Trinity Capital (TRIN) Exec Chairman Steve Brown Sells Shares to Cover Taxes

What Happened

• Steve Louis Brown, Executive Chairman and Director of Trinity Capital (TRIN), had a total of 14,254 shares withheld to satisfy tax obligations related to the vesting of restricted shares. On 2026-09-14, 663 shares were withheld at $17.75 for $11,768; on 2026-09-15, 13,591 shares were withheld at $17.79 for $241,784. These are dispositions (tax-withholding) rather than open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-09-14: 663 shares @ $17.75 = $11,768 (withheld for taxes; footnote F1)
  • 2026-09-15: 13,591 shares @ $17.79 = $241,784 (withheld for taxes; footnote F2)
• Total shares withheld: 14,254; total value ≈ $253,552.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 and F2 indicate shares were withheld to satisfy the reporting person's tax obligations on restricted share vesting; transactions are exempt from Section 16(b) pursuant to Rule 16b-3.
• Filing: Form 4 filed 2026-09-16. Sarah Stanton signed on behalf of Mr. Brown under a power of attorney dated June 2, 2021 (previously filed).

Context

• These transactions are tax-withholding dispositions tied to restricted stock vesting (transaction code F), commonly a routine administrative step and not a market sale signaling investment intent. The exemption under Rule 16b-3 is typical for compensatory equity transactions.