Atairos Partners, L.P. 4
4 · TRINET GROUP, INC. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
TriNet (TNET) 10% Owner AGI-T, L.P. Receives RSU Award
What Happened
- AGI-T, L.P. (reported as a 10% owner) was granted 4,735 restricted stock units (RSUs) in TriNet Group, Inc. on May 28, 2026. The RSUs were awarded at $0.00 per unit (no cash paid) and convert one-for-one into TriNet common stock when they vest.
- The RSUs will vest 100% on the earlier of the 12‑month anniversary of the grant or the trading day before TriNet’s 2027 Annual Meeting, subject to continued service, with possible accelerated vesting upon certain events. Per the filing, Mr. Michael J. Angelakis is connected to the reporting group and directly beneficially owns 34,735 shares that were previously delivered to him; together with the 4,735 RSUs this represents 39,470 shares/units attributable to him.
Key Details
- Transaction date: 2026-05-28; Filing date: 2026-06-01 (filed within the Form 4 reporting window).
- Transaction type/code: A (Award/Grant); amount: 4,735 RSUs; price: $0.00; immediate cash value reported as $0.
- Shares/units reported after the transaction: 4,735 RSUs plus 34,735 shares directly beneficially owned by Mr. Angelakis (total 39,470, per footnote F2). The filing also notes other holdings attributed to related entities (see footnotes F5–F6) but does not list those specific counts in the summary.
- Important footnotes: RSUs convert 1:1 to common stock and vest as described; several related reporting persons/entities (Atairos/AGI-T/A‑A SMA etc.) are listed and disclaim beneficial ownership except to the extent of pecuniary interest; accelerated vesting may occur on certain events.
Context
- This is an equity award (director compensation), not a purchase or sale — awards don’t necessarily signal a buy/sell conviction by themselves.
- The reporting group includes institutional and related-party entities (Atairos and controlled affiliates) and Michael J. Angelakis, who controls the top-level entity and serves on TriNet’s board; filings reflect both the institutional 10% owner and related individual holdings.
- For retail investors: RSU grants increase potential future share count when vested and converted, but carry no immediate cash transaction; monitor upcoming vesting conditions and any subsequent sales or transfers for further insider activity.
Insider Transaction Report
Form 4
AGI-T, L.P.
Director10% Owner
Transactions
- Award
Common Stock
[F1][F2][F3][F4]2026-05-28+4,735→ 39,470 total(indirect: See footnote)
Holdings
- 3,169,354(indirect: See footnote)
Common Stock
[F3][F4][F5] - 14,916,419(indirect: See footnote)
Common Stock
[F3][F4][F6]
Footnotes (6)
- [F1]Reflects the grant of Restricted Stock Units that convert into Common Stock, par value $0.000025 per share, of the Issuer, on a one-for-one basis. The Restricted Stock Units will vest 100% on the earlier of the 12-month anniversary of the date of grant and the trading day preceding the date of the Company's 2027 Annual Meeting of the Stockholders, subject to the director's continued service. The Restricted Stock Units are also subject to accelerated vesting upon certain events.
- [F2]Reflects (i) 4,735 Restricted Stock Units and (ii) 34,735 shares of Common Stock directly beneficially owned by Mr. Angelakis, which were previously delivered to Mr. Angelakis in connection with the vesting of Restricted Stock Units granted to him in his capacity as a director of the Issuer.
- [F3]This Form 4 is being filed by more than one Reporting Person. A-T Holdings GP, LLC is the general partner of AGI-T, L.P. Atairos Group, Inc. is the sole member and manager of A-T Holdings GP, LLC and the sole limited partner of AGI-T, L.P. A-A SMA GP, LLC is the general partner of A-A SMA, L.P. Atairos Group, Inc. is the sole member and manager of A-A SMA GP, LLC and the sole limited partner of A-A SMA, L.P. Atairos Partners, L.P. is the sole voting shareholder of Atairos Group, Inc. Atairos Partners GP, Inc. is the general partner of Atairos Partners, L.P. Michael J. Angelakis directly or indirectly controls a majority of the voting power of Atairos Partners GP, Inc. and serves on the board of directors of the Issuer.
- [F4]Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.
- [F5]Reflects shares of Common Stock directly beneficially owned by A-A SMA, L.P.
- [F6]Reflects shares of Common Stock directly beneficially owned by AGI-T, L.P.