Executive chair of Trinity Capital (NASDAQ: TRIN) reports new share purchase

Rhea-AI Filing Summary

Trinity Capital Inc. Executive Chairman Steve Louis Brown reported two recent stock transactions. On March 12, 2026, a family trust associated with him bought 27,109 shares of common stock in the open market at $14.75 per share, increasing his indirect holdings to 940,745 shares. On March 13, 2026, 31,101 directly held shares were withheld at $14.42 per share to cover his tax obligations related to restricted shares that vested on December 15, 2025, leaving 376,307 direct shares. This tax-withholding disposition was not an open-market sale and is described as exempt from Section 16(b) 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)
03/12/2026

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	03/12/2026		P		27,109	A	$14.75	940,745	I	By The Steven and Patricia Brown Family Trust, dated March 19, 1998
Common Stock	03/13/2026		F(1)		31,101(1)	D	$14.42	376,307	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. 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	03/16/2026
	** 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 transactions did TRIN executive Steve Louis Brown report?

Steve Louis Brown reported an open-market purchase and a tax-related share withholding. A family trust bought 27,109 Trinity Capital shares, while 31,101 directly held shares were withheld to cover tax obligations from previously vested restricted stock.

How many Trinity Capital (TRIN) shares did the Brown family trust purchase?

The Brown family trust purchased 27,109 shares of Trinity Capital common stock. The shares were bought in an open-market transaction at a price of $14.75 per share, increasing Brown’s indirect holdings through the trust to 940,745 shares after the transaction.

Was Steve Louis Brown’s Form 4 transaction in TRIN an open-market sale?

The filing does not show an open-market sale by Steve Louis Brown. Instead, 31,101 directly held shares were withheld at $14.42 per share solely to satisfy tax obligations on vested restricted stock, a transaction exempt under Rule 16b-3, not a discretionary market sale.

What price did the Trinity Capital (TRIN) insider pay for newly purchased shares?

The family trust associated with Steve Louis Brown paid $14.75 per share for 27,109 Trinity Capital common shares. This open-market purchase increased his indirect ownership through the trust while remaining separate from his directly held share position reported in the same filing.

How many Trinity Capital shares does Steve Louis Brown hold after these transactions?

After these transactions, Steve Louis Brown directly holds 376,307 Trinity Capital shares. Indirectly, through The Steven and Patricia Brown Family Trust, he is reported as holding 940,745 shares, reflecting the impact of both the open-market purchase and the tax-withholding share reduction.

Why were 31,101 Trinity Capital (TRIN) shares withheld from Steve Louis Brown?

The 31,101 shares were withheld to cover Steve Louis Brown’s tax obligations tied to restricted shares that vested on December 15, 2025. This withholding is characterized as a tax-liability payment and is exempt from Section 16(b) under Rule 16b-3, not an open-market transaction.