Hercules Capital director trust buys 5,000 shares

Hercules Capital, Inc. director Robert P. Badavas reported an open‑market purchase of 5,000 shares of common stock on behalf of the Robert P. Badavas Trust of 2007.

Accepted by SEC EDGAR 02/25/2026 - 08:53 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Hercules Capital, Inc. director Robert P. Badavas reported an open‑market purchase of 5,000 shares of common stock on behalf of the Robert P. Badavas Trust of 2007. The shares were bought at an average purchase price with trades executed between $15.01 and $15.02 per share.

After this transaction, the trust held a total of 117,073 Hercules Capital shares indirectly attributed to Badavas, while he also held 1,412 shares directly. This filing reflects a net increase in his overall reported ownership position in the company.

Insider Trade Summary

Net Buyer: 5,000 shares

Net Buy 1 txn

Insider BADAVAS ROBERT P

Role Director

Bought 5,000 shs ($75K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,000	$15.01	$75K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 117,073 shares (Indirect, By Trust); Common Stock — 1,412 shares (Direct)

Footnotes (2)

1. F1. Average purchase price. Shares purchased at prices between $15.01 and $15.02.
2. F2. Held by the Robert P. Badavas Trust of 2007

FAQ

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

What insider transaction was reported for Hercules Capital (HCXY) in this Form 4?

A trust associated with director Robert P. Badavas purchased 5,000 shares of Hercules Capital common stock in the open market. The transaction increased his reported ownership, including indirect holdings through the Robert P. Badavas Trust of 2007.

At what price did the Badavas trust buy Hercules Capital shares?

The 5,000 Hercules Capital shares were purchased at an average price, with trades executed between $15.01 and $15.02 per share. This range reflects multiple open‑market transactions grouped into a single reported purchase.

How many Hercules Capital shares does Robert P. Badavas now indirectly own?

Following the reported Form 4 transaction, the Robert P. Badavas Trust of 2007 held 117,073 shares of Hercules Capital common stock. These shares are reported as indirectly owned by Badavas due to the trust structure described in the filing.

Does Robert P. Badavas hold any Hercules Capital shares directly?

Yes. In addition to the trust holdings, Robert P. Badavas directly owned 1,412 shares of Hercules Capital common stock after the reported transaction. The filing separately identifies direct and indirect ownership positions.

What type of transaction did the Hercules Capital Form 4 report?

The Form 4 reported an open‑market purchase of common stock, coded as a “P” transaction. This indicates shares were acquired by buying them on the market rather than through options, awards, or other non‑market mechanisms.

Who executed the Hercules Capital share purchase reported in this Form 4?

The purchase was made by the Robert P. Badavas Trust of 2007, which holds shares associated with director Robert P. Badavas. The filing lists the ownership as indirect, reflecting the trust’s role as the holding entity.

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^*

BADAVAS ROBERT P

(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)
02/24/2026

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	02/24/2026		P		5,000	A	$15.01(1)	117,073	I	By Trust(2)
Common Stock								1,412	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. Average purchase price. Shares purchased at prices between $15.01 and $15.02.

2. Held by the Robert P. Badavas Trust of 2007

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Robert Badavas	02/25/2026
	** 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.
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