TPG Director Jeffrey Rhodes Receives 620-Unit Award

What Happened

• Jeffrey K. Rhodes, a director of TPG Inc. (TPG), was allocated 620 TPH units (a derivative award) on August 5, 2026. The units were issued at $0.00 (no cash paid) and are reported as a derivative acquisition (Form 4 code A). These TPH units can be exchanged for cash or, at the issuer’s election, one share of TPG Class A common stock per unit under the company’s exchange agreement.

Key Details

• Transaction date: August 5, 2026; Filing date: August 7, 2026 (appears filed within the SEC’s two-business-day window).
• Amount: 620 TPH units acquired at $0.00 per unit (total reported value $0).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: units were automatically allocated upon forfeiture by a former partner (F1); units are exchangeable one-for-one for cash or Class A shares under the Amended and Restated Exchange Agreement (F2); reporting person disclaims beneficial ownership except to extent of pecuniary interest and this filing is not an admission of beneficial ownership beyond pecuniary interest (F3, F4).
• Signature: filing executed by Jennifer Chu under a power of attorney for Mr. Rhodes.

Context

• These are partnership units (TPH Units) of TPG Partner Holdings, L.P., reported as derivatives because they are exchangeable into TPG consideration (cash or Class A shares) under the company’s exchange mechanics. This was an automatic allocation due to a former partner’s forfeiture, not an open-market purchase or sale. Such awards reflect administrative adjustments or partnership allocations rather than a direct cash investment by the insider.