Ronald E. Estes - 07 Nov 2025 Form 4 Insider Report for Trinity Capital Inc. (TRIN)

Role: Director
Signature: /s/ Sarah Stanton, on behalf of Ronald E. Estes
Issuer symbol: TRIN
Transactions as of: 07 Nov 2025
Net transactions value: +$28,880
Form type: 4
Filing time: 10 Nov 2025, 16:38:36 UTC
Previous filing: 15 Sep 2025
Next filing: 20 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Estes Ronald E.	Director	C/O TRINITY CAPITAL INC., 1 N. 1ST STREET, SUITE 302, PHOENIX	/s/ Sarah Stanton, on behalf of Ronald E. Estes	10 Nov 2025	0001796067

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRIN	Common Stock	Purchase	$28,880	+2,000	+5.4%	$14.44	38,779	07 Nov 2025	Direct	F1, F2
holding	TRIN	Common Stock						6,837	07 Nov 2025	By The Estes Revocable Trust, dated January 12, 1990

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted-average price, rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $14.40 to $14.47 per share, inclusive. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, Trinity Capital Inc. (the "Company"), or a security holder of the Company, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2	Includes 3,443 restricted shares issued under the Trinity Capital Inc. 2019 Non-Employee Director Restricted Stock Plan, as amended. Such restricted shares shall vest in full on the earlier of (1) June 12, 2026 or (2) the date immediately preceding the next annual meeting of stockholders.

Content

The price reported in Column 4 is a weighted-average price, rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $14.40 to $14.47 per share, inclusive. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, Trinity Capital Inc. (the "Company"), or a security holder of the Company, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Includes 3,443 restricted shares issued under the Trinity Capital Inc. 2019 Non-Employee Director Restricted Stock Plan, as amended. Such restricted shares shall vest in full on the earlier of (1) June 12, 2026 or (2) the date immediately preceding the next annual meeting of stockholders.

Remarks:

Sarah Stanton is signing on behalf of Mr. Estes pursuant to the power of attorney dated March 11, 2021, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. Estes filed on March 12, 2021.