Kundich Ronald 4

What Happened
Ronald Kundich, Chief Credit Officer of Trinity Capital Inc. (TRIN), was issued a restricted stock award of 45,076 shares on March 13, 2026 (transaction code A). To satisfy tax withholding related to the vesting, 6,826 shares were withheld/disposed at an implied value of $14.42 per share, totaling about $98,431 (transaction code F). The withholding is a tax-related disposition, not an open-market sale.

Key Details

• Transaction dates: March 13, 2026 (award and withholding). Form 4 filed March 17, 2026 — within required filing window (timely).
• Award: 45,076 restricted shares issued under the 2019 Long Term Incentive Plan (LTIP). No per-share price is reported for the award.
• Withholding: 6,826 shares withheld at $14.42/share for tax obligations = $98,431. This withholding is marked exempt from Section 16(b) under Rule 16b-3 (routine tax withholding).
• Vesting schedule (footnote): 25% vests March 15, 2027; remaining 75% vests pro rata over the twelve full calendar quarters after March 15, 2027, subject to continued employment.
• Shares owned after the transaction: not disclosed in the supplied summary.
• Filing note: Sarah Stanton signed on behalf of Mr. Kundich under a previously filed power of attorney.

Context
This was a restricted stock award (acquisition) with a contemporaneous tax-withholding disposition. Tax withholding via share surrender is common and does not necessarily indicate a decision to reduce exposure to the company's stock. The award vests over time, so the economic benefit is tied to continued employment and future vesting dates.