Melissa Forman-Barenblit - 01 May 2023 Form 4 Insider Report for Triumph Financial, Inc. (TFIN)

Role: EVP, Pres-TriumphPay-TBK Bank
Signature: /s/ Adam D. Nelson, Attorney-in-fact
Issuer symbol: TFIN
Transactions as of: 01 May 2023
Net transactions value: -$199,414
Form type: 4
Filing time: 03 May 2023, 16:38:55 UTC
Previous filing: 21 Feb 2023
Next filing: 15 Sep 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	+1,951	+7.8%	$0.000000	26,899	01 May 2023	Direct	F1
transaction	TFIN	Common Stock	Tax liability	$199,414	-3,891	-14%	$51.25	23,008	01 May 2023	Direct	F2, F3
holding	TFIN	Common Stock						295	01 May 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	+3,968		$0.000000	3,968	01 May 2023	Common Stock	3,968	$51.25	Direct	F4, F5
holding	TFIN	Employee Stock Options						2,187	01 May 2023	Common Stock	2,187	$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.