Form 4: Trinity Capital CEO's Stock Transaction for Tax Obligations
Insider Transaction Report
Trinity Capital Inc. CEO Kyle Steven Brown reported a transaction involving the withholding of 16,187 shares of common stock to cover tax obligations related to restricted share vesting.
Summary
- Kyle Steven Brown, CEO, President, and CIO of Trinity Capital Inc. (TRIN), reported a transaction on December 15, 2025.
- 16,187 shares of common stock were disposed of at a price of $15.12 per share.
- This disposition was due to shares being withheld to satisfy tax obligations in connection with the vesting of restricted shares.
- The transaction is exempt from Section 16(b) pursuant to Rule 16b-3.
- Following the reported transaction, Mr. Brown directly beneficially owns 285,700.294 shares.
- He also indirectly beneficially owns 762,070 shares through The Kyle and Amy Brown Family Trust, dated February 4, 2019.
- Direct ownership now includes shares acquired via Trinity Capital Inc.'s distribution reinvestment plan (DRIP) and a broker dividend reinvestment program, correcting previous scrivener's errors.
- Shares previously owned by KBIZ Corp., an entity solely owned and controlled by Mr. Brown, are now deemed directly held by him following the voluntary dissolution of KBIZ Corp.
- Mr. Brown also transferred shares directly owned in his individual name to The Kyle and Amy Brown Family Trust, dated February 4, 2019.
Sentiment
Score: 5
Explanation: The filing is a routine insider transaction report detailing a tax withholding event upon restricted stock vesting, which is a neutral event in itself. It also clarifies beneficial ownership changes due to corporate dissolution and trust transfers, which are administrative in nature.
Positives
- The underlying event is the vesting of restricted shares, indicating compensation for the CEO.
- The transaction is exempt from Section 16(b) pursuant to Rule 16b-3, indicating compliance with regulatory requirements for such events.
Negatives
- A disposition of 16,187 shares, even for tax purposes, reduces the direct beneficial ownership of the CEO.
Future Outlook
N/A
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Clarification | Shares previously owned by KBIZ Corp., an entity solely owned and controlled by the reporting person, are now deemed directly held by the reporting person following the voluntary dissolution of KBIZ Corp. | N/A | Simplifies the direct ownership structure for the reporting person. |
| Ownership Transfer | The reporting person transferred shares directly owned in his individual name to The Kyle and Amy Brown Family Trust, dated February 4, 2019. | N/A | Changes the form of beneficial ownership from direct to indirect for a portion of the reporting person's holdings. |
Related Party Transactions
- The transfer of shares directly owned by the reporting person to The Kyle and Amy Brown Family Trust, dated February 4, 2019, represents a change in the form of beneficial ownership to a related party (family trust).
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine insider transaction for tax purposes and ownership structure adjustments. It provides transparency regarding executive holdings.
- Employees: No direct impact mentioned.
- Customers: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
- Creditors: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 2019-02-04 | Date of The Kyle and Amy Brown Family Trust. |
| 2021-09-17 | Date of power of attorney for Sarah Stanton to sign on behalf of Mr. K. Brown, previously filed with the SEC. |
| 2025-11-12 | Date of reporting person's previous Form 4 filing. |
| 2025-12-15 | Date of transaction where shares were withheld to satisfy tax obligations in connection with vesting of restricted shares. |
| 2025-12-17 | Date the Form 4 was signed. |
Keywords
Trinity Capital Inc., TRIN, Kyle Steven Brown, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, CEO, Beneficial Ownership, Distribution Reinvestment Plan, DRIP
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