shares owned after transaction: not disclosed in this filing.
• Footnote highlights:
  • The units were allocated automatically upon forfeiture by a former partner of Partner Holdings.
  • TPH Units are exchangeable, on a roughly one-for-one basis, for cash or, at TPG’s election, shares of Class A common stock (subject to customary adjustments and transfer restrictions).
  • The filing includes customary disclaimers that the reporting person may only be deemed to beneficially own these units to the extent of any pecuniary interest.
• Signature: filing executed by Jennifer Chu under power of attorney for Mr. Ganendran.

Context

• These are partnership/derivative units (not direct Class A shares). Under TPG’s exchange agreement, such units can be converted into cash or Class A shares, so the award represents potential economic exposure rather than immediate Class A stock ownership. The filing is informational and does not indicate a buy or sell signal by itself.