Hercules Capital president reports tax-share disposition

Hercules Capital, Inc. president Seth H. Meyer reported two Form 4 transactions involving common stock on July 9, 2026.

Rhea-AI Filing Summary

Hercules Capital, Inc. president Seth H. Meyer reported two Form 4 transactions involving common stock on July 9, 2026. A total of 6,469 shares were disposed of at $15.69 per share as tax-withholding dispositions to cover taxes on the vesting of restricted stock. These were not open-market sales. After the transactions, Meyer continued to hold over 435,000 shares of Hercules Capital common stock directly.

Filing Explained

The filing records tax withholding that reduced the president’s direct holdings, rather than an open-market sale or issuer financing.

The July 9, 2026 Form 4 reports that Seth H. Meyer, identified as Hercules Capital’s President and a 10% owner, had 3,011 and 3,458 common shares withheld from direct holdings to pay taxes on restricted-stock vesting; the disclosed consequence is a change in his holdings, not an open-market sale.

Both transactions use code F, which denotes shares withheld to cover taxes on vesting, and the filing’s explanation gives that same purpose.

After the two reported transactions, the filing lists direct holdings of 439,063 and 435,605 common shares on the respective lines, and reports no derivative transaction in Table II.

Insider Trade Summary

Tax Withholding: 6,469 shares

Tax Withholding 2 txns

Insider Meyer Seth H

Role President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	3,011	$15.69	$47K
Tax Withholding	Common Stock F1	3,458	$15.69	$54K

Holdings After Transaction: Common Stock — 435,605 shares (Direct)

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: 6,469 shares Tax-withholding price: $15.69 per share Shares withheld tranche 1: 3,458 shares +2 more

5 metrics

Tax-withholding shares 6,469 shares Total common shares used for tax-withholding dispositions on July 9, 2026

Tax-withholding price $15.69 per share Value assigned to common stock used in the tax-withholding dispositions

Shares withheld tranche 1 3,458 shares First F-code tax-withholding disposition of Hercules Capital common stock

Shares withheld tranche 2 3,011 shares Second F-code tax-withholding disposition of Hercules Capital common stock

Post-transaction holdings (example) 435,605 shares One reported post-transaction direct holding figure for Seth H. Meyer

Key Terms

tax-withholding disposition, restricted stock, Form 4

3 terms

tax-withholding disposition financial

"Reported as a tax-withholding disposition to pay exercise price or tax liability"

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

"Shares were withheld to pay taxes applicable to the vesting of restricted stock"

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.

Form 4 regulatory

"Seth H. Meyer reported the transactions on Form 4 as an officer"

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.

FAQ

What insider transaction did Hercules Capital (HCXY) report for Seth H. Meyer?

Seth H. Meyer, president of Hercules Capital, reported two Form 4 transactions disposing of 6,469 shares of common stock on July 9, 2026 as tax-withholding related to restricted stock vesting.

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

No. The 6,469 shares reported for Seth H. Meyer were disposed of as tax-withholding transactions to pay taxes on restricted stock vesting, not discretionary open-market sales of Hercules Capital common stock.

At what price were Seth H. Meyer’s Hercules Capital (HCXY) shares used for tax withholding?

The 6,469 shares of Hercules Capital common stock used for tax withholding were valued at $15.69 per share, according to the Form 4 reporting Seth H. Meyer’s July 9, 2026 transactions.

How many Hercules Capital (HCXY) shares does Seth H. Meyer hold after the Form 4 transactions?

Following the reported tax-withholding dispositions, Seth H. Meyer continued to hold over 435,000 shares of Hercules Capital common stock directly, based on the post-transaction holdings disclosed in the Form 4.

What triggered the tax-withholding share dispositions at Hercules Capital (HCXY)?

The tax-withholding share dispositions were triggered by the vesting of restricted stock on July 9, 2026. Shares of Hercules Capital common stock were withheld to satisfy applicable tax obligations for Seth H. Meyer.

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

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Available on EDGAR 07/13/2026 - 02:39 PM Accepted by SEC EDGAR 07/13/2026 - 02:39 PM Learn about SEC filing dates

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^*

Meyer Seth H

(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)
	President

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		3,011(1)	D	$15.69	439,063	D
Common Stock	07/09/2026		F		3,458(1)	D	$15.69	435,605	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 July 9, 2026.

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Seth H Meyer	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)