Steve Louis Brown - 15 Mar 2023 Form 4 Insider Report for Trinity Capital Inc. (TRIN)

Role
Chairman and CEO, Director
Signature
/s/ Sarah Stanton, on behalf of Steven L. Brown
Issuer symbol
TRIN
Transactions as of
15 Mar 2023
Net transactions value
-$387,081
Form type
4
Filing time
17 Mar 2023, 16:10:50 UTC
Previous filing
13 Dec 2022
Next filing
16 May 2023
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 $387,081 -30,123 -6.7% $12.85 416,223 15 Mar 2023 Direct F1, F2
transaction TRIN Common Stock Award $0 +219,653 +53% $0.000000 635,876 15 Mar 2023 Direct F2, F3
holding TRIN Common Stock 540,076 15 Mar 2023 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.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on March 15, 2023. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
F2 Includes (1) 164,739 restricted shares issued under the 2019 Trinity Capital Inc. Long Term Incentive Plan, which shares began quarterly vesting pro rata over the twelve full calendar quarters immediately following March 15, 2023, and (2) 204,793 restricted shares issued under the 2019 Trinity Capital Inc. Long Term Incentive Plan, which shares began quarterly vesting pro rata over the twelve full calendar quarters immediately following September 15, 2021.
F3 Restricted shares issued under the 2019 Trinity Capital Inc. Long Term Incentive Plan. 25% of such restricted shares shall vest on March 15, 2024, and the remaining 75% of such shares shall vest pro rata over the twelve full calendar quarters immediately following March 15, 2024.

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.