Trinity Capital Exec Chairman Steve Brown Surrenders 14,252 Shares for Taxes

What Happened
Steve Louis Brown, Executive Chairman and Director of Trinity Capital (TRIN), had a total of 14,252 shares withheld to satisfy tax obligations related to the vesting of restricted shares. The filings show two dispositions: 662 shares at $16.89 on 2026-06-12 (≈ $11,181) and 13,590 shares at $16.89 on 2026-06-15 (≈ $229,535), for a combined value of about $240,716. These were tax-withholding disposals tied to vesting, not open-market sales.

Key Details

• Transaction dates and prices: 662 shares @ $16.89 (06/12/2026) and 13,590 shares @ $16.89 (06/15/2026).
• Total withheld/disposed: 14,252 shares for approximately $240,716.
• Transaction code: F — shares withheld to satisfy tax obligations on vesting of restricted stock (per footnotes F1 & F2).
• Exemption: Transactions reported as exempt from Section 16(b) under Rule 16b-3 (routine compensatory transaction).
• Filing: Form 4 filed 2026-06-16; appears timely relative to the reported vesting/transaction dates.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Signing: Sarah Stanton signed on behalf of Mr. Brown under a power of attorney dated June 2, 2021.

Context
When restricted shares vest, companies commonly withhold a portion to cover the employee’s tax withholding obligations. Those withheld shares are recorded as dispositions on Form 4 (code F) but are not market sales and generally reflect routine tax mechanics rather than a decision to liquidate holdings. The Rule 16b-3 exemption confirms these were compensatory withholding actions, not opportunistic insider selling.