Testa Michael 4

What Happened
Michael Testa, Trinity Capital (TRIN) Chief Financial Officer and Treasurer, had 2,601 restricted shares withheld (disposed) to satisfy tax obligations arising from vesting. The shares were valued at $16.89 each, for a total value of $43,931, on June 15, 2026. This was a tax-withholding disposition rather than a market sale for investment purposes.

Key Details

• Transaction date and price: June 15, 2026 — 2,601 shares withheld at $16.89 per share.
• Total value: $43,931 (based on $16.89/share).
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Shares were withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares (Footnote F1). Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
• Filing: Form 4 filed with accession 0001193125-26-274521 (filed June 17, 2026).

Context
Tax withholding on vested restricted stock is a routine corporate administration action (transaction code F) and does not necessarily reflect a decision to sell shares for investment reasons. Because the transaction is a withholding to cover taxes and is exempt under Rule 16b-3, it is treated differently than an open-market sale and does not trigger short-swing profit recovery under Section 16(b).