Voss William B. 4

What Happened
William B. Voss, Chief Financial Officer of Triumph Financial (TFIN), exercised 427 non‑qualified stock options on March 10, 2026 at an exercise price of $15.87 (total cost ≈ $6,776) and on the same day sold those 427 shares in an open‑market transaction at a weighted average price of $59.57 (gross proceeds ≈ $25,436).

Key Details

• Transaction date: 2026-03-10 (reported on Form 4 filed 2026-03-12).
• Exercise (code M): 427 shares acquired at $15.87 per share, total ≈ $6,776.
• Sale (code S): 427 shares sold at weighted avg. $59.57 per share, gross proceeds ≈ $25,436.
• Net proceeds (approx.): $25,436 − $6,776 ≈ $18,660 (before taxes/fees).
• Shares owned after transaction: 7,729 beneficially owned shares plus 5,028 restricted shares/RSUs subject to vesting (per filing footnote).
• Notable footnotes: F1 notes the sale price is a weighted average; F3/F4 indicate these were non‑qualified options under the 2014 Omnibus Incentive Plan and subject to a four‑year vesting schedule.
• Filing timeliness: Transaction dated Mar 10 and filed Mar 12 (appears timely).

Context
Because the options were exercised and the same number of shares were sold the same day, this effectively operated like a cashless exercise—the sale likely generated the cash to cover the exercise cost and taxes. Sales by executives are commonly routine (to cover taxes, diversify, or for personal liquidity) and do not by themselves indicate management’s view on company prospects.