Steve Louis Brown - Mar 15, 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
Stock symbol
TRIN
Transactions as of
Mar 15, 2023
Transactions value $
-$387,081
Form type
4
Date filed
3/17/2023, 04:10 PM
Previous filing
Dec 13, 2022
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRIN Common Stock Tax liability -$387K -30.1K -6.75% $12.85 416K Mar 15, 2023 Direct F1, F2
transaction TRIN Common Stock Award $0 +220K +52.77% $0.00 636K Mar 15, 2023 Direct F2, F3
holding TRIN Common Stock 540K Mar 15, 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.