Trinity Capital (TRIN) CEO Kyle Brown reports tax-withheld and trust-held shares

Rhea-AI Filing Summary

Trinity Capital Inc. insider Kyle S. Brown, who serves as CEO, President, CIO and a director, reported an update to his holdings following equity compensation activity. On December 15, 2025, 16,187 shares of common stock were withheld at $15.12 per share to cover his tax obligations tied to the vesting of restricted shares, an event noted as exempt from certain short-swing profit rules. After this transaction, he beneficially owned 285,700.294 common shares directly and 762,070 common shares indirectly through The Kyle and Amy Brown Family Trust dated February 4, 2019. The filing also notes that his holdings include shares acquired through Trinity Capital’s dividend reinvestment arrangements and reflects prior changes such as the dissolution of KBIZ Corp. and transfers of shares into the family trust.

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

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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^*

Brown Kyle Steven

(Last) (First) (Middle)

C/O TRINITY CAPITAL INC.

1 N. 1ST STREET, SUITE 302

(Street)

PHOENIX AZ 85004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Trinity Capital Inc. [ TRIN ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, President and CIO

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		F(1)		16,187(1)	D	$15.12	285,700.294(2)(3)	D
Common Stock								762,070(4)	I	By The Kyle and Amy Brown Family Trust, dated February 4, 2019

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. Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on December 15, 2025. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.

2. Includes shares acquired pursuant to Trinity Capital Inc.'s distribution reinvestment plan ("DRIP") and broker dividend reinvestment program that reinvests Trinity Capital Inc. dividends on substantially similar terms as those of the DRIP, and includes shares acquired through the DRIP and broker dividend reinvestment program that were not previously reported due to scriveners errors.

3. Subsequent to the reporting person's Form 4 filed on November 12, 2025, KBIZ Corp., an entity solely owned and controlled by the reporting person was voluntarily dissolved. As a result, all shares previously owned by KBIZ Corp. are now deemed directly held by the reporting person.

4. The reporting person transferred shares directly owned in his individual name to The Kyle and Amy Brown Family Trust, dated February 4, 2019.

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.

	/s/ Sarah Stanton, on behalf of Kyle S. Brown	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Trinity Capital (TRIN) report for Kyle S. Brown?

The filing reports that on December 15, 2025, 16,187 shares of Trinity Capital Inc. common stock were withheld from Kyle S. Brown to satisfy his tax obligations arising from the vesting of restricted shares. The transaction is coded as F, indicating a tax-withholding event in connection with equity compensation.

How many Trinity Capital (TRIN) shares does Kyle S. Brown own after this Form 4?

Following the reported transaction, Kyle S. Brown beneficially owned 285,700.294 shares of common stock directly and 762,070 shares indirectly through The Kyle and Amy Brown Family Trust, dated February 4, 2019, as disclosed in the filing.

What is the role of Kyle S. Brown at Trinity Capital Inc. (TRIN)?

According to the Form 4, Kyle S. Brown is a director of Trinity Capital Inc. and also serves as an officer with the titles CEO, President and CIO.

At what price were Kyle S. Brown’s Trinity Capital (TRIN) shares withheld for taxes?

The Form 4 states that the 16,187 shares withheld to satisfy Kyle S. Brown’s tax obligations in connection with restricted share vesting were valued at a price of $15.12 per share.

How does the Form 4 describe Kyle S. Brown’s dividend reinvestment shares in Trinity Capital (TRIN)?

The filing explains that his holdings include shares acquired under Trinity Capital Inc.'s distribution reinvestment plan (DRIP) and a broker dividend reinvestment program that reinvests Trinity Capital dividends on substantially similar terms as the DRIP, including certain reinvested shares that had not been previously reported due to scriveners’ errors.

What change involving KBIZ Corp. is disclosed in the Trinity Capital (TRIN) Form 4?

The Form 4 notes that after a prior filing on November 12, 2025, KBIZ Corp., an entity solely owned and controlled by Kyle S. Brown, was voluntarily dissolved, and all shares previously owned by KBIZ Corp. are now deemed directly held by him.

How are shares held in The Kyle and Amy Brown Family Trust treated for Trinity Capital (TRIN)?

The filing identifies 762,070 Trinity Capital common shares as being held indirectly by Kyle S. Brown through The Kyle and Amy Brown Family Trust, dated February 4, 2019, and notes that he transferred shares directly owned in his individual name to this trust.