TFIN Insider Sale: CEO Disposes 6,500 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Aaron P. Graft, President & CEO and a director of Triumph Financial, Inc. (TFIN), executed a planned sale of 6,500 shares of the company's common stock on 08/22/2025 at a weighted-average price of $60.18 per share under a written plan indicated by the checked Rule 10b5-1 box. After the transaction, Mr. Graft beneficially owned 144,558 shares (consisting of 123,023 directly held shares and 21,535 restricted shares/RSUs subject to vesting). An additional 3,315 shares are indirectly owned through his spouse via a custodial IRA.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating the sale was prearranged and reduces timing concerns
• Reporting person retains substantial ownership: 144,558 shares beneficially owned after the sale
• Disclosure separates direct, restricted, and indirect holdings, improving transparency (123,023 direct; 21,535 restricted; 3,315 indirect via spouse)

Negative

• Reduction in direct holdings by 6,500 shares via sale on 08/22/2025 at a weighted-average price of $60.18

Insights

Financial Analyst

TL;DR: Insider sale under a 10b5-1 plan; retains substantial equity stake, suggesting no immediate change to control.

The reported sale of 6,500 shares at a weighted-average price of $60.18 was executed pursuant to a prearranged plan, which typically reduces information-timing risk associated with ad hoc insider trades. Post-sale beneficial ownership of 144,558 shares indicates meaningful continued alignment with shareholders. The transaction size relative to total holdings appears modest, and no derivative transactions or other disposals were reported. For valuation impact, this single sale is routine unless aggregated with other undisclosed insider activity.

Corporate Governance Expert

TL;DR: Use of a Rule 10b5-1 plan signals compliance; disclosure is straightforward and complete regarding indirect holdings.

The filing clearly checks the 10b5-1 plan box, which supports that the sale was preplanned and not based on material nonpublic information. The report delineates direct versus indirect holdings and quantifies restricted stock/RSUs subject to future vesting, which aids transparency. There are no indications of unusual governance actions or director/officer departures in this form; the transaction appears to be a routine, disclosed disposition.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Graft Aaron P

(Last) (First) (Middle)

12700 PARK CENTRAL DRIVE

SUITE 1700

(Street)

DALLAS TX 75251

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Triumph Financial, Inc. [ TFIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/22/2025		S		6,500	D	$60.18(1)	144,558(2)	D
Common Stock								3,315	I	By Spouse(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Consists of (i) 123,023 shares beneficially owned by reporting person, and (ii) 21,535 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements.

3. 3,315 shares indirectly owned through reporting person's spouse, by Goldman Sachs custodian FBO Kimberly Graft Roth IRA.

Remarks:

	/s/ Adam D. Nelson, Attorney-in-fact	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Aaron P. Graft (TFIN) do on 08/22/2025?

He sold 6,500 shares of Triumph Financial common stock at a weighted-average price of $60.18 per share under a written 10b5-1 plan.

How many shares does the CEO of TFIN own after the reported transaction?

The filing reports the CEO beneficially owns 144,558 shares following the sale, comprising direct and restricted holdings.

Are any shares indirectly owned by the reporting person?

Yes, 3,315 shares are held indirectly through the reporting person’s spouse via a Goldman Sachs custodian custodial IRA.

Does this Form 4 indicate use of a Rule 10b5-1 trading plan?

Yes, the form indicates the transaction was made pursuant to a Rule 10b5-1(c) written plan.

Does the filing report any derivative transactions or option exercises?

No. The filing only reports a non-derivative sale of common stock and lists existing restricted stock/RSUs; no derivative securities were reported.