Melissa Forman-Barenblit - May 1, 2023 Form 4 Insider Report for Triumph Financial, Inc. (TFIN)

Role: EVP, Pres-TriumphPay-TBK Bank
Signature: /s/ Adam D. Nelson, Attorney-in-fact
Stock symbol: TFIN
Transactions as of: May 1, 2023
Transactions value $: -$199,414
Form type: 4
Date filed: 5/3/2023, 04:38 PM
Previous filing: Feb 21, 2023
Next filing: Sep 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TFIN	Common Stock	Award	$0	+1.95K	+7.82%	$0.00	26.9K	May 1, 2023	Direct	F1
transaction	TFIN	Common Stock	Tax liability	-$199K	-3.89K	-14.47%	$51.25	23K	May 1, 2023	Direct	F2, F3
holding	TFIN	Common Stock						295	May 1, 2023	Owned By Reporting Person's Spouse

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	+3.97K		$0.00	3.97K	May 1, 2023	Common Stock	3.97K	$51.25	Direct	F4, F5
holding	TFIN	Employee Stock Options						2.19K	May 1, 2023	Common Stock	2.19K	$69.44	Direct	F4, F5

* 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 forfeited to cover tax withholding obligations in connection with the vesting of restricted stock or restricted stock unit awards.
F3	Consists of (i) 9,764 shares beneficially owned by reporting person, and (ii) 13,244 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements.
F4	Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan.
F5	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.