SILVERSTEIN WENDY 4

What Happened Wendy Silverstein, a director of TPG RE Finance Trust, Inc. (TRTX), was issued 1,195 shares (transaction code A) on April 24, 2026. The filing shows an acquisition price of $7.61 per share, for a total value of $9,094. This issuance represents shares of common stock underlying deferred stock units (DSUs) paid in lieu of cash dividends — not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-04-24 — Award/acquisition (A) of 1,195 shares at $7.61 each (total $9,094).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The shares represent common stock underlying DSUs issued to Ms. Silverstein in lieu of dividends. The DSU count was calculated using the $0.24 per-share dividend and the closing price on the dividend record date (see footnote F1 in the filing).
• Signing/filing note: The Form 4 was signed on behalf of Ms. Silverstein by Matthew Coleman under a power of attorney dated June 26, 2017. The filing (Apr 28, 2026) reports the Apr 24 transaction and does not indicate a late filing.

Context This transaction is a dividend-equivalent issuance of shares via DSUs rather than a market buy or sell. Such awards are routine compensation/dividend arrangements for insiders and do not necessarily signal a change in the director’s market view.