Adam D. Nelson - 01 May 2025 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: 01 May 2025
Net transactions value: -$23,112
Form type: 4
Filing time: 05 May 2025, 18:17:02 UTC
Previous filing: 12 Jul 2024
Next filing: 02 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Nelson Adam D	EVP and General Counsel	12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS	/s/ Adam D. Nelson	05 May 2025	0001621766

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TFIN	Common Stock	Award	$0	+2,298	+7.1%	$0.000000	34,583	01 May 2025	Direct	F1
transaction	TFIN	Common Stock	Award	$0	+674	+1.9%	$0.000000	35,257	01 May 2025	Direct	F2
transaction	TFIN	Common Stock	Tax liability	$23,112	-425	-1.2%	$54.38	34,832	01 May 2025	Direct	F3, F4

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	+4,409		$0.000000	4,409	01 May 2025	Common Stock	4,409	$54.38	Direct	F5, F6
holding	TFIN	Employee Stock Options						2,010	01 May 2025	Common Stock	2,010	$72.00	Direct	F5, F6
holding	TFIN	Employee Stock Options						2,976	01 May 2025	Common Stock	2,976	$51.25	Direct	F5, F6
holding	TFIN	Employee Stock Options						2,187	01 May 2025	Common Stock	2,187	$69.44	Direct	F5, F6
holding	TFIN	Employee Stock Options						1,802	01 May 2025	Common Stock	1,802	$88.63	Direct	F5, F6
holding	TFIN	Employee Stock Options						2,529	01 May 2025	Common Stock	2,529	$31.00	Direct	F5, F6
holding	TFIN	Employee Stock Options						3,508	01 May 2025	Common Stock	3,508	$38.75	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 units and performance awards.
F4	Consists of (i) 30,768 shares beneficially owned by reporting person, and (ii) 4,064 shares of restricted stock or restricted stock units 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.