Triumph Financial, Inc. — Director's Dealing 2021

Jan 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Triumph Bancorp, Inc. (TBK)
CIK: 0001539638
Period of Report: 2021-01-27

Reporting Person: Fowler R Bryce (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Common Stock	M	839	$25.80	Acquired	30302	Direct
2021-01-27	Common Stock	F	497	$61.23	Disposed	29805	Direct
2021-01-27	Common Stock	M	1249	$15.87	Acquired	31054	Direct
2021-01-27	Common Stock	F	598	$61.23	Disposed	30456	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Employee Stock Options	$25.80	M	839	Disposed	2027-04-01	Common Stock (839)	Direct
2021-01-27	Employee Stock Options	$15.87	M	1249	Disposed	2026-04-01	Common Stock (1249)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 342 shares of common stock on net exercise of an option to purchase 839 shares of common stock. The Issuer withheld 497 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing price of the Issuer's common stock on January 26, 2021 of $61.23, pursuant to the terms of the Issuer's 2014 Omnibus Incentive Plan.

F2: Represents a "net exercise" of outstanding stock options. The reporting person received 651 shares of common stock on net exercise of an option to purchase 1249 shares of common stock. The Issuer withheld 598 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing price of the Issuer's common stock on January 26, 2021 of $61.23, pursuant to the terms of the Issuer's 2014 Omnibus Incentive Plan.

F3: Consists of (i) 26,312 shares of common stock beneficially owned by reporting person, and (ii) 4,144 shares of restricted stock of the reporting person subject to future time vesting requirements.

F4: Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan.

F5: 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.