TPG Director Sarvananthan Ganendran Receives Award (263 TPH Units)

What Happened

• Sarvananthan Ganendran, a director of TPG Inc. (TPG), was allocated 263 TPH units (derivative award) on August 5, 2026. The Form 4 reports an acquisition (code A) of 263 units at $0.00 (derivative instrument); the filing shows $0 acquisition value because these are partnership units, not direct purchases of common shares.
• This was an award/allocation (not a market purchase or sale) automatically made upon forfeiture by a former partner of TPG Partner Holdings, L.P.

Key Details

• Transaction date: 2026-08-05; filing date: 2026-08-07 (filed within normal reporting window).
• Reported acquisition: 263 TPH Units at $0.00 (derivative award).
• Amount owned following transaction: not specified in the excerpt of the filing.
• Important footnotes:
  • F1: Units were automatically allocated due to forfeiture by a former partner.
  • F2: TPH Units are exchangeable one-for-one (subject to adjustments) for cash or, at TPG’s election, Class A common stock; corresponding common units/shares held by related entities are exchanged/cancelled as part of the exchange mechanics.
  • 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 is not an admission of beneficial ownership under Section 16.
• Signature/POA: Filing executed by Jennifer Chu under power of attorney for Mr. Ganendran.

Context

• These are derivative partnership units (TPH Units), not direct shares of TPG common stock. They can be converted/exchanged into cash or Class A stock on a roughly one-for-one basis per the exchange agreement — their ultimate economic value depends on those exchange terms and the Issuer’s election.
• Awards or automatic allocations like this typically reflect internal partnership/accounting adjustments (here, forfeiture reallocation) and do not necessarily indicate active buying or selling by the insider.