4//SEC Filing
Brown Kyle Steven 4
Accession 0001013762-25-000709
CIK 0001786108other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 7:50 PM ET
Size
9.8 KB
Accession
0001013762-25-000709
Insider Transaction Report
Form 4
Brown Kyle Steven
DirectorCEO, President and CIO
Transactions
- Tax Payment
Common Stock
2025-03-14$15.83/sh−32,093$508,032→ 1,019,285 total - Award
Employee Stock Option (right to buy)
2025-03-14+300,000→ 300,000 totalExercise: $15.83Exp: 2035-03-13→ Common Stock (300,000 underlying)
Holdings
- 51,819(indirect: By Trust)
Common Stock
- 10,825(indirect: By KBIZ Corp., which Mr. K. Brown solely owns and controls)
Common Stock
Footnotes (3)
- [F1]Includes shares acquired pursuant to Trinity Capital Inc.'s distribution reinvestment plan.
- [F2]Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on March 14, 2025. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
- [F3]If at any time on or prior to March 14, 2026 the volume weighted average trading price ("VWAP") per share of Trinity Capital Inc.'s common stock (the "Stock") on any established stock exchange or national market system for ninety (90) consecutive calendar days ending on the last trading day preceding the applicable day is equal to or greater than $23.75, then, provided that Mr. K. Brown remains in the continuous employment of Trinity Capital Inc. through the applicable vesting date (subject to certain limited exceptions), the stock option will vest as follows: 25% on March 14, 2026 with the remaining 75% vesting pro rata over the twelve full calendar quarters immediately following March 14, 2026. For the avoidance of doubt, both the VWAP condition and the service condition must be satisfied for the stock option to vest in accordance with its terms.
Documents
Issuer
Trinity Capital Inc.
CIK 0001786108
Entity typeother
Related Parties
1- filerCIK 0001796795
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 7:50 PM ET
- Size
- 9.8 KB