Joshua Baumgarten - 15 Dec 2023 Form 3 Insider Report for TPG Inc. (TPG)

Role
Director
Signature
(2) /s/ Bradford Berenson, as attorney-in-fact
Issuer symbol
TPG
Transactions as of
15 Dec 2023
Transactions value $
$0
Form type
3
Filing time
15 Dec 2023, 16:20:42 UTC
Next filing
07 May 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TPG Alabama Investments (Parallel), LP Units 15 Dec 2023 Class A common stock 3.6M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Amended and Restated Exchange Agreement filed by TPG Inc. (the "Issuer") with the Securities and Exchange Commission on November 2, 2023, units ("API Units") of Alabama Investments (Parallel), LP ("API") are ultimately exchangeable for cash or, at the Issuer's election, shares of Class A common stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments and transfer restrictions (the "exchange consideration"). Upon an exchange of API Units, an equal number of Common Units of TPG Operating Group II, L.P. held by API are exchanged on a one-for-one basis for the exchange consideration, and an equal number of shares of Class B common stock of the Issuer also held by API will be automatically cancelled for no additional consideration. Each share of Class B common stock entitles the holder to ten votes per share but carries no economic rights.

Remarks:

2. Bradford Berenson is signing on behalf of Mr. Baumgarten pursuant to the power of attorney dated December 15, 2023, which is attached hereto as an exhibit. Exhibit 24.1 - Power of Attorney