Sisitsky Todd Benjamin 4

What Happened
Todd Sisitsky, President and a director of TPG Inc., was allocated a total of 63,719 TPH units (derivative awards) on February 11, 2026. The Form 4 shows two award line items: 57,959 units and 5,760 units, each reported at $0.00 (award/automatic acquisition). The allocation occurred automatically upon forfeiture of units by a former partner of TPG Partner Holdings, L.P., so this was an administrative award rather than an open‑market purchase.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (filed on time).
• Items reported: 57,959 units @ $0.00 (A) and 5,760 units @ $0.00 (A) — total 63,719 TPH Units (derivative).
• Shares/units owned after transaction: Not specified in this filing.
• Notable footnotes:
  • F1: Allocation was automatic due to forfeiture by a former partner.
  • F2: TPH Units are exchangeable one‑for‑one (subject to adjustments and restrictions) for cash or, at TPG’s election, shares of Class A common stock; related common units and Class B shares are adjusted/cancelled as described.
  • F3–F4: Disclaimers that Sisitsky may be deemed to beneficially own only to the extent of his pecuniary interest; filing not an admission of broader beneficial ownership.
  • Remarks: Form signed on Sisitsky’s behalf by Jennifer Chu under a power of attorney dated Aug 16, 2025.

Context
These are derivative unit awards in TPG Partner Holdings, not an open‑market buy or sell. Because the units are exchangeable for cash or Class A shares, their economic value depends on future exchange and conversion mechanics; the allocation here was automatic (forfeiture reallocation), so it’s primarily an administrative equity grant rather than a trading signal.