As of September 22, 2026, TPG RE Finance Trust's top three insider holders are Investment Corp China (TenPercentOwner, 7.39Mn shares), Capital Group Global Ii, L.P. Starwood (TenPercentOwner, 2.65Mn shares), Holder, L.L.C. Pe (TenPercentOwner, 2.65Mn shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Investment Corp China | TenPercentOwner | 0 | 7,387,866 | 7,387,866 | 40.5% | 24 Jan, 2022 |
| 2 | Capital Group Global Ii, L.P. Starwood | TenPercentOwner | 2,647,059 | 0 | 2,647,059 | 14.5% | 10 May, 2024 |
| 3 | Holder, L.L.C. Pe | TenPercentOwner | 2,647,059 | 0 | 2,647,059 | 14.5% | 10 May, 2024 |
| 4 | Gp A, Llc Tpg | Other | 0 | 2,492,170 | 2,492,170 | 13.7% | 07 Aug, 2025 |
| 5 | Doug Bouquard | Chief Executive Officer | 1,070,146 | 0 | 1,070,146 | 5.9% | 02 Jul, 2026 |
| 6 | Robert Foley | Chief Financial Officer | 428,326 | 0 | 428,326 | 2.3% | 02 Jul, 2025 |
| 7 | Matthew Coleman | President | 326,961 | 0 | 326,961 | 1.8% | 02 Jul, 2026 |
| 8 | Peter A. Smith | Vice President | 308,361 | 0 | 308,361 | 1.7% | 05 Jul, 2023 |
| 9 | Avi Banyasz | Director | 162,322 | 0 | 162,322 | 0.9% | 02 Jul, 2026 |
| 10 | Deborah J. Ginsberg | Vice President Secretary | 145,185 | 0 | 145,185 | 0.8% | 05 Jul, 2023 |
| 11 | Michael Gillmore | Director | 98,699 | 0 | 98,699 | 0.5% | 28 Jul, 2026 |
| 12 | Wendy Silverstein | Director | 98,699 | 0 | 98,699 | 0.5% | 28 Jul, 2026 |
| 13 | Michael Bradley Smith | Director | 98,699 | 0 | 98,699 | 0.5% | 28 Jul, 2026 |
| 14 | Brandon C Fox | See Remark (A) | 87,577 | 0 | 87,577 | 0.5% | 02 Jul, 2026 |
| 15 | Gregory White | Director | 78,340 | 0 | 78,340 | 0.4% | 30 Dec, 2024 |
| 16 | Todd Schuster | Director | 63,978 | 0 | 63,978 | 0.4% | 28 Jul, 2026 |
| 17 | Kelvin L. Davis | Director | 59,032 | 0 | 59,032 | 0.3% | 21 Dec, 2021 |
| 18 | Julie Hong | Director | 35,330 | 0 | 35,330 | 0.2% | 02 Jul, 2026 |
| 19 | Edward J. Goldthorpe | Director | 2,169 | 0 | 2,169 | 0.0% | 29 Dec, 2025 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 24 Jul, 2026 | Michael Gillmore | Director | Acquired A | 1,109 | $8.46 | $9.38K | 98,699 | Direct |
| 24 Jul, 2026 | Michael Bradley Smith | Director | Acquired A | 1,109 | $8.46 | $9.38K | 98,699 | Direct |
| 24 Jul, 2026 | Todd Schuster | Director | Acquired A | 152 | $8.46 | $1.29K | 63,978 | Direct |
| 24 Jul, 2026 | Wendy Silverstein | Director | Acquired A | 1,109 | $8.46 | $9.38K | 98,699 | Direct |
| 30 Jun, 2026 | Doug Bouquard | Chief Executive Officer | Disposed F | 223,533 | $8.46 | $1.89Mn | 1,070,146 | Direct |
| 30 Jun, 2026 | Matthew Coleman | President | Disposed F | 34,696 | $8.46 | $293.53K | 326,961 | Direct |
| 30 Jun, 2026 | Avi Banyasz | Director | Disposed F | 20,539 | $8.46 | $173.76K | 162,322 | Direct |
| 30 Jun, 2026 | Brandon C Fox | See Remark (A) | Disposed F | 9,011 | $8.46 | $76.23K | 87,577 | Direct |
| 30 Jun, 2026 | Julie Hong | Director | Disposed F | 6,195 | $8.46 | $52.41K | 35,330 | Direct |
| 24 Apr, 2026 | Wendy Silverstein | Director | Acquired A | 1,195 | $7.61 | $9.09K | 97,590 | Direct |
| 24 Apr, 2026 | Michael Gillmore | Director | Acquired A | 1,195 | $7.61 | $9.09K | 97,590 | Direct |
| 24 Apr, 2026 | Todd Schuster | Director | Acquired A | 164 | $7.61 | $1.25K | 63,826 | Direct |
| 24 Apr, 2026 | Michael Bradley Smith | Director | Acquired A | 1,195 | $7.61 | $9.09K | 97,590 | Direct |
| 23 Jan, 2026 | Todd Schuster | Director | Acquired A | 138 | $8.79 | $1.21K | 63,662 | Direct |
| 23 Jan, 2026 | Michael Gillmore | Director | Acquired A | 1,007 | $8.79 | $8.85K | 96,395 | Direct |
| 23 Jan, 2026 | Wendy Silverstein | Director | Acquired A | 1,007 | $8.79 | $8.85K | 96,395 | Direct |
| 23 Jan, 2026 | Michael Bradley Smith | Director | Acquired A | 1,007 | $8.79 | $8.85K | 96,395 | Direct |
| 24 Dec, 2025 | Edward J. Goldthorpe | Director | Acquired A | 2,169 | $0.00 | $0 | 2,169 | Direct |
| 24 Dec, 2025 | Todd Schuster | Director | Acquired A | 13,012 | $0.00 | $0 | 63,524 | Direct |
| 24 Dec, 2025 | Wendy Silverstein | Director | Acquired A | 13,012 | $0.00 | $0 | 95,388 | Direct |