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Filing Details

Accession Number:: 0001140361-23-037391
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-01 16:30:21
Reporting Period:: 2023-07-30

Accepted Time:: 2023-08-01 16:30:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
937098	Trinet Group Inc.	TNET	Services-Business Services, Nec (7389)	953359658

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1393014	J Michael Angelakis	C/O Atairos Management, L.p. 40 Morris Avenue Bryn Mawr PA 19010	No	No	No	No
1671122	Atairos Group, Inc.	C/O Atairos Management, L.p. 40 Morris Avenue Bryn Mawr PA 19010	No	No	No	No
1671176	Atairos Partners Gp, Inc.	C/O Atairos Management, L.p. 40 Morris Avenue Bryn Mawr PA 19010	No	No	No	No
1671185	Atairos Partners, L.p.	C/O Atairos Management, L.p. 40 Morris Avenue Bryn Mawr PA 19010	No	No	No	No
1694477	A-T Holdings Gp, Llc	C/O Atairos Management, L.p. 40 Morris Avenue Bryn Mawr PA 19010	No	No	No	No
1694481	Agi-T, L.p.	C/O Atairos Management, L.p. 40 Morris Avenue Bryn Mawr PA 19010	No	No	No	No
1697046	A-A Sma, L.p.	C/O Atairos Management, L.p. 40 Morris Avenue, Third Floor Bryn Mawr PA 19010	No	No	No	No
1697053	A-A Sma Gp, Llc	C/O Atairos Management, L.p. 40 Monroe Avenue, Third Floor Bryn Mawr PA 19010	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2023-07-30	589,593	$107.00	3,169,354	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2023-07-30	2,774,893	$107.00	14,916,419	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	30,086	Indirect	See Footnotes

Footnotes

On July 30, 2023, in connection with a fixed price tender offer, which was announced on July 31, 2023 (the "Tender Offer"), the Issuer entered into a repurchase agreement (the "Repurchase Agreement") with AGI-T, L.P. and A-A SMA, L.P. whereby, each of AGI-T, L.P. and A-A SMA, L.P. agreed to sell on a pro rata basis, and the Issuer agreed to repurchase for cash, an aggregate of a minimum of 3,364,486 shares of the Issuer's common stock, par value $0.000025 per share ("Common Stock"), at the price at which the Issuer purchases shares of the Issuer's common stock in the Tender Offer, provided such price is no less than $107.00 per share. In certain circumstances as set forth in the Repurchase Agreement, the repurchased share amount may be increased. The closing of the share repurchase is conditioned upon the consummation of the Issuer's fixed price tender offer which was announced on July 31, 2023.
Reflects shares of Common Stock directly held by A-A SMA, L.P.
Reflects shares of Common Stock directly held by AGI-T, L.P.
Reflects (i) 2,807 Restricted Stock Units and (ii) 27,279 shares of Common Stock directly held by Michael J. Angelakis, which were previously delivered to Mr. Angelakis in connection with the vesting of Restricted Stock Units granted to him in his capacity as a director of the Issuer.
This Form 4 is being filed by more than one Reporting Person. A-T Holdings GP, LLC is the general partner of AGI-T, L.P. Atairos Group, Inc. is the sole member and manager of A-T Holdings GP, LLC and the sole limited partner of AGI-T, L.P. A-A SMA GP, LLC is the general partner of A-A SMA, L.P. Atairos Group, Inc. is the sole member and manager of A-A SMA GP, LLC and the sole limited partner of A-A SMA, L.P. Atairos Partners, L.P. is the sole voting shareholder of Atairos Group, Inc. Atairos Partners GP, Inc. is the general partner of Atairos Partners, L.P. Mr. Angelakis directly or indirectly controls a majority of the voting power of Atairos Partners GP, Inc. and serves on the board of directors of the Issuer.
Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.