Kyle S. Brown - 14 Mar 2025 Form 4 Insider Report for Trinity Capital Inc. (TRIN)

Reporting relationship: CEO, President and CIO, Director
Issuer ticker: TRIN
Reported as of: 14 Mar 2025
Net transaction value: -$508,032
SEC form: 4
Accepted by SEC: 18 Mar 2025, 19:50:23 UTC
Prior SEC filing: 26 Dec 2024
Next SEC filing: 12 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Sarah Stanton, on behalf of Kyle Brown

Key filing fact

Kyle S. Brown filed Form 4 for Trinity Capital Inc. (TRIN) on 18 Mar 2025.

Key facts

This page summarizes Kyle S. Brown'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, 19:50.

Change

Previous filing in this sequence was filed on 26 Dec 2024.
Current net transaction value: -$508,032.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TRIN transaction

Common Stock

Tax liability

Transaction value: $508,032
Shares: -32,093
Change %: -3.1%
Price: $15.83
Shares after: 1,019,285
Date: 14 Mar 2025
Ownership: Direct
Footnotes: F1, F2

TRIN holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 51,819
Date: 14 Mar 2025
Ownership: By The Kyle and Amy Brown Family Trust, dated February 4, 2019

TRIN holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,825
Date: 14 Mar 2025
Ownership: By KBIZ Corp., which Mr. K. Brown solely owns and controls

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: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Includes shares acquired pursuant to Trinity Capital Inc.'s distribution reinvestment plan.

Footnote F2

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 F3

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. K. Brown 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.

SEC remarks

Sarah Stanton is signing on behalf of Mr. K. Brown pursuant to the power of attorney dated September 17, 2021, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. K. Brown filed on September 17, 2021.