Brown Steve Louis 4

What Happened
Steve Louis Brown, Executive Chairman and Director of Trinity Capital (TRIN), made an open-market/private purchase of 27,109 shares on 2026-03-12 at $14.75 per share (total $399,858). The next day (2026-03-13) 31,101 shares were disposed of at $14.42 per share (total $448,476) as shares withheld to satisfy tax obligations related to restricted shares that vested on 2025-12-15.

Key Details

• Purchase: 27,109 shares @ $14.75 on 2026-03-12 — $399,858 total. (Transaction code P)
• Withholding/disposition: 31,101 shares @ $14.42 on 2026-03-13 — $448,476 total. (Transaction code F)
• Shares owned after reported transactions: not specified in the filing.
• Footnote: The 31,101-share disposition was withholding to satisfy tax obligations from vested restricted shares (vested 2025-12-15) and is exempt from Section 16(b) under Rule 16b-3.
• Filing: Form 4 filed 2026-03-16 (covers activity dated 3/12–3/13); filing appears timely.
• Signature: Filing was submitted by Sarah Stanton under a power of attorney for Mr. Brown (POA dated June 2, 2021).

Context
The purchase is a direct buy by the executive (potentially seen as a bullish action by some investors), while the subsequent disposition is a routine tax-withholding on vested restricted shares—not an open-market sale. The withholding transaction is administrative and exempt from short-swing profit rules under Rule 16b-3.