Brown Kyle Steven 4

What Happened
Kyle Steven Brown — Trinity Capital Inc. (TRIN) CEO, President, CIO and Director — reported three related transactions. On March 13, 2026 he received a restricted stock award of 256,588 shares under the 2019 LTIP (no cash price). To cover taxes on the vesting, 16,187 of those shares were withheld (disposed) at an indicated value of $14.42/share (≈ $233,417). On March 16, 2026 he made an open-market purchase of 3,532.32 shares at $14.16/share for $50,018. The open-market purchase is an outright buy (a more informative, bullish-type signal than a sale); the award is time‑based restricted stock subject to future vesting.

Key Details

• Transaction dates and prices:
  • 2026-03-13: Award of 256,588 restricted shares (A) — no purchase price (N/A).
  • 2026-03-13: Tax withholding/disposition of 16,187 shares (F) at $14.42 → proceeds ≈ $233,417 (shares withheld to satisfy tax obligations).
  • 2026-03-16: Open-market purchase of 3,532.32 shares (P) at $14.16 → cost $50,018.
• Vesting: Award vests 25% on March 15, 2027; remaining 75% vests pro rata over the twelve full calendar quarters following March 15, 2027, subject to continued employment (per filing footnote).
• Footnotes/other: The tax-withholding withholding was exempt from Section 16(b) under Rule 16b-3. Sarah Stanton signed the Form 4 on Mr. Brown’s behalf under a previously filed power of attorney.
• Shares owned after transaction: not specified in the provided excerpt — see the Form 4 for the total holdings reported.
• Filing: Form 4 filed 2026-03-17 reporting transactions dated 3/13 and 3/16. No late-filing flag was provided in the excerpt.

Context

• The restricted award is time-based and vests over 2027–2029; withheld shares for taxes are routine and do not indicate a market sell decision.
• The small open-market purchase (~$50K) represents a personal buy by the CEO and is often considered more meaningful than routine sales/withholdings, though it is modest in size relative to the award amount.