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TPG Inc.·4

Jun 18, 6:00 PM ET

Davis Kelvin L. 4

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TPG Director Kelvin L. Davis Acquires 41,661 Units (Derivative)

What Happened

  • Kelvin L. Davis, a director of TPG Inc. (TPG), acquired 41,661 units of TPG Partner Holdings, L.P. ("TPH Units") on June 16, 2026. The transaction is reported as an "other acquisition or disposition (J)" of a derivative interest at $42.48 per unit, for a total reported value of $1,769,759.
  • This was an acquisition of a derivative interest (TPH Units), not a direct open-market purchase of TPG Inc. common stock.

Key Details

  • Transaction date and price: June 16, 2026 — 41,661 TPH Units at $42.48 each; total $1,769,759. Report filed: June 18, 2026 (timely under Section 16).
  • Securities acquired: TPH Units of TPG Partner Holdings, L.P. (derivative interest), not direct Class A shares.
  • Shares/units owned after transaction: Not specified in the Form 4. The filing includes a disclaimer (F3/F4) that Davis disclaims beneficial ownership except to the extent of any pecuniary interest.
  • Notable footnotes:
    • F2 — Under TPG’s Amended and Restated Exchange Agreement, TPH Units are exchangeable one-for-one for cash or, at the issuer’s election, Class A common stock (subject to adjustments and transfer restrictions). Upon exchange, related common units and Class B shares held by related entities are adjusted/cancelled (Class B shares carry 10 votes but no economic rights).
    • F1 — The units were transferred from a trust for which Davis was the grantor to Davis.
    • Filing signed by Jennifer Chu under a power of attorney dated Aug 16, 2025 (per Remarks).
  • Filing timeliness: Filed June 18, 2026 for a June 16 transaction — within the two-business-day window required for Form 4s.

Context

  • This was a derivative/unit acquisition rather than a straight purchase of TPG common stock. TPH Units can be converted into cash or TPG Class A shares per the exchange agreement, so economic exposure may be similar to stock but conversion is subject to issuer election and restrictions.
  • The filing includes customary disclaimers about beneficial ownership (the reporting person may be deemed to beneficially own only to the extent of pecuniary interest). No 10b5-1, tax-withholding, or sale details were indicated.