Estes Ronald E. 4
4 · Trinity Capital Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Trinity Capital (TRIN) Director Ronald E. Estes Buys 605 Shares
What Happened
Ronald E. Estes, a director of Trinity Capital Inc. (TRIN), made two open-market purchases: 105 shares at $14.80 on 2026-03-09 ($1,554) and 500 shares at $14.75 on 2026-03-11 ($7,375), for a total of 605 shares purchased and $8,929 spent. These were purchases (code P), which are typically viewed as insider buying rather than selling.
Key Details
- Transaction dates and prices:
- 2026-03-09: 105 shares @ $14.80 — $1,554
- 2026-03-11: 500 shares @ $14.75 — $7,375
- Total shares acquired: 605; total value: $8,929.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1: Filing notes inclusion of 3,443 restricted shares issued under the 2019 Non-Employee Director Restricted Stock Plan that vest on the earlier of June 12, 2026 or the day before the next annual meeting.
- F2: Some shares may reflect reinvested dividends under the company’s dividend reinvestment plan (DRIP).
- Filing/authorization: Sarah Stanton signed on behalf of Mr. Estes under a power of attorney dated March 11, 2021 (previously filed). The Form 4 was filed on 2026-03-11; the reported trades occurred on 2026-03-09 and 2026-03-11 — the filing shows no indication of a late report.
Context
Insider purchases of this size ($~9k) are relatively small and may reflect routine accumulation rather than a major position shift. The filing also reports restricted shares and DRIP participation that affect beneficial ownership counts; no options exercises, gifts, or 10% owner implications were reported.
Insider Transaction Report
- Purchase
Common Stock
[F1][F2]2026-03-09$14.80/sh+105$1,554→ 39,143.209 total - Purchase
Common Stock
[F1][F2]2026-03-11$14.75/sh+500$7,375→ 39,643.209 total
- 10,172(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Includes 3,443 restricted shares issued under the Trinity Capital Inc. 2019 Non-Employee Director Restricted Stock Plan, as amended. Such restricted shares shall vest in full on the earlier of (1) June 12, 2026 or (2) the date immediately preceding the next annual meeting of stockholders.
- [F2]Includes shares acquired pursuant to broker dividend reinvestment program that reinvests Trinity Capital Inc. dividends on substantially similar terms as those of Trinity Capital Inc.'s distribution reinvestment plan ("DRIP").