Triumph Financial Form 4: EVP sells 7,275 shares under 10b5-1 plan

Rhea-AI Filing Summary

Triumph Financial, Inc. (TFIN) insider sale reported on Form 4. Edward J. Schreyer, EVP and Chief Operating Officer, sold 7,275 shares of common stock on 09/02/2025 at a weighted average price of $60.43 per share. After the sale, Schreyer beneficially owns 17,919 shares, consisting of 2,891 directly owned shares and 15,028 restricted shares or restricted stock units subject to future vesting.

The filing indicates the transaction may have been made under a Rule 10b5-1 plan. The form is signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Transaction reported transparently on Form 4 with detailed share counts and weighted average sale price
• Indication of a Rule 10b5-1 plan reduces concerns about opportunistic timing and implies pre-established authorization
• Significant restricted holdings remain (15,028 shares subject to vesting), maintaining management alignment with shareholders

Negative

• Insider sold 7,275 shares, reducing immediate economic stake
• Weighted average sale price disclosed ($60.43) may be viewed negatively by some investors seeking insider buying signals

Insights

Corporate Governance Expert

TL;DR: An executive sold a modest stake under an apparent 10b5-1 plan; ownership still includes significant restricted stock.

The sale of 7,275 shares by the EVP/COO reduces his direct stake but leaves substantial restricted holdings that remain subject to vesting. The Form 4 checks the box indicating the transaction was made pursuant to a Rule 10b5-1 plan, which suggests pre-established trading authorization and reduces ambiguity about opportunistic timing. From a governance perspective, the continued presence of 15,028 restricted shares aligns management incentives with long-term shareholder value while the sale is a routine liquidity event.

Securities Analyst

TL;DR: Transaction is a routine insider sale; impact on valuation is likely immaterial given remaining restricted holdings.

The transaction details show a weighted average sale price of $60.43 for 7,275 shares, leaving total beneficial ownership at 17,919 shares. Without additional context on company market capitalization or historical insider activity, this single sale appears limited in size relative to total holdings and is consistent with planned dispositions. The 10b5-1 designation reduces likelihood of regulatory concerns but does not change the fact of reduced immediate ownership.

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^*

Schreyer Edward Joseph

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		S		7,275	D	$60.43(1)	17,919(2)	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)
				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) 2,891 shares beneficially owned by the reporting person, and (ii) 15,028 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements.

Remarks:

	/s/ Adam D. Nelson, Attorney-in-fact	09/04/2025
	** 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 Edward J. Schreyer sell and when (TFIN)?

He sold 7,275 shares of Triumph Financial common stock on 09/02/2025 at a weighted average price of $60.43 per share.

How many shares does Schreyer beneficially own after the sale?

After the reported transaction he beneficially owns 17,919 shares, comprised of 2,891 direct shares and 15,028 restricted shares or RSUs.

Was the sale part of a pre-existing trading plan?

Yes. The Form 4 checks the box indicating the transaction was made pursuant to a Rule 10b5-1(c) plan intended to provide an affirmative defense.

Who signed the Form 4 filing?

The form is signed by Adam D. Nelson, Attorney-in-fact on behalf of the reporting person on 09/04/2025.