Bouquard Doug 4

What Happened

• Doug Bouquard, CEO of TPG RE Finance Trust, had 223,533 shares of the company's common stock withheld by the issuer to satisfy his tax liability related to vested equity. The shares were valued at $8.46 each, for a total disposition of $1,891,089. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: June 30, 2026 — 223,533 shares at $8.46 per share (total ~$1,891,089).
• Transaction type: F = tax withholding to pay tax liability on vested awards under the Issuer’s equity plans.
• Footnote: The issuer withheld the shares pursuant to the 2017 and 2025 Equity Incentive Plans (see F1).
• Filing signatory: Matthew Coleman signed on behalf of Mr. Bouquard under a power of attorney dated April 15, 2022.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Filing dated July 2, 2026; the filing itself does not indicate a late filing.

Context

• Tax-withholding dispositions are routine when equity awards vest; withheld shares are used to cover tax obligations and do not necessarily reflect the insider buying or selling shares in the market. Transaction code F indicates the company withheld shares rather than the insider executing an open-market sale.