Hercules Capital (NYSE: HTGC) director adds 2,926 shares via stock compensation

Rhea-AI Filing Summary

Hercules Capital, Inc. director Paramjeet K. Randhawa acquired 2,926 shares of common stock on March 26, 2026 through an open-market purchase at an average price of $14.35 per share. Following this transaction, the director directly holds 22,486 shares of Hercules Capital common stock.

According to the footnotes, the shares were purchased based on the director’s election to receive stock in lieu of a cash compensation fee otherwise payable for board service. The average purchase price reflects trades executed in a price range between $14.31 and $14.39 per share.

Insider Trade Summary

Net Buyer: 2,926 shares ($41,988)

Net Buy 1 txn

Insider Randhawa Paramjeet K

Role Director

Bought 2,926 shs ($42K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	2,926	$14.35	$42K

Holdings After Transaction: Common Stock — 22,486 shares (Direct)

Footnotes (1)

1. Shares purchased based on reporting person's election to receive stock in lieu of cash compensation fee otherwise due to reporting person as a director of the Issuer. Average purchase price. Shares purchased at prices between $14.31 and $14.39.

Key Figures

Shares acquired: 2,926 shares Average purchase price: $14.35 per share Price range: $14.31–$14.39 per share +2 more

5 metrics

Shares acquired 2,926 shares Open-market purchase on March 26, 2026

Average purchase price $14.35 per share Common stock transaction

Price range $14.31–$14.39 per share Footnote describing trade prices

Shares owned after transaction 22,486 shares Post-transaction direct holdings

Net buy shares 2,926 shares Net buy direction in transaction summary

Key Terms

open-market purchase, in lieu of cash compensation, non-derivative, average purchase price, +1 more

5 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

in lieu of cash compensation financial

"election to receive stock in lieu of cash compensation fee"

non-derivative financial

"transaction_type: "non-derivative""

average purchase price financial

"Average purchase price. Shares purchased at prices between $14.31 and $14.39."

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CALIFORNIA 94401

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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

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

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

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	03/26/2026		P		2,926(1)	A	$14.35(2)	22,486	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. Shares purchased based on reporting person's election to receive stock in lieu of cash compensation fee otherwise due to reporting person as a director of the Issuer.

2. Average purchase price. Shares purchased at prices between $14.31 and $14.39.

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Paramjeet K. Randhawa	03/30/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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

Hercules Capital reported that director Paramjeet K. Randhawa acquired 2,926 shares of common stock. The shares were obtained via an open-market purchase on March 26, 2026, and were taken as stock instead of a cash director compensation fee.

At what price did the Hercules Capital (HTGC) director acquire the 2,926 shares?

The director’s shares were acquired at an average price of $14.35 per share. A footnote explains that the purchases occurred within a price range between $14.31 and $14.39 per share, reflecting multiple trades executed around that average level.

How many Hercules Capital (HTGC) shares does the director own after this Form 4 transaction?

After the reported transaction, director Paramjeet K. Randhawa directly owns 22,486 shares of Hercules Capital common stock. This post-transaction balance includes the newly acquired 2,926 shares received in connection with the election to receive equity instead of cash compensation.

Was the Hercules Capital (HTGC) insider transaction a cash purchase or part of compensation?

The transaction is linked to director compensation, not a separate cash investment decision. A footnote states the shares were purchased based on the director’s election to receive stock in lieu of the cash compensation fee otherwise due for serving on the board.

Does the Form 4 for Hercules Capital (HTGC) show any derivative or option exercises?

No derivative or option exercises are shown in the provided Form 4 data. The filing reports a single non-derivative transaction in common stock, classified as an open-market purchase, with derivative holdings summary fields indicating no derivative transactions during this reporting period.