Kyle S. Brown - 14 Mar 2025 Form 4 Insider Report for Trinity Capital Inc. (TRIN)

Role
CEO, President and CIO, Director
Signature
/s/ Sarah Stanton, on behalf of Kyle Brown
Issuer symbol
TRIN
Transactions as of
14 Mar 2025
Net transactions value
-$508,032
Form type
4
Filing time
18 Mar 2025, 19:50:23 UTC
Previous filing
26 Dec 2024
Next filing
12 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRIN Common Stock Tax liability $508,032 -32,093 -3.1% $15.83 1,019,285 14 Mar 2025 Direct F1, F2
holding TRIN Common Stock 51,819 14 Mar 2025 By The Kyle and Amy Brown Family Trust, dated February 4, 2019
holding TRIN Common Stock 10,825 14 Mar 2025 By KBIZ Corp., which Mr. K. Brown solely owns and controls

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TRIN Employee Stock Option (right to buy) Award $0 +300,000 $0.000000 300,000 14 Mar 2025 Common Stock 300,000 $15.83 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to Trinity Capital Inc.'s distribution reinvestment plan.
F2 Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on March 14, 2025. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
F3 If at any time on or prior to March 14, 2026 the volume weighted average trading price ("VWAP") per share of Trinity Capital Inc.'s common stock (the "Stock") on any established stock exchange or national market system for ninety (90) consecutive calendar days ending on the last trading day preceding the applicable day is equal to or greater than $23.75, then, provided that Mr. K. Brown remains in the continuous employment of Trinity Capital Inc. through the applicable vesting date (subject to certain limited exceptions), the stock option will vest as follows: 25% on March 14, 2026 with the remaining 75% vesting pro rata over the twelve full calendar quarters immediately following March 14, 2026. For the avoidance of doubt, both the VWAP condition and the service condition must be satisfied for the stock option to vest in accordance with its terms.

Remarks:

Sarah Stanton is signing on behalf of Mr. K. Brown pursuant to the power of attorney dated September 17, 2021, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. K. Brown filed on September 17, 2021.