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  4. [Form 4] Trinity Capital Inc. Insider Trading Activity

Trinity Capital (TRIN) CCO receives 45,076 restricted shares, 6,826 withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Trinity Capital Inc. Chief Credit Officer Ronald Kundich reported routine equity compensation activity. On March 13, 2026, 6,826 shares of common stock were withheld at $14.42 per share to cover tax obligations tied to vesting of restricted stock. The same day, he received a grant of 45,076 restricted shares under the 2019 Long Term Incentive Plan, which vest 25% on March 15, 2027 and the remaining 75% pro rata over the following twelve full calendar quarters, subject to continued employment. After these transactions, he directly holds 247,359 common shares.

Positive

  • None.

Negative

  • None.

Insights

Routine stock award and tax withholding, not a market trade.

Trinity Capital Inc. Chief Credit Officer Ronald Kundich received 45,076 shares of common stock as a restricted stock award on March 13, 2026. This reflects standard long-term incentive compensation rather than an open-market purchase.

On the same date, 6,826 shares were withheld at $14.42 per share to satisfy tax obligations from vesting of restricted shares, a non-discretionary mechanism coded as an F transaction. This is not an open-market sale and does not signal a change in his view of the stock.

Following these entries, Kundich directly holds 247,359 common shares. The award vests 25% on March 15, 2027, with the remaining 75% vesting pro rata over twelve full calendar quarters thereafter, contingent on continued employment. Overall, this is a routine compensation update and is neutral for investors.

Insider Kundich Ronald
Role Chief Credit Officer
Type Security Shares Price Value
Tax Withholding Common Stock 6,826 $14.42 $98K
Grant/Award Common Stock 45,076 $0.00 --
Holdings After Transaction: Common Stock — 202,283 shares (Direct)
Footnotes (1)
  1. Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on March 13, 2026. Transaction exempt from Section 16(b) pursuant to Rule 16b-3 Represents the number of shares of Common Stock issued to the reporting person pursuant to a restricted stock award under the 2019 Trinity Capital Inc. Long Term Incentive Plan (the "LTIP") on March 13, 2026. The award vests 25% on March 15, 2027, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2027, subject to the reporting person's continued employment through the applicable vesting date.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kundich Ronald
(Last) (First) (Middle)
C/O TRINITY CAPITAL INC.
1 N. 1ST STREET, SUITE 302
(Street)
PHOENIX AZ 85004
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Trinity Capital Inc. [ TRIN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Credit Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/13/2026 F(1) 6,826(1) D $14.42 202,283 D
Common Stock 03/13/2026 A 45,076(2) A (2) 247,359 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on March 13, 2026. Transaction exempt from Section 16(b) pursuant to Rule 16b-3
2. Represents the number of shares of Common Stock issued to the reporting person pursuant to a restricted stock award under the 2019 Trinity Capital Inc. Long Term Incentive Plan (the "LTIP") on March 13, 2026. The award vests 25% on March 15, 2027, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2027, subject to the reporting person's continued employment through the applicable vesting date.
Remarks:
Sarah Stanton is signing on behalf of Mr. Kundich pursuant to the power of attorney dated September 17, 2021, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. Kundich filed on September 17, 2021.
/s/ Sarah Stanton, on behalf of Ronald Kundich 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Trinity Capital (TRIN) report for Ronald Kundich?

Trinity Capital reported that Chief Credit Officer Ronald Kundich received 45,076 restricted common shares and had 6,826 shares withheld to cover tax obligations related to vesting. These are compensation-related entries, not open-market trades, and update his direct ownership position.

Was the Trinity Capital (TRIN) Form 4 a buy or sell by Ronald Kundich?

The Form 4 shows no open-market buy or sell. It reports a grant of 45,076 restricted shares and a 6,826-share tax-withholding disposition. The withheld shares were used to satisfy tax obligations from vesting, a routine non-discretionary event rather than a discretionary market trade.

How many Trinity Capital (TRIN) shares does Ronald Kundich hold after this Form 4?

After the reported transactions, Chief Credit Officer Ronald Kundich directly holds 247,359 shares of Trinity Capital common stock. This figure reflects the new restricted stock award and the shares withheld for taxes, giving investors an updated view of his equity stake in the company.

What are the vesting terms of Ronald Kundich’s new Trinity Capital (TRIN) restricted stock award?

The 45,076-share restricted stock award vests 25% on March 15, 2027. The remaining 75% vests pro rata over the twelve full calendar quarters immediately following that date, subject to Kundich’s continued employment, aligning his compensation with longer-term company performance.

Why were 6,826 Trinity Capital (TRIN) shares withheld from Ronald Kundich?

The 6,826 shares were withheld to satisfy Ronald Kundich’s tax obligations triggered by the vesting of restricted shares on March 13, 2026. This tax-withholding disposition is a standard administrative process under Rule 16b-3 and does not represent an open-market stock sale.

Under which plan did Ronald Kundich receive his new Trinity Capital (TRIN) restricted shares?

Ronald Kundich’s 45,076-share restricted stock award was issued under the 2019 Trinity Capital Inc. Long Term Incentive Plan. This plan is designed to provide equity-based compensation, tying executive rewards to the company’s ongoing performance and encouraging retention over multiple years.