Hercules Capital COO logs tax-related share withholding

Hercules Capital, Inc. Chief Operating Officer Christian Follmann reported compensation-related equity activity in Common Stock.

Accepted by SEC EDGAR 07/13/2026 - 02:41 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Hercules Capital, Inc. Chief Operating Officer Christian Follmann reported compensation-related equity activity in Common Stock. On July 9, 2026, a total of 2,798 shares were surrendered in two tax-withholding dispositions at $15.69 per share to cover taxes on the vesting of restricted stock, rather than being sold in the open market. Following these transactions, Follmann holds 144,539 shares directly and 350 shares indirectly through his spouse.

Insider Trade Summary

Tax Withholding: 2,798 shares

Tax Withholding 2 txns

Insider Follmann Christian

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	1,433	$15.69	$22K
Tax Withholding	Common Stock F1	1,365	$15.69	$21K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 144,539 shares (Direct); Common Stock — 350 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on July 9, 2026.

Key Figures

Tax-withholding shares: 2,798 shares Tax-withholding price: $15.69 per share First F-code disposition: 1,365 shares +3 more

6 metrics

Tax-withholding shares 2,798 shares Total Common Stock shares withheld for taxes on July 9, 2026

Tax-withholding price $15.69 per share Price used for F-code tax-withholding dispositions

First F-code disposition 1,365 shares Common Stock withheld for taxes at $15.69 per share

Second F-code disposition 1,433 shares Additional Common Stock withheld for taxes at $15.69 per share

Direct holdings after transactions 145,904 shares Direct Common Stock ownership following July 9, 2026 events

Indirect holdings after transactions 350 shares Indirect Common Stock ownership "By Spouse" after reported date

Key Terms

tax-withholding disposition, restricted stock, indirect ownership, Common Stock

4 terms

tax-withholding disposition financial

"two tax-withholding dispositions at $15.69 per share to cover taxes"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted stock financial

"taxes applicable to the vesting of restricted stock on July 9, 2026"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

indirect ownership financial

"350 shares indirectly through his spouse"

Common Stock financial

"reported compensation-related equity activity in Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Hercules Capital (HCXY) COO Christian Follmann report in this Form 4?

Christian Follmann reported tax-related share dispositions tied to restricted stock vesting. A total of 2,798 Common Stock shares were withheld to satisfy tax obligations, rather than sold on the open market.

How many Hercules Capital (HCXY) shares were used for tax withholding?

A total of 2,798 shares of Hercules Capital Common Stock were used for tax withholding, consisting of dispositions of 1,365 and 1,433 shares at a price of $15.69 per share.

What is Christian Follmann’s Hercules Capital (HCXY) shareholding after the reported transactions?

After the transactions, Christian Follmann holds 145,904 shares of Hercules Capital Common Stock directly and 350 shares indirectly through his spouse, as disclosed in the Form 4 ownership tables.

Were the Hercules Capital (HCXY) Form 4 transactions open-market sales?

No. The Form 4 states the F-code transactions represent shares withheld to pay taxes due on restricted stock vesting, not discretionary open-market sales of Hercules Capital stock.

What role does restricted stock play in this Hercules Capital (HCXY) filing?

The filing explains that the disposed shares were withheld to pay taxes applicable to the vesting of restricted stock on July 9, 2026, indicating the activity is part of equity-based compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Follmann Christian

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

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	07/09/2026		F		1,433(1)	D	$15.69	145,904	D
Common Stock	07/09/2026		F		1,365(1)	D	$15.69	144,539	D
Common Stock								350	I	By Spouse

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. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on July 9, 2026.

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Christian Follmann	07/13/2026
	** 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)