Stanton Sarah 4

What Happened

• Sarah Stanton, General Counsel, Chief Compliance Officer and Secretary of Trinity Capital (TRIN), received a grant of 55,478 restricted shares under the company's 2019 LTIP on March 13, 2026. The filing also shows 6,370 shares were withheld (disposed) at an implied price of $14.42 to satisfy tax obligations, representing ~$91,855.
• The restricted stock award vests 25% on March 15, 2027, with the remaining 75% vesting pro rata over the twelve full calendar quarters after March 15, 2027, subject to continued employment. The withholding transaction is routine tax withholding and exempt from Section 16(b) under Rule 16b-3.

Key Details

• Transaction dates: March 13, 2026 (award and withholding). Withheld shares reported at $14.42 each (6,370 shares → $91,855).
• Shares acquired: 55,478 restricted shares (award). Shares disposed: 6,370 withheld for taxes.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes of note:
  • F1: Shares withheld to satisfy tax obligations on vesting; transaction exempt under Rule 16b-3.
  • F2: Reporting person transferred shares held individually to the Heilman Stanton Family Trust.
  • F3: Vesting schedule details for the 55,478 restricted shares (25% on 3/15/27, then pro rata over 12 quarters).
• Filing timeliness: Report covers 3/13/2026 and was filed 3/17/2026; filing appears timely under Section 16 reporting rules.

Context

• This filing reflects a restricted stock award (A = award/grant) with routine tax withholding (F = tax withholding), not an open-market sale. Withholding to cover taxes is common and does not necessarily indicate sentiment about the stock.
• For retail investors, awards that vest over time signal retention incentives; purchases are generally more informative about an insider's market view than grants or tax-related dispositions.