Weingart Jack 4

What Happened
Jack Weingart, Chief Financial Officer of TPG Inc. (TPG), was allocated 27,567 units of TPG Partner Holdings, L.P. ("TPH Units") on February 11, 2026. The units were reported as an award/acquisition (Form 4 transaction code A) at $0.00 per unit (derivative grant). These TPH Units are not ordinary shares of TPG Inc. but are partnership units that, under TPG’s exchange agreement, may ultimately be exchanged one-for-one for cash or, at the issuer’s election, shares of TPG Class A common stock.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely filing).
• Transaction type/code: Award/acquisition of derivative units (code A); reported price $0.00.
• Quantity received: 27,567 TPH Units.
• Shares/units owned after transaction: Not disclosed in this Form 4.
• Notable footnotes:
  • F1: Units were allocated automatically upon forfeiture by a former partner of Partner Holdings.
  • F2: TPH Units are exchangeable for cash or, at the issuer’s election, one-for-one for TPG Class A shares (subject to adjustments and restrictions); related Class B shares held by Group Holdings would be cancelled on exchange.
  • F3–F4: The reporting person may be deemed to beneficially own these units only to the extent of any pecuniary interest and disclaims broader beneficial ownership; filing does not admit broader beneficial ownership under Section 16.
• Signing: Form signed on behalf of Mr. Weingart by Jennifer Chu under power of attorney (dated Aug 16, 2025).

Context
TPH Units are derivative partnership interests, not direct TPG common stock. They can be exchanged for cash or Class A shares per the exchange agreement, so their economic value depends on the exchange mechanics and TPG’s election. This was an awarded allocation (not an open-market buy or a sale), so it’s a transfer/accrual of derivative units rather than a purchase indicating new cash invested or a sale realizing value.