TPG RE Finance Trust TRTX Insider Ownership

NYSE TRTX

$6.55 -0.18 (-2.74%)

As of: Nov 10, 2026 · 3:59 PM EST

Insider Holdings by Owner

18.03Mn Shares

Investment Corp China7.39Mn41.0%

Holder, L.L.C. Pe2.65Mn14.7%

Capital Group Global Ii, L.P. Starwood2.65Mn14.7%

Gp A, Llc Tpg2.49Mn13.8%

Doug Bouquard1.07Mn5.9%

Other insiders (13)1.79Mn9.9%

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

6.64%

▲+0.066% pp QoQ

Shares Held by Insiders

5.07Mn

filed for Sep 2026

▲+0.07% QoQ

Shares Outstanding

76.33Mn

76,333,913 shares

Direct Holdings

2.55Mn

Indirect: 2.52Mn

Net Open-Market Trades

no open-market trades in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Open-Market Insider Trades

Bought Sold

Latest quarter —

Net over range —

Net-buying quarters —

Insider Ownership Summary

Updated Nov 4, 2026

Over the past year, TRTX insiders bought $298,699 of stock (45.9K shares) on the open market and sold none.

TPG RE Finance Trust's open-market purchases in the past 12 months came from 3 insiders; no insider sold.
Among TRTX's insiders, Wendy Silverstein (Director) was the top open-market buyer in the past 12 months, with $253,239 of stock purchased (38.9K shares) and the latest purchase on October 30, 2026.
Apart from open-market trades, TRTX insiders received 533.07K shares in stock awards and gave up 293.97K shares to cover taxes or exercise prices in the past 12 months.
Per Business Quant data, TPG RE Finance Trust insiders hold 5.12Mn shares in total based on their latest Form 4 filings, up 1.07% from 5.06Mn shares at the end of Q2 2026.
TPG RE Finance Trust insiders hold 2.56Mn shares directly (50.05% of their total) and 2.56Mn shares (49.95%) indirectly, through entities such as trusts and partnerships.
Business Quant counts 13 insiders with holdings in TPG RE Finance Trust stock, among the officers, directors and 10% owners who have filed a Form 4 in the past two years.
TRTX's three largest insider shareholders, per their latest Form 4 filings, are TPG GP A, LLC (2.49Mn shares), Doug Bouquard (Chief Executive Officer, 1.07Mn shares) and Robert Foley (Chief Financial Officer, 428.33K shares).
TPG GP A, LLC alone accounts for 48.70% of the shares held by TPG RE Finance Trust insiders.
Institutions owned 75.29% of TRTX shares as of Q2 2026; insiders' latest Form 4 filings account for about 6.70%, leaving roughly 18.01% with other investors, including the public.
In the last 12 months, 34 Form 4 filings with transactions in TRTX stock came from 10 insiders.
This summary of TPG RE Finance Trust insider activity covers Form 4 filings through November 3, 2026.

Form 4 Holdings

Insiders Holding TRTX

Insiders 18

Shares held 18.03Mn

Of outstanding 23.62%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Investment Corp China	TenPercentOwner	0	7,387,866	7,387,866	41.0%	24 Jan, 2022
2	Holder, L.L.C. Pe	TenPercentOwner	2,647,059	0	2,647,059	14.7%	10 May, 2024
3	Capital Group Global Ii, L.P. Starwood	TenPercentOwner	2,647,059	0	2,647,059	14.7%	10 May, 2024
4	Gp A, Llc Tpg	Other	0	2,492,170	2,492,170	13.8%	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	2.4%	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 Bradley Smith	Director	105,223	0	105,223	0.6%	03 Nov, 2026
12	Brandon C Fox	See Remark (A)	87,577	0	87,577	0.5%	02 Jul, 2026
13	Gregory White	Director	78,340	0	78,340	0.4%	30 Dec, 2024
14	Todd Schuster	Director	64,188	0	64,188	0.4%	27 Oct, 2026
15	Wendy Silverstein	Director	0	38,900	38,900	0.2%	03 Nov, 2026
16	Julie Hong	Director	35,330	0	35,330	0.2%	02 Jul, 2026
17	Michael Gillmore	Director	0	2,500	2,500	0.0%	03 Nov, 2026
18	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.

Form 4 Filings

343 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
30 Oct, 2026	Michael Bradley Smith	Director	Acquired P	5,000	$6.52	$32.60K	105,223	Direct
30 Oct, 2026	Wendy Silverstein	Director	Acquired P	38,900	$6.51	$253.24K	38,900	Indirect
30 Oct, 2026	Michael Gillmore	Director	Acquired P	2,000	$6.43	$12.86K	2,500	Indirect
23 Oct, 2026	Michael Gillmore	Director	Acquired A	1,524	$6.33	$9.65K	100,223	Direct
23 Oct, 2026	Wendy Silverstein	Director	Acquired A	1,524	$6.33	$9.65K	100,223	Direct
23 Oct, 2026	Todd Schuster	Director	Acquired A	210	$6.33	$1.33K	64,188	Direct
23 Oct, 2026	Michael Bradley Smith	Director	Acquired A	1,524	$6.33	$9.65K	100,223	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
24 Jul, 2026	Michael Gillmore	Director	Acquired A	1,109	$8.46	$9.38K	98,699	Direct
30 Jun, 2026	Julie Hong	Director	Disposed F	6,195	$8.46	$52.41K	35,330	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
24 Apr, 2026	Todd Schuster	Director	Acquired A	164	$7.61	$1.25K	63,826	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	Michael Bradley Smith	Director	Acquired A	1,195	$7.61	$9.09K	97,590	Direct

Showing 1 to 20 of 343 transactions