Estes Ronald E. 4

What Happened

• Ronald E. Estes, a director of Trinity Capital Inc. (TRIN), was awarded 6,176 restricted shares on June 10, 2026 (grant/A). The award shows no purchase price (restricted award; value not listed in the filing).
• On June 11, 2026, Mr. Estes disposed of 3,000 shares as a gift (G) — reported at $0.00 — by transferring shares to the Estes Revocable Trust.

Key Details

• Transaction dates: Award on 2026-06-10; Gift on 2026-06-11. Form 4 filed 2026-06-12 (timely filing).
• Award price: N/A (restricted shares). Gift price: $0.00 (no cash received).
• Vesting: The 6,176 restricted shares vest in full on the earlier of (1) June 10, 2027 or (2) the day before the next annual meeting (see footnote F1).
• Trust transfer: Footnote F3 indicates the 3,000-share transfer was to the Estes Revocable Trust dated Jan 12, 1990.
• Dividend reinvestment: Footnote F2 notes inclusion of shares acquired via a broker dividend reinvestment program for Trinity Capital.
• Signed by Sarah Stanton under power of attorney dated March 11, 2021 (previously filed).

Context

• The award (restricted stock) is a compensatory grant typical for non-employee directors and vests over time; it is not an open-market purchase.
• The gift/transfer to a revocable trust is generally an estate-planning transaction and does not necessarily signal a view on the company’s stock.
• No net cash proceeds were reported in these transactions; the filing does not specify total shares beneficially owned after these transactions in the provided details.