Steve Louis Brown - Jun 14, 2024 Form 4 Insider Report for Trinity Capital Inc. (TRIN)

Role: Executive Chairman, Director
Signature: /s/ Sarah Stanton, on behalf of Steven L. Brown
Stock symbol: TRIN
Transactions as of: Jun 14, 2024
Transactions value $: -$276,126
Form type: 4
Date filed: 6/18/2024, 05:38 PM
Previous filing: Mar 19, 2024
Next filing: Sep 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRIN	Common Stock	Tax liability	-$276K	-18.6K	-2.52%	$14.82	721K	Jun 14, 2024	Direct	F1, F2
holding	TRIN	Common Stock						541K	Jun 14, 2024	By The Steven and Patricia Brown Family Trust, dated March 19, 1998

* 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 the vesting of restricted shares on June 14, 2024. The Transaction is exempt from Section 16(b) pursuant to Rule 16b-3.
F2	2. Includes (1) 162,162 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) 219,653 shares issued under the LTIP on March 15, 2023, which shares vested 25% onMarch 15, 2024, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2024; (3) 219,653 shares issued under the LTIP on March15, 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) 204,793 sharesissued under the 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 the vesting of restricted shares on June 14, 2024. The Transaction is exempt from Section 16(b) pursuant to Rule 16b-3.

2. Includes (1) 162,162 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) 219,653 shares issued under the LTIP on March 15, 2023, which shares vested 25% onMarch 15, 2024, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2024; (3) 219,653 shares issued under the LTIP on March15, 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) 204,793 sharesissued under the LTIP on September 15, 2021, which shares began vesting quarterly pro rata over the twelve full calendar quarters immediately following September 15, 2021.

Remarks:

Sarah Stanton is signing on behalf of Mr. S. Brown pursuant to the power of attorney dated June 2, 2021, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. S. Brown filed on June 2, 2021.