TPG COO Anilu Vazquez-Ubarri Receives Award of 155 Units

What Happened
Anilu Vazquez-Ubarri, Chief Operating Officer of TPG Inc. (TPG), was allocated 155 TPH units (reported as a derivative award) on August 5, 2026. The Form 4 shows an acquisition of 155 units at $0.00 (i.e., an award/grant), resulting in no cash paid at grant.

Key Details

• Transaction date: August 5, 2026; filing date: August 7, 2026 (filed within the usual two-business-day Form 4 window).
• Transaction type/code: Award/Grant (A) of 155 TPH Units; reported acquisition price $0.00.
• Shares/units owned after transaction: Not specified in the provided excerpt of the filing — see full Form 4 for total holdings.
• Footnote highlights:
  • F1: The 155 TPH Units were automatically allocated upon forfeiture by a former partner of TPG Partner Holdings, L.P. (i.e., not a purchase).
  • F2: TPH Units are exchangeable, on a one-for-one basis (subject to adjustments and transfer restrictions), for cash or, at TPG’s election, Class A common stock — so these units represent a derivative interest that can convert into economic value later.
• Filing signatory: Jennifer Chu signed on behalf of Ms. Vazquez-Ubarri under a previously filed power of attorney.

Context
This was an award/allocation of partnership units (a derivative security) rather than an open-market buy or sale. Such allocations are often routine compensation or automatic reallocations and do not by themselves indicate insider buying or selling sentiment. The units may be converted into cash or Class A shares in the future per the Issuer’s exchange agreement; consult the full Form 4 and the referenced exchange agreement for conversion mechanics and any transfer or holding restrictions.