---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-125094"
form_type: "8-K"
ticker: "TPG"
cik: "0001880661"
company_name: "TPG Inc."
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T18:54:07.405259+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Estate of founder David Bonderman sells 21M shares of TPG at $46.57 in secondary offering

## Summary
- 21,000,000 shares of TPG Class A common stock sold by DB Holdings I, L.P. (Bonderman estate) at $46.57 per share.
- Offering closed May 22, 2025; TPG received no proceeds as all shares were secondary.
- Underwriting agreement with J.P. Morgan Securities LLC includes customary rep, warranty, and indemnification terms.
- The sale reduces the Bonderman estate's holding but does not dilute existing TPG shareholders.

## SEC filing metadata
- accession: 0001193125-25-125094
- form_type: 8-K
- ticker: TPG
- cik: 0001880661
- company_name: TPG Inc.
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880661/000119312525125094/0001193125-25-125094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880661/000119312525125094/d843507d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-125094
- JSON: https://secwatch.observer/filing/0001193125-25-125094.json
- Plain text: https://secwatch.observer/filing/0001193125-25-125094.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.