Triumph Financial, Inc. — Director's Dealing 2021

May 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Triumph Bancorp, Inc. (TBK)
CIK: 0001539638
Period of Report: 2021-05-01

Reporting Person: Graft Aaron P (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-01	Common Stock	F	542	$88.63	Disposed	255769	Direct
2021-05-01	Common Stock	A	3300	$0.00	Acquired	259069	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-01	Employee Stock Options	$88.63	A	8269	Acquired	2031-05-01	Common Stock (8269)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3315	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options	$26.25	2030-05-01	Common Stock (9767)	9767	Direct
Employee Stock Options	$31.00	2029-05-01	Common Stock (7103)	7103	Direct
Employee Stock Options	$38.75	2028-05-01	Common Stock (9739)	9739	Direct
Employee Stock Options	$25.80	2027-04-01	Common Stock (11883)	11883	Direct
Employee Stock Options	$15.87	2026-04-01	Common Stock (16434)	16434	Direct

Footnotes

F1: Represents 542 shares surrendered to satisfy applicable federal income tax withholding associated with the 5/1/2021 vesting of 2,229 shares of restricted stock issued to reporting person.

F2: Consists of (i) 251,318 shares beneficially owned by reporting person, and (ii) 4,451 shares of restricted stock of the reporting person subject to future vesting requirements.

F3: Represents shares of restricted common stock of Issuer granted to the reporting person under Issuer's 2014 Omnibus Incentive Plan. One fourth of such shares shall vest on each of the first four anniversaries of the date of grant.

F4: Consists of (i) 251,318 shares beneficially owned by reporting person, and (ii) 7,751 shares of restricted stock of the reporting person subject to future vesting requirements.

F5: 3,315 shares indirectly owned through reporting person's spouse, by Goldman Sachs custodian FBO Kimberly Graft Roth IRA.

F6: Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan.

F7: Exercise of the employee stock option is subject to vesting over four years from the date of grant, with one fourth of such options becoming exercisable on each of the first four anniversaries of the date of grant.