Brown Steve Louis 4
4 · Trinity Capital Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Trinity Capital (TRIN) Exec Chair Steve Brown Buys 27,109 Shares
What Happened
Steve Louis Brown, Executive Chairman and Director of Trinity Capital (TRIN), made an open-market/private purchase of 27,109 shares on 2026-03-12 at $14.75 per share (total $399,858). The next day (2026-03-13) 31,101 shares were disposed of at $14.42 per share (total $448,476) as shares withheld to satisfy tax obligations related to restricted shares that vested on 2025-12-15.
Key Details
- Purchase: 27,109 shares @ $14.75 on 2026-03-12 — $399,858 total. (Transaction code P)
- Withholding/disposition: 31,101 shares @ $14.42 on 2026-03-13 — $448,476 total. (Transaction code F)
- Shares owned after reported transactions: not specified in the filing.
- Footnote: The 31,101-share disposition was withholding to satisfy tax obligations from vested restricted shares (vested 2025-12-15) and is exempt from Section 16(b) under Rule 16b-3.
- Filing: Form 4 filed 2026-03-16 (covers activity dated 3/12–3/13); filing appears timely.
- Signature: Filing was submitted by Sarah Stanton under a power of attorney for Mr. Brown (POA dated June 2, 2021).
Context
The purchase is a direct buy by the executive (potentially seen as a bullish action by some investors), while the subsequent disposition is a routine tax-withholding on vested restricted shares—not an open-market sale. The withholding transaction is administrative and exempt from short-swing profit rules under Rule 16b-3.
Insider Transaction Report
- Purchase
Common Stock
2026-03-12$14.75/sh+27,109$399,858→ 940,745 total(indirect: By Trust) - Tax Payment
Common Stock
[F1]2026-03-13$14.42/sh−31,101$448,476→ 376,307 total
Footnotes (1)
- [F1]Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on December 15, 2025. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.