4Filed Aug 6, 8:00 PM ET
TPG Director Sarvananthan Ganendran Receives Award (263 TPH Units)
$TPG · TPG Inc.Research Summary
AI-generated summary of this SEC filing
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.