TPG (TPG) Director Raj Nehal Receives 382 Partner Units

What Happened

• Raj Nehal, a director of TPG Inc., was automatically allocated 382 additional units of TPG Partner Holdings, L.P. ("TPH Units") on August 5, 2026. The units were reported as a derivative award (code A) with an acquisition price of $0.00; no cash was paid by the reporting person. The filing reports these as derivative securities, not direct shares of TPG Inc.

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (appears timely under Section 16 rules).
• Amount: 382 TPH Units; reported acquisition price $0.00 (award/automatic allocation).
• Shares/units held after transaction: Not specified in the filing. The reporting person may be deemed to beneficially own these to the extent of any pecuniary interest (see footnotes).
• Notable footnotes:
  • F1: Units were allocated automatically upon forfeiture by a former partner of Partner Holdings.
  • F2: TPH Units are ultimately exchangeable one-for-one for cash or, at TPG’s election, shares of Class A common stock under an existing exchange agreement; Class B shares tied to these units are cancellable and carry voting but no economic rights.
  • F3/F4: Disclosure clarifies limited beneficial ownership tied to pecuniary interest and that the filing is not an admission of broader beneficial ownership.
• Signing: Jennifer Chu signed on behalf of Mr. Raj under a power of attorney dated Aug 16, 2025.

Context

• This is an internal allocation of partnership units (a derivative award), not an open‑market purchase or sale. Derivative awards like TPH Units can be converted into cash or company shares per the exchange agreement, so economic exposure may change if/when exchanged. Such awards are routine corporate compensation/allocations and do not by themselves indicate a buy/sell signal from the insider.