Hercules Capital (NYSE: HTGC) director takes stock fees, lifts holdings

Rhea-AI Filing Summary

Hercules Capital, Inc. director DeAnne Aguirre acquired common stock by electing to receive shares instead of a cash director fee. She obtained 7,317 shares at an average price of $14.35 per share, with actual purchase prices ranging from $14.31 to $14.39.

Following this compensation-related acquisition, she directly holds 10,749 shares of common stock. In addition, 20,086 shares are held indirectly by the Aguirre Family 2004 Trust. The filing notes that the share count includes stock acquired through Hercules Capital’s dividend reinvestment plan under Rule 16a-11.

Insider Trade Summary

Net Buyer: 7,317 shares ($104,999)

Net Buy 2 txns

Insider Aguirre DeAnne

Role Director

Bought 7,317 shs ($105K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	7,317	$14.35	$105K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,749 shares (Direct); Common Stock — 20,086 shares (Indirect, By Trust)

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. The number of shares includes shares acquired pursuant to the Hercules Capital, Inc. dividend reinvestment plan, exempt under Rule 16a-11. Held by the Aguirre Family 2004 Trust.

Key Figures

Shares acquired: 7,317 shares Average purchase price: $14.35/share Purchase price range: $14.31–$14.39/share +2 more

5 metrics

Shares acquired 7,317 shares Open-market purchase coded as compensation on 2026-03-26

Average purchase price $14.35/share Common stock acquisition on 2026-03-26

Purchase price range $14.31–$14.39/share Prices disclosed in Form 4 footnote

Direct holdings after transaction 10,749 shares Common stock directly owned following acquisition

Indirect holdings by trust 20,086 shares Held by the Aguirre Family 2004 Trust

Key Terms

open-market purchase, dividend reinvestment plan, Rule 16a-11, indirect ownership, +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.

dividend reinvestment plan financial

"includes shares acquired pursuant to the Hercules Capital, Inc. dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Rule 16a-11 regulatory

"dividend reinvestment plan, exempt under Rule 16a-11"

indirect ownership financial

""direct_or_indirect": "I", "nature_of_ownership": "By Trust""

beneficial ownership financial

"indirectly by the Aguirre Family 2004 Trust"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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^*

Aguirre DeAnne

(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		7,317(1)	A	$14.35(2)	10,749(3)	D
Common Stock								20,086(3)	I	By Trust(4)

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.

3. The number of shares includes shares acquired pursuant to the Hercules Capital, Inc. dividend reinvestment plan, exempt under Rule 16a-11.

4. Held by the Aguirre Family 2004 Trust.

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for DeAnne Aguirre	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 did Hercules Capital (HTGC) director DeAnne Aguirre report on this Form 4?

Director DeAnne Aguirre reported acquiring Hercules Capital common stock as compensation. She elected to receive shares instead of a cash director fee, resulting in additional direct and indirect ownership of the company’s stock disclosed in this insider trading report.

How many Hercules Capital (HTGC) shares did DeAnne Aguirre acquire and at what price?

She acquired 7,317 shares of Hercules Capital common stock. The average purchase price was $14.35 per share, with individual trades executed between $14.31 and $14.39, according to the pricing details disclosed in the Form 4 footnotes.

Is DeAnne Aguirre’s Hercules Capital (HTGC) share acquisition an open-market purchase?

The transaction is coded as an open-market purchase but reflects compensation. Footnotes state the shares were received in lieu of a cash director fee, meaning this acquisition is part of her board compensation rather than a separate discretionary market investment.

How many Hercules Capital (HTGC) shares does DeAnne Aguirre hold after this transaction?

After the transaction, she directly holds 10,749 shares of Hercules Capital common stock. An additional 20,086 shares are held indirectly through the Aguirre Family 2004 Trust, as specified in the ownership details within the Form 4 filing.

What is the role of the Aguirre Family 2004 Trust in Hercules Capital (HTGC) holdings?

The Aguirre Family 2004 Trust holds 20,086 Hercules Capital shares as an indirect ownership position. The Form 4 notes these shares are “Held by the Aguirre Family 2004 Trust,” indicating they are attributed to DeAnne Aguirre as indirect beneficial ownership.

How does the dividend reinvestment plan affect DeAnne Aguirre’s Hercules Capital (HTGC) share count?

The reported share totals include stock acquired through Hercules Capital’s dividend reinvestment plan. A footnote explains these reinvested dividends are exempt under Rule 16a-11, but they are still counted in her overall disclosed share ownership.