Key facts
- This page summarizes Michael Testa's Form 4 filing for Trinity Capital Inc. (TRIN).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 18 Mar 2025, 19:48.
Michael Testa - 14 Mar 2025 Form 4 Insider Report for Trinity Capital Inc. (TRIN)
- Reporting relationship
- CFO and Treasurer
- Issuer ticker
- TRIN
- Reported as of
- 14 Mar 2025
- Net transaction value
- -$78,691
- SEC form
- 4
- Accepted by SEC
- 18 Mar 2025, 19:48:33 UTC
- Prior SEC filing
- 26 Dec 2024
- Next SEC filing
- 17 Jun 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael Testa
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Testa filed Form 4 for Trinity Capital Inc. (TRIN) on 18 Mar 2025.
Change
- Previous filing in this sequence was filed on 26 Dec 2024.
- Current net transaction value: -$78,691.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TRIN
transaction
Common Stock
Tax liability
- Transaction value
- $78,691
- Shares
- -4,971
- Change %
- -4.7%
- Price
- $15.83
- Shares after
- 101,617
- Date
- 14 Mar 2025
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TRIN
transaction
Derivative
Employee Stock Option (right to buy)
Award
- Transaction value
- $0
- Shares
- +300,000
- Change %
- Price
- $0.000000
- Shares after
- 300,000
- Date
- 14 Mar 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 300,000
- Exercise price
- $15.83
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 2 footnotes
Footnote F1
Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on March 14, 2025. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
Footnote F2
If at any time on or prior to March 14, 2026 the volume weighted average trading price ("VWAP") per share of Trinity Capital Inc.'s common stock (the "Stock") on any established stock exchange or national market system for ninety (90) consecutive calendar days ending on the last trading day preceding the applicable day is equal to or greater than $23.75, then, provided that Mr. Testa remains in the continuous employment of Trinity Capital Inc. through the applicable vesting date (subject to certain limited exceptions), the stock option will vest as follows: 25% on March 14, 2026 with the remaining 75% vesting pro rata over the twelve full calendar quarters immediately following March 14, 2026. For the avoidance of doubt, both the VWAP condition and the service condition must be satisfied for the stock option to vest in accordance with its terms.