SILVERSTEIN WENDY 4

What Happened
Wendy Silverstein, a director of TPG RE Finance Trust, acquired 1,007 shares (recorded as an award/acquisition) on January 23, 2026. The shares are reported at $8.79 each for a total value of $8,852. This was not an open-market purchase but issuance of shares/DSUs in lieu of cash dividends.

Key Details

• Transaction date: 2026-01-23; Report filed: 2026-01-27 (timely).
• Transaction type/code: A — Award/Grant (acquisition of shares underlying deferred stock units).
• Price reported: $8.79 per share; total value reported: $8,852.
• Shares acquired: 1,007 common stock equivalents (DSUs).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: The shares represent common stock underlying deferred stock units (DSUs) issued to Ms. Silverstein in lieu of dividends; the number of DSUs was calculated by dividing the dividend amount by the closing stock price on the record date.
• Signature remark: Matthew Coleman signed on behalf of Ms. Silverstein under a previously filed power of attorney.

Context: This was a dividend-equivalent issuance of DSUs, not a market buy or sale — a routine corporate dividend/reinvestment action rather than a directional trade by the insider.