Todd Ritterbusch - 01 May 2023 Form 4 Insider Report for Triumph Financial, Inc. (TFIN)

Role: President - TBK Bank, SSB
Signature: Adam D. Nelson, Attorney-in-fact
Issuer symbol: TFIN
Transactions as of: 01 May 2023
Net transactions value: -$135,812
Form type: 4
Filing time: 03 May 2023, 16:37:25 UTC
Previous filing: 21 Feb 2023
Next filing: 26 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TFIN	Common Stock	Award	$0	+1,463	+9.4%	$0.000000	17,013	01 May 2023	Direct	F1
transaction	TFIN	Common Stock	Award	$0	+4,611	+27%	$0.000000	21,624	01 May 2023	Direct	F2
transaction	TFIN	Common Stock	Tax liability	$135,812	-2,650	-12%	$51.25	18,974	01 May 2023	Direct	F3, F4
holding	TFIN	Depository Shares						20,000	01 May 2023	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	+2,976		$0.000000	2,976	01 May 2023	Common Stock	2,976	$51.25	Direct	F5, F6
holding	TFIN	Employee Stock Options						2,187	01 May 2023	Common Stock	2,187	$69.44	Direct	F5, F6
holding	TFIN	Employee Stock Options						1,442	01 May 2023	Common Stock	1,442	$88.63	Direct	F5, F6
holding	TFIN	Employee Stock Options						2,931	01 May 2023	Common Stock	3,907	$26.25	Direct	F5, F6
holding	TFIN	Employee Stock Options						945	01 May 2023	Common Stock	1,890	$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 or restricted stock unit and performance awards.
F4	Consists of (i) 16,133 shares beneficially owned by reporting person, and (ii) 2,841 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.