Form 4: Trinity Capital CFO Michael Testa Disposes of Shares for Tax Obligations

Trinity Capital Inc.'s CFO and Treasurer, Michael Testa, disposed of 1,788 shares of common stock on June 13, 2025, to cover tax obligations related to restricted share vesting.

Summary

• Michael Testa, the Chief Financial Officer and Treasurer of Trinity Capital Inc. (TRIN), reported a transaction on June 13, 2025.
• The transaction involved the disposition of 1,788 shares of Trinity Capital Inc. Common Stock.
• These shares were withheld by the issuer to satisfy the reporting person's tax obligations in connection with the vesting of restricted shares.
• The shares were disposed of at a price of $14.45 per share.
• Following this transaction, Michael Testa beneficially owns 99,829 shares of Trinity Capital Inc. Common Stock.
• The transaction is exempt from Section 16(b) pursuant to Rule 16b-3, indicating it is a routine, non-discretionary event.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to restricted stock vesting, which is a common and expected event for executive compensation and does not indicate a change in company fundamentals or management's outlook.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a tax withholding event related to executive compensation. It does not provide information relevant to broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.

Key Dates

Keywords

Trinity Capital, TRIN, Michael Testa, CFO, Treasurer, SEC Form 4, Insider Transaction, Share Disposition, Tax Withholding, Restricted Stock Vesting, Corporate Governance