Trinity Capital CEO has 10,744 shares withheld for tax
CEO Kyle Steven Brown reported a tax-withholding share disposition tied to restricted stock vesting, with substantial direct and indirect holdings remaining in TRIN.
Rhea-AI Filing Summary
Trinity Capital Inc. (TRIN) reported that CEO, President and CIO Kyle Steven Brown had 10,744 shares of common stock withheld on September 15, 2026 to satisfy tax obligations arising from the vesting of restricted shares, at a reference price of $17.79 per share. This tax-withholding disposition was reported as exempt from Section 16(b) under Rule 16b-3 and was not made under a Rule 10b5-1 trading plan. Following this event, Brown held 601,517.74 shares directly, plus indirect holdings of 651,663 shares through The Kyle and Amy Brown Family Trust and 12,908.53 shares held by his spouse.
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Insights
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Insider Trade Summary
Tax Withholding: 10,744 shares
Tax Withholding
3 txns
Insider
Brown Kyle Steven
Role
CEO, President and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 10,744 | $17.79 | $191K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 601,517.74 shares (Direct);
Common Stock — 651,663 shares (Indirect, By The Kyle and Amy Brown Family Trust, dated February 4, 2019);
Common Stock — 12,908.53 shares (Indirect, By Spouse)
Footnotes (1)
- F1. Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on September 15, 2026. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
Key Figures
Shares withheld for tax: 10,744 shares
Reference price per share: $17.79 per share
Direct holdings after transaction: 601,517.74 shares
+2 more
5 metrics
Shares withheld for tax
10,744 shares
Common stock withheld on September 15, 2026 for tax obligations on vesting restricted shares
Reference price per share
$17.79 per share
Price reported for the September 15, 2026 tax-withholding transaction
Direct holdings after transaction
601,517.74 shares
Common stock directly owned by Kyle Steven Brown following the tax-withholding event
Indirect trust holdings
651,663 shares
Common stock held indirectly through The Kyle and Amy Brown Family Trust
Indirect spouse holdings
12,908.53 shares
Common stock held indirectly by spouse
Key Terms
restricted shares, Section 16(b), Rule 16b-3, power of attorney
4 terms
Section 16(b) regulatory
"Transaction exempt from Section 16(b) pursuant to Rule 16b-3"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3 regulatory
"Transaction exempt from Section 16(b) pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
power of attorney regulatory
"signing on behalf of Mr. K. Brown pursuant to the power of attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TRIN CEO Kyle Steven Brown report on September 15, 2026?
He reported 10,744 shares of Trinity Capital common stock withheld on September 15, 2026 to satisfy tax obligations from vesting restricted shares, at a stated price of $17.79 per share, in a transaction exempt from Section 16(b) under Rule 16b-3.
What are Kyle Steven Brown’s indirect holdings of TRIN reported in this Form 4?
The Form 4 shows indirect holdings of 651,663 shares of Trinity Capital common stock held by The Kyle and Amy Brown Family Trust and 12,908.53 shares held by his spouse.
Was Kyle Steven Brown’s TRIN transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote indicating a trading plan, so the reported tax-withholding disposition was not made under a Rule 10b5-1 plan.
What does the F transaction code mean in Kyle Steven Brown’s TRIN Form 4?
Transaction code F indicates payment of tax liability by delivering or withholding securities. The footnote states the 10,744 shares were withheld to satisfy Brown’s tax obligations on vesting restricted shares on September 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
