Hercules Capital (NASDAQ: HCXY) insider tax share withholding reported

Rhea-AI Filing Summary

Hercules Capital, Inc. insider activity centers on tax withholding for vested stock awards. Chief Legal Officer & CCO Kiersten Zaza Botelho had shares of common stock withheld to cover taxes tied to restricted stock vesting.

On January 9, 2026, 5,510 shares of common stock were withheld at a price of $18.59 per share, leaving her with 92,858 shares beneficially owned directly. On January 11, 2026, an additional 822 shares were withheld at $18.59 per share, resulting in 92,036 shares of common stock held directly after the transactions.

Insider Trade Summary

Net Seller: 6,332 shares

Net Sell 2 txns

Insider Botelho Kiersten Zaza

Role Chief Legal Officer & CCO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	822	$18.59	$15K
Exercise Price or Tax Liability	Common Stock	5,510	$18.59	$102K

Holdings After Transaction: Common Stock — 92,036 shares (Direct)

Footnotes (2)

1. F1. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 9, 2026.
2. F2. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 11, 2026.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/13/2026 - 06:45 PM Learn about SEC filing dates

FAQ

What insider transactions did Hercules Capital (HCXY) report for January 2026?

Kiersten Zaza Botelho, Chief Legal Officer & CCO of Hercules Capital, reported two transactions where shares of common stock were withheld on January 9, 2026 and January 11, 2026 to pay taxes on vested restricted stock.

How many Hercules Capital shares were withheld for taxes in these insider transactions?

The report shows 5,510 shares of common stock withheld on January 9, 2026 and 822 shares withheld on January 11, 2026, both related to tax obligations on restricted stock vesting.

At what price were Hercules Capital (HCXY) shares valued for the tax withholding?

For both transactions, the withheld common shares were valued at $18.59 per share for tax withholding purposes.

How many Hercules Capital shares does the reporting officer own after these transactions?

After the January 9, 2026 withholding, the officer beneficially owned 92,858 shares directly. Following the January 11, 2026 withholding, the direct beneficial ownership is 92,036 shares of common stock.

Were these Hercules Capital insider transactions open-market sales?

No. The footnotes state that the transactions represent shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 9, 2026 and January 11, 2026, rather than discretionary open-market sales.

Is the Hercules Capital insider ownership reported as direct or indirect?

The transactions list the ownership form as Direct (D), indicating the common stock is held directly by the reporting officer following the tax withholding events.

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^*

Botelho Kiersten Zaza

(Last) (First) (Middle)

C/O HERCULES CAPITAL, INC.

31 ST. JAMES AVENUE, SUITE 1005

(Street)

BOSTON MA 02116

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer & CCO

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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	01/09/2026		F		5,510(1)	D	$18.59	92,858	D
Common Stock	01/11/2026		F		822(2)	D	$18.59	92,036	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. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 9, 2026.

2. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 11, 2026.

Remarks:

	/s/ /Eileen Bagarella, Attorney-in-Fact for Kiersten Zaza Botelho	01/13/2026
	** 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.