Trinity Capital Inc. (TRIN) executive chair updates insider share holdings

Rhea-AI Filing Summary

Trinity Capital Inc. Executive Chairman updates stock holdings following tax withholding event. Director and Executive Chairman Steven L. Brown reported a Form 4 transaction dated December 15, 2025, where 15,731 shares of Trinity Capital common stock were withheld to cover his tax obligations upon the vesting of restricted shares at a price of $15.12 per share. After this transaction, he beneficially owns 804,872 shares directly and an additional 542,346 shares indirectly through The Steven and Patricia Brown Family Trust dated March 19, 1998. The filing notes that the transaction is exempt from short-swing profit rules under Rule 16b-3.

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 Steve Louis

(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)
	Executive Chairman

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)		15,731(1)	D	$15.12	804,872	D
Common Stock								542,346	I	By The Steven and Patricia Brown Family Trust, dated March 19,1998

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.

Remarks:

Sarah Stanton is signing on behalf of Mr. S. Brown pursuant to the power of attorney dated June 2, 2021, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. S. Brown filed on June 2, 2021.

	/s/ Sarah Stanton, on behalf of Steven L. 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 Inc. (TRIN) report for December 15, 2025?

The company reported that Executive Chairman and Director Steven L. Brown had 15,731 shares of Trinity Capital common stock withheld on December 15, 2025 to satisfy his tax obligations related to vesting restricted shares.

At what price were the Trinity Capital (TRIN) shares withheld for taxes?

The 15,731 shares withheld to cover taxes for Steven L. Brown were valued at a price of $15.12 per share, as reported in the Form 4 filing.

How many Trinity Capital (TRIN) shares does Steven L. Brown own after this transaction?

Following the reported transaction, Steven L. Brown beneficially owns 804,872 shares of Trinity Capital common stock directly and 542,346 shares indirectly through The Steven and Patricia Brown Family Trust dated March 19, 1998.

What is the nature of Steven L. Brown’s indirect ownership in Trinity Capital (TRIN)?

His indirect ownership consists of 542,346 shares of Trinity Capital common stock held by The Steven and Patricia Brown Family Trust, dated March 19, 1998.

Was the Trinity Capital (TRIN) insider transaction exempt from Section 16(b)?

Yes. The filing states that the shares withheld for taxes were part of a transaction exempt from Section 16(b) under Rule 16b-3, which covers certain insider transactions tied to equity compensation.

What role does Steven L. Brown hold at Trinity Capital Inc. (TRIN)?

Steven L. Brown is identified as both a Director and an Officer, serving as Executive Chairman of Trinity Capital Inc.