Trinity Capital (TRIN) Chief Credit Officer reports tax withholding transaction

Rhea-AI Filing Summary

Trinity Capital Inc.’s Chief Credit Officer, Ronald Kundich, reported an automatic share withholding related to equity compensation. On December 15, 2025, 4,037 shares of Trinity Capital common stock were withheld at a price of $15.12 per share to satisfy his tax obligations arising from the vesting of restricted shares. After this tax-related transaction, he directly owned 209,109 shares of Trinity Capital common stock. The company notes that this 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^*

Kundich Ronald

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Credit Officer

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)		4,037(1)	D	$15.12	209,109	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. 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. Kundich 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. Kundich filed on September 17, 2021.

	/s/ Sarah Stanton, on behalf of Ronald Kundich	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 Chief Credit Officer, Ronald Kundich, reported that 4,037 shares of Trinity Capital common stock were withheld on December 15, 2025 to cover tax obligations from the vesting of restricted shares.

At what price were the Trinity Capital (TRIN) shares withheld in the Form 4 filing?

The 4,037 shares of Trinity Capital common stock were withheld at a price of $15.12 per share in connection with the restricted share vesting and related tax withholding.

How many Trinity Capital (TRIN) shares does Ronald Kundich own after this transaction?

Following the tax withholding transaction, Ronald Kundich directly beneficially owned 209,109 shares of Trinity Capital common stock.

Was the Trinity Capital (TRIN) insider transaction related to a sale on the open market?

No. The filing explains that the 4,037 shares were withheld to satisfy tax obligations tied to the vesting of restricted shares, rather than being sold in an open market transaction.

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

Yes. The filing states that the transaction is exempt from Section 16(b) pursuant to Rule 16b-3, which covers certain insider transactions related to equity compensation.

Who signed the Form 4 for the Trinity Capital (TRIN) insider transaction?

The Form 4 was signed by /s/ Sarah Stanton on behalf of Ronald Kundich, pursuant to a previously granted power of attorney.