Does the Triumph Financial (TFIN) Form 4 show any share sales by Carlos M. Sepulveda?

The reported Form 4 shows a grant of 1,628 common shares to Carlos M. Sepulveda and additional holding entries, but it does not report any open-market share sales . The transaction code is classified as a grant, award, or other acquisition.

Triumph Financial (TFIN) director awarded 1,628 restricted stock units

Q: What insider transaction did Triumph Financial (TFIN) disclose for Carlos M. Sepulveda?

Carlos M. Sepulveda reported receiving an award of 1,628 shares of Triumph Financial common stock as a grant or restricted stock unit award at $0.00 per share . This is a compensation-related acquisition rather than an open-market stock purchase.

Q: What are the terms of the restricted stock units granted to Carlos M. Sepulveda at Triumph Financial (TFIN)?

The Form 4 footnotes state that the time-vested restricted stock units granted to Carlos M. Sepulveda vest one year from the date of award . Until vesting, these units are subject to future vesting requirements and are part of his equity-based compensation package.

Q: What does Carlos M. Sepulveda’s indirect ownership in Triumph Financial (TFIN) include?

The filing notes that Carlos M. Sepulveda indirectly owns 265 shares of Triumph Financial common stock through his spouse. A footnote clarifies these shares are held through his spouse , distinguishing them from the larger direct holdings reported in his name.

Q: What are the Triumph Financial (TFIN) depository shares reported in this Form 4?

The Form 4 discloses 12,798 depository shares held by Carlos M. Sepulveda. A footnote explains that each depository share represents a 1/40th interest in a share of the company’s 7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Triumph Financial, Inc. director Carlos M. Sepulveda reported receiving an equity award of 1,628 shares of common stock in the form of restricted stock or restricted stock units at $0.00 per share, described as a grant, award, or other acquisition for compensation.

After this award, he holds 352,940 shares of common stock directly, plus 12,798 depository shares representing interests in the company’s 7.125% Series C preferred stock, and 265 common shares indirectly through his spouse. The time-vested restricted stock units vest one year from the award date.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Sepulveda Carlos M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,628	$0.00	--
holding	Common Stock	--	--	--
holding	Depository Shares	--	--	--

Holdings After Transaction: Common Stock — 352,940 shares (Direct, null); Common Stock — 265 shares (Indirect, By Spouse); Depository Shares — 12,798 shares (Direct, null)

Footnotes (1)

Shares represented by time-vested restricted stock units that vest one year from date of award. Consists of 209,086 shares of common stock of Issuer beneficially owned by reporting person, (ii) 1,628 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements, and (iii) 142,226 shares of common stock of Issuer beneficially owned jointly with reporting person's spouse Susan Sepulveda. Represents 265 shares indirectly owned through reporting person's spouse. Each Depository Shares represents a 1/40th interest in a share of the Issuer's 7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share.

Key Figures

RSU grant: 1,628 shares Direct common stock holdings: 352,940 shares Depository shares: 12,798 depository shares +2 more

5 metrics

RSU grant 1,628 shares Time-vested restricted stock units granted at $0.00 per share

Direct common stock holdings 352,940 shares Total common shares directly owned after the reported award

Depository shares 12,798 depository shares Each represents 1/40th of a 7.125% Series C preferred share

Indirect common stock holdings 265 shares Common stock indirectly owned through reporting person’s spouse

Preferred dividend rate 7.125% Fixed rate on Series C Non-Cumulative Perpetual Preferred Stock

Key Terms

restricted stock units, time-vested, beneficially owned, Depository Shares, +1 more

5 terms

restricted stock units financial

"Shares represented by time-vested restricted stock units that vest one year from date of award."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

time-vested financial

"Shares represented by time-vested restricted stock units that vest one year from date of award."

Time-vested describes a right—such as stock options, restricted shares, or pension benefits—that becomes fully owned by an individual only after they have waited for or worked through a specified period. For investors, it matters because these delayed ownership rules affect when insiders or employees can sell shares, which influences share supply, executive incentives, and the timing of potential stock dilution or insider-driven stock sales.

beneficially owned financial

"Consists of 209,086 shares of common stock of Issuer beneficially owned by reporting person..."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Depository Shares financial

"Each Depository Shares represents a 1/40th interest in a share of the Issuer's 7.125% Series C..."

Non-Cumulative Perpetual Preferred Stock financial

"7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share."

Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 04:34 PM

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).

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^*

Sepulveda Carlos M

(Last)

(First)

(Middle)

12700 PARK CENTRAL DRIVE

SUITE 1700

(Street)

DALLAS

TEXAS

75251

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/01/2026		A		1,628⁽¹⁾	A	$0	352,940⁽²⁾	D
Common Stock								265	I	By Spouse⁽³⁾
Depository Shares⁽⁴⁾								12,798	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares represented by time-vested restricted stock units that vest one year from date of award.

2. Consists of 209,086 shares of common stock of Issuer beneficially owned by reporting person, (ii) 1,628 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements, and (iii) 142,226 shares of common stock of Issuer beneficially owned jointly with reporting person's spouse Susan Sepulveda.

3. Represents 265 shares indirectly owned through reporting person's spouse.

4. Each Depository Shares represents a 1/40th interest in a share of the Issuer's 7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share.

Remarks:

	/s/ Adam D. Nelson, Attorney-in-fact	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Triumph Financial (TFIN) disclose for Carlos M. Sepulveda?

Carlos M. Sepulveda reported receiving an award of 1,628 shares of Triumph Financial common stock as a grant or restricted stock unit award at $0.00 per share. This is a compensation-related acquisition rather than an open-market stock purchase.

How many Triumph Financial (TFIN) shares does Carlos M. Sepulveda hold after this Form 4?

Following the reported award, Carlos M. Sepulveda directly holds 352,940 shares of Triumph Financial common stock. In addition, he has 265 common shares indirectly through his spouse and 12,798 depository shares representing interests in the company’s 7.125% Series C preferred stock.

What are the terms of the restricted stock units granted to Carlos M. Sepulveda at Triumph Financial (TFIN)?

The Form 4 footnotes state that the time-vested restricted stock units granted to Carlos M. Sepulveda vest one year from the date of award. Until vesting, these units are subject to future vesting requirements and are part of his equity-based compensation package.

What does Carlos M. Sepulveda’s indirect ownership in Triumph Financial (TFIN) include?

The filing notes that Carlos M. Sepulveda indirectly owns 265 shares of Triumph Financial common stock through his spouse. A footnote clarifies these shares are held through his spouse, distinguishing them from the larger direct holdings reported in his name.

What are the Triumph Financial (TFIN) depository shares reported in this Form 4?

The Form 4 discloses 12,798 depository shares held by Carlos M. Sepulveda. A footnote explains that each depository share represents a 1/40th interest in a share of the company’s 7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock.