Director boosts stake with 3,050-share buy in Hercules Capital (HTGC)

Rhea-AI Filing Summary

Hercules Capital director Paramjeet K. Randhawa reported an open-market purchase of 3,050 shares of common stock on March 4, 2026 at $14.78 per share. Following this trade, the director directly owns 19,560 shares, a figure that includes shares acquired through the company’s dividend reinvestment plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Randhawa Paramjeet K

(Last) (First) (Middle)

C/O HERCULES CAPITAL, INC.

1 NORTH B STREET, SUITE 2000

(Street)

SAN MATEO CA 94401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hercules Capital, Inc. [ HTGC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		P		3,050	A	$14.78	19,560(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The number of shares includes shares acquired pursuant to the Hercules Capital, Inc. dividend reinvestment plan, exempt under Rule 16a-11.

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Paramjeet K. Randhawa	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Hercules Capital (HTGC) report for Paramjeet K. Randhawa?

Hercules Capital reported that director Paramjeet K. Randhawa bought 3,050 common shares on March 4, 2026. The shares were purchased in an open-market transaction at a price of $14.78 per share, increasing his directly held stake in the company.

At what price did the Hercules Capital director buy HTGC shares?

The director bought Hercules Capital common stock at $14.78 per share in an open-market purchase. This transaction involved 3,050 shares on March 4, 2026, as disclosed in the Form 4 insider trading report filed for Hercules Capital, Inc.

How many Hercules Capital shares does Paramjeet K. Randhawa own after this Form 4 trade?

After the reported purchase, Paramjeet K. Randhawa directly owns 19,560 Hercules Capital common shares. This total includes shares acquired under the Hercules Capital dividend reinvestment plan, which is noted as exempt from reporting under Rule 16a-11 in the filing footnote.

Was the Hercules Capital insider transaction a purchase or a sale of HTGC stock?

The transaction was a purchase of Hercules Capital common stock. Director Paramjeet K. Randhawa conducted an open-market buy of 3,050 shares at $14.78 per share, increasing his directly held position to 19,560 shares according to the Form 4 disclosure.

What does the dividend reinvestment plan footnote mean in the Hercules Capital Form 4?

The footnote explains that the reported total shares include stock acquired through Hercules Capital’s dividend reinvestment plan. Those reinvested dividends are exempt from certain reporting requirements under Rule 16a-11, but they are still counted in the director’s overall share ownership figure.

What type of security did the Hercules Capital director acquire in this insider transaction?

The insider acquired common stock of Hercules Capital, Inc. The Form 4 specifies that 3,050 shares of common stock were purchased in an open-market transaction, at a per-share price of $14.78, and are held as direct ownership by the reporting person.