TRIN Executive Chairman boosts holdings with 2,137-share purchase

Rhea-AI Filing Summary

Trinity Capital Inc. (TRIN) insider activity: Executive Chairman and Director Steven L. Brown reported buying 2,137 shares of Trinity Capital common stock on 11/18/2025 in an open-market purchase. The transaction was coded "P" for purchase, at a weighted-average price of $14.52 per share, with individual trade prices ranging from $14.50 to $14.58.

Following this transaction, Brown beneficially owns 820,603 shares directly and 542,346 shares indirectly through The Steven and Patricia Brown Family Trust dated March 19, 1998. The report notes that detailed trade-level pricing within the stated range is available upon request to the company, regulators, or shareholders.

Insider Trade Summary

Net Buyer: 2,137 shares

Net Buy 2 txns

Insider Brown Steve Louis

Role Executive Chairman

Bought 2,137 shs ($31K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	2,137	$14.52	$31K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 820,603 shares (Direct); Common Stock — 542,346 shares (Indirect, By The Steven and Patricia Brown Family Trust, dated March 19,1998)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted-average price, rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $14.50 to $14.58 per share, inclusive. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, Trinity Capital Inc. (the "Company"), or a security holder of the Company, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

FAQ

What insider transaction did Trinity Capital (TRIN) report?

Executive Chairman and Director Steven L. Brown reported an open-market purchase of 2,137 shares of Trinity Capital common stock on 11/18/2025.

At what price were the Trinity Capital (TRIN) shares purchased?

The reported weighted-average purchase price was $14.52 per share, with individual trades executed between $14.50 and $14.58 per share.

How many Trinity Capital (TRIN) shares does Steven L. Brown now own?

After the transaction, Steven L. Brown beneficially owns 820,603 shares directly and 542,346 shares indirectly through a family trust.

What is Steven L. Brown’s role at Trinity Capital (TRIN)?

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

Was the Trinity Capital (TRIN) insider purchase made in multiple trades?

Yes. The shares were bought in multiple transactions at prices ranging from $14.50 to $14.58 per share, resulting in a weighted-average price of $14.52.

Who signed the insider transaction report for Trinity Capital (TRIN)?

Sarah Stanton signed on behalf of Steven L. Brown under a power of attorney dated June 2, 2021.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/20/2025 - 07:00 PM Learn about SEC filing dates

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^*

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)
11/18/2025

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	11/18/2025		P		2,137	A	$14.52(1)	820,603	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. The price reported in Column 4 is a weighted-average price, rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $14.50 to $14.58 per share, inclusive. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, Trinity Capital Inc. (the "Company"), or a security holder of the Company, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

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	11/20/2025
	** 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.