Director Thomas Fallon adds 20,000 Hercules Capital (HTGC) shares via trust

Rhea-AI Filing Summary

Hercules Capital director Thomas J. Fallon reported an open-market purchase of 20,000 shares of common stock at an average price of $14.20 per share. The filing notes the shares were bought at prices between $14.16 and $14.22 and are held indirectly by the Fallon Family Revocable Trust. Following this transaction, the trust holds 150,369 shares, and Fallon also reports 5,779 shares held directly.

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

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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^*

Fallon Thomas J

(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)
02/27/2026

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	02/27/2026		P		20,000	A	$14.2(1)	150,369	I	By Trust(2)
Common Stock								5,779	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 $14.16 and $14.22.

2. Held by the Fallon Family Revocable Trust

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Thomas J Fallon	02/27/2026
	** 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.

FAQ

What insider transaction did Hercules Capital (HTGC) director Thomas J. Fallon report?

Thomas J. Fallon reported buying 20,000 shares of Hercules Capital common stock in an open-market purchase. The shares were acquired at an average price of $14.20 and are held indirectly through the Fallon Family Revocable Trust.

At what price did Thomas J. Fallon buy Hercules Capital (HTGC) shares?

The reported purchase was made at an average price of $14.20 per share. Footnotes state the 20,000 shares were bought in multiple trades at prices ranging between $14.16 and $14.22 during the transaction date.

How many Hercules Capital (HTGC) shares does the Fallon Family Revocable Trust hold after the transaction?

After buying 20,000 additional shares, the Fallon Family Revocable Trust holds 150,369 Hercules Capital common shares. These shares are reported as indirectly owned by director Thomas J. Fallon according to the Form 4 filing details.

Does Thomas J. Fallon have directly held Hercules Capital (HTGC) shares?

Yes. Besides the shares held by the Fallon Family Revocable Trust, the Form 4 shows Thomas J. Fallon with 5,779 Hercules Capital shares held directly. This direct holding is reported separately from the trust’s indirect ownership position.

What type of transaction did Hercules Capital (HTGC) report for Thomas J. Fallon?

The filing describes an open-market purchase of common stock, coded as a “P” transaction. This indicates Fallon, through the Fallon Family Revocable Trust, acquired shares by buying them on the market rather than through an award or conversion.

Is the Hercules Capital (HTGC) insider transaction classified as direct or indirect ownership?

The 20,000 purchased shares are classified as indirectly owned, held by the Fallon Family Revocable Trust. The filing separately identifies another position of 5,779 Hercules Capital shares as directly owned by Thomas J. Fallon.