Steve Louis Brown - Sep 13, 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
Sep 13, 2024
Transactions value $
-$260,475
Form type
4
Date filed
9/18/2024, 06:21 PM
Previous filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRIN Common Stock Tax liability -$260K -18.6K -2.58% $13.98 703K Sep 13, 2024 Direct F1, F2
holding TRIN Common Stock 541K Sep 13, 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.

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 September 13, 2024. The Transaction is exempt from Section 16(b) pursuant to Rule 16b-3.
F2 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% of such 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% on March 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 March 15, 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 shares issued 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.