Todd Ritterbusch - May 1, 2022 Form 4 Insider Report for Triumph Bancorp, Inc. (TFIN)

Role: President - TBK Bank, SSB
Signature: /s/ Adam D. Nelson, Attorney-in-fact
Stock symbol: TFIN
Transactions as of: May 1, 2022
Transactions value $: -$73,884
Form type: 4
Date filed: 5/4/2022, 04:57 PM
Previous filing: Jun 16, 2021
Next filing: Feb 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TFIN	Common Stock	Award	$0	+1.01K	+14.26%	$0.00	8.11K	May 1, 2022	Direct	F1
transaction	TFIN	Common Stock	Award	$0	+2.14K	+26.39%	$0.00	10.2K	May 1, 2022	Direct	F2
transaction	TFIN	Common Stock	Tax liability	-$73.9K	-1.06K	-10.38%	$69.44	9.18K	May 1, 2022	Direct	F3, F4
holding	TFIN	Depository Shares						20K	May 1, 2022	Direct

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	TFIN	Employee Stock Options	Award	$0	+2.19K		$0.00	2.19K	May 1, 2022	Common Stock	2.19K	$69.44	Direct	F5, F6
holding	TFIN	Employee Stock Options						1.44K	May 1, 2022	Common Stock	1.44K	$88.63	Direct	F5, F6
holding	TFIN	Employee Stock Options						2.93K	May 1, 2022	Common Stock	3.91K	$26.25	Direct	F5, F6
holding	TFIN	Employee Stock Options						945	May 1, 2022	Common Stock	1.89K	$31.00	Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest on the ratably on each of the first four anniversaries of the grant date.
F2	Represents the number of shares earned upon satisfaction of performance goals in connection with performance-based restricted stock units.
F3	Represents the number of shares forfeited to cover tax withholding obligations in connection with the vesting of restricted stock and performance awards.
F4	Consists of (i) 5,314 shares beneficially owned by reporting person, and (ii) 3,870 shares of restricted stock of the reporting person subject to future vesting requirements.
F5	Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan.
F6	Exercise of the employee stock option is subject to vesting over four years from the date of grant, with one fourth of such options becoming exercisable on each of the first four anniversaries of the date of grant.