TPG GP A, LLC Increases Beneficial Ownership in TPG Inc. to 57.7% Following Unit Exchanges

TPG GP A, LLC filed an Amendment No. 8 to its Schedule 13D on May 18, 2026, reporting a significant ownership stake in TPG Inc. (TPG). As of the event date on May 14, 2026, TPG GP A, LLC is deemed to beneficially own 217,809,708 shares of Class A Common Stock, representing approximately 57.7% of the class. This beneficial ownership includes shares issuable upon the exchange of Common Units and the cancellation of corresponding Class B Common Stock. The filing also notes that James G. Coulter and Jon Winkelried, as part of the control group of TPG GP A, may be deemed to beneficially own 58.3% and 57.9% of the Class A Common Stock, respectively, when accounting for their direct and indirect holdings. Recent transactions highlighted include the Q2 2026 Exchange, where 6,042,619 Common Units were exchanged for Class A shares, and a charitable donation of 238,984 shares by Mr. Winkelried in November 2025. Additionally, the filing details a long-term performance incentive award of 376,961 RSUs granted to Mr. Winkelried in January 2026.