The family on both sides, and the money that moves between them.
Everything here is public: company statements, news interviews, and Triumph Financial's own filings with the Securities and Exchange Commission. We are not telling you what to conclude. We are showing you what is on the record.
Two brothers, two companies.
Jordan Graft is the founder and CEO of Highway, the carrier-vetting app. Before Highway he ran TriumphPay from 2018 to 2021. His brother, Aaron P. Graft, is the founder, vice chairman and CEO of Triumph Financial, Inc. (Nasdaq: TFIN), one of the largest factoring and payment companies in trucking. The two being brothers has been reported publicly in the freight press (FreightWaves).
Jordan Graft, Founder & CEO, Highway
Aaron P. Graft, Founder, Vice Chairman & CEO, Triumph Financial (Nasdaq: TFIN)The two companies are not strangers. They are partners.
Highway's flagship product, the Trusted Freight Exchange (TFX), is publicly described as powered by Triumph's market rating, intelligence, payment and credit capabilities. This is not a rumor. Triumph itself discloses the relationship in its filings, and in its own shareholder communications it has called the arrangement an "exclusive partnership."
The money, in Triumph's own SEC filings.
Public companies must disclose related-party transactions to the SEC. Triumph Financial discloses its dealings with Highway, a company founded and led by the CEO's brother, in its annual proxy statements. The disclosed figures have climbed every year:
| Fiscal year | Disclosed related-party amount |
|---|---|
| 2023 | $97,436 |
| 2024 | $360,639 |
| 2025 | $536,687 |
The relationship was first disclosed to the SEC in Triumph's first-quarter 2023 report, after the two companies signed an agreement in April 2023. By its 2026 proxy statement and its late-2025 shareholder letter, Triumph was describing the Trusted Freight Exchange as an "exclusive partnership," a notable step up from a narrow services arrangement.
These figures reflect Triumph's disclosed revenue from the relationship. They do not include whatever Highway itself earns from the broker subscriptions and identity products built on top of it.
Why this matters.
We are not telling you what to conclude, and we are not accusing anyone of a crime. We are pointing at the public record. One brother runs the app that helps decide which carriers brokers are allowed to use. The other runs a public company that profits from financing and paying those same loads, and discloses to the SEC that money flows between the two businesses through an "exclusive partnership."
When the same family helps hold the gate and also runs part of the money behind it, every carrier and every broker has the right to ask hard questions. The filings are public. Read them.
Read it yourself.
Triumph Financial, Inc. files with the SEC under ticker Nasdaq: TFIN (SEC CIK 0001539638). The related-party disclosures appear in its annual DEF 14A proxy statements.
All filings are public on SEC EDGAR: sec.gov EDGAR, Triumph Financial proxy statements
Sources
Triumph Financial, Inc. SEC filings (DEF 14A proxy statements FY2023 to FY2025, and shareholder letters), public on SEC EDGAR (CIK 0001539638) · FreightWaves (freightwaves.com) · triumph.io · tbkbank.com · Highway public materials. All figures are as disclosed by Triumph Financial to the SEC.