[Form 4] Trinity Capital Inc. Insider Trading Activity

Filing Impact

(High)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Trinity Capital CEO Kyle Steven Brown reported multiple stock transactions. On March 16, 2026, he made an open-market purchase of 3,532.32 shares of Common Stock at $14.16 per share, bringing his directly held stake to 620,708.51 shares.

On March 13, 2026, he received 256,588 shares of restricted Common Stock under the 2019 Long Term Incentive Plan. According to the award terms, 25% vests on March 15, 2027, and the remaining 75% vests pro rata over the twelve full calendar quarters that follow, subject to his continued employment. Also on March 13, 16,187 shares were withheld to cover his tax obligations upon vesting, a non-market disposition. The filing also shows additional indirect holdings through a family trust and his spouse.

Insider Trade Summary

Net Buyer: 3,532.32 shares ($50,018)

Net Buy 5 txns

Insider Brown Kyle Steven

Role CEO, President and CIO

Bought 3,532.32 shs ($50K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	3,532.32	$14.16	$50K
Tax Withholding	Common Stock	16,187	$14.42	$233K
Grant/Award	Common Stock	256,588	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 620,708.51 shares (Direct); Common Stock — 662,407 shares (Indirect, By The Kyle and Amy Brown Family Trust, dated February 4, 2019)

Footnotes (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 →

03/17/2026 - 07:30 PM

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^*

Brown Kyle Steven

(Last)

(First)

(Middle)

C/O TRINITY CAPITAL INC.

1 N. 1ST STREET, SUITE 302

(Street)

PHOENIX

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO, President and CIO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/13/2026		F⁽¹⁾		16,187	D	$14.42⁽¹⁾	360,588.19	D
Common Stock	03/13/2026		A		256,588⁽²⁾	A	⁽²⁾	617,176.19	D
Common Stock	03/16/2026		P		3,532.32	A	$14.16	620,708.51	D
Common Stock								662,407	I	By The Kyle and Amy Brown Family Trust, dated February 4, 2019
Common Stock								12,908.53	I	By Spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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. K. Brown 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. K. Brown filed on September 17, 2021.

	/s/ Sarah Stanton, on behalf of Kyle S. Brown	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 did Trinity Capital (TRIN) CEO Kyle Brown buy in this Form 4 filing?

Kyle Brown purchased 3,532.32 Trinity Capital common shares in the open market at $14.16 per share. This transaction on March 16, 2026, increased his directly held stake to 620,708.51 shares, indicating a modest direct capital commitment alongside his existing ownership.

What restricted stock award did Trinity Capital (TRIN) grant to its CEO?

Kyle Brown was granted 256,588 shares of restricted Common Stock on March 13, 2026. The award was issued under Trinity Capital’s 2019 Long Term Incentive Plan and represents equity-based compensation tied to a multi-year vesting schedule and his continued employment with the company.

How do the restricted shares for Trinity Capital (TRIN) CEO vest over time?

The restricted award vests 25% on March 15, 2027, with 75% vesting later. The remaining 75% of the 256,588 shares vests pro rata over twelve full calendar quarters immediately following March 15, 2027, as long as Kyle Brown remains employed through each vesting date.

Why were some Trinity Capital (TRIN) shares disposed of in this Form 4?

16,187 Trinity Capital shares were withheld to satisfy Kyle Brown’s tax obligations. This tax-withholding disposition occurred on March 13, 2026, in connection with vesting of restricted shares and is treated as a non-market, compensation-related transaction rather than an open-market sale.

What is Kyle Brown’s ownership position in Trinity Capital (TRIN) after these transactions?

After the reported transactions, Kyle Brown directly holds 620,708.51 Trinity Capital common shares. The filing also lists additional indirect holdings through The Kyle and Amy Brown Family Trust and through his spouse, reflecting a larger combined economic interest in the company.

Are the Trinity Capital (TRIN) CEO’s transactions part of his compensation?

The 256,588-share restricted stock award is part of Kyle Brown’s equity compensation. It was granted under the 2019 Long Term Incentive Plan, with vesting tied to future service. The separate 3,532.32-share purchase at $14.16 was an open-market transaction using personal capital.