Michael Testa - 14 Jun 2024 Form 4 Insider Report for Trinity Capital Inc. (TRIN)

Role: CFO and Treasurer
Signature: /s/ Michael Testa
Issuer symbol: TRIN
Transactions as of: 14 Jun 2024
Net transactions value: -$10,804
Form type: 4
Filing time: 18 Jun 2024, 17:16:29 UTC
Previous filing: 19 Mar 2024
Next filing: 18 Sep 2024
SEC: View on sec.gov

Quoteable Key Fact

"Michael Testa filed Form 4 for Trinity Capital Inc. (TRIN) on 18 Jun 2024."

Quick Takeaways

This page summarizes Michael Testa's Form 4 filing for Trinity Capital Inc. (TRIN).
1 reported transaction and 0 derivative rows are listed below.
Filing timestamp: 18 Jun 2024, 17:16.

What Changed

Previous filing in this sequence was filed on 19 Mar 2024.
Current net transaction value: -$10,804.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRIN	Common Stock	Tax liability	$10,804	-729	-1.1%	$14.82	66,665	14 Jun 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on June 14, 2024. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
F2	Includes (1) 40,541 shares issued under the 2019 Trinity Capital Inc. Long Term Incentive Plan (the "LTIP") on March 15, 2024, which shares vest 25% on March 15, 2025, with the remaining 75% ofsuch shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2025; (2) 17,588 shares issued under the LTIP on March 15, 2023, which shares vested 25% on March15, 2024, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2024; (3) 5,780 shares issued under the LTIP on March 15, 2022,which shares vested 25% on March 15, 2023, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters following March 15, 2023; and (4) 4,550 shares issued underthe LTIP on September 15, 2021, which shares began vesting quarterly pro rata over the twelve full calendar quarters immediately following September 15, 2021.

Content

Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on June 14, 2024. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.

Includes (1) 40,541 shares issued under the 2019 Trinity Capital Inc. Long Term Incentive Plan (the "LTIP") on March 15, 2024, which shares vest 25% on March 15, 2025, with the remaining 75% ofsuch shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2025; (2) 17,588 shares issued under the LTIP on March 15, 2023, which shares vested 25% on March15, 2024, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2024; (3) 5,780 shares issued under the LTIP on March 15, 2022,which shares vested 25% on March 15, 2023, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters following March 15, 2023; and (4) 4,550 shares issued underthe LTIP on September 15, 2021, which shares began vesting quarterly pro rata over the twelve full calendar quarters immediately following September 15, 2021.