Adam D. Nelson - 09 Feb 2024 Form 4 Insider Report for Triumph Financial, Inc. (TFIN)

Role
EVP and General Counsel
Signature
/s/ Adam D. Nelson
Issuer symbol
TFIN
Transactions as of
09 Feb 2024
Net transactions value
-$403,287
Form type
4
Filing time
13 Feb 2024, 16:01:40 UTC
Previous filing
07 Dec 2023
Next filing
03 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFIN Common Stock Options Exercise $12,900 +500 +1.6% $25.80 31,550 09 Feb 2024 Direct
transaction TFIN Common Stock Sale $40,000 -500 -1.6% $80.00 31,050 09 Feb 2024 Direct F1
transaction TFIN Common Stock Options Exercise $116,693 +4,523 +15% $25.80 35,573 12 Feb 2024 Direct
transaction TFIN Common Stock Sale $363,287 -4,523 -13% $80.32 31,050 12 Feb 2024 Direct F1, F2

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 Options Exercise $12,900 -500 -10% $25.80 4,523 09 Feb 2024 Common Stock 500 $25.80 Direct F3, F4
transaction TFIN Employee Stock Options Options Exercise $116,693 -4,523 -100% $25.80 0 12 Feb 2024 Common Stock 4,523 $25.80 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported price in Column 4 represents the weighted average price per share. Reporting person shall provide upon request by the Commission staff, the Issuer, or a Security Holder of the Issuer, full information regarding the number of shares purchased at each separate price.
F2 Consists of (i) 28,080 shares beneficially owned by reporting person, and (ii) 2,970 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements.
F3 Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan.
F4 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.