Hercules Capital (NYSE: HTGC) CEO withholds 20,393 shares for taxes in Form 4

Rhea-AI Filing Summary

Hercules Capital, Inc. Chief Executive Officer Scott Bluestein reported two Form 4 transactions involving the company’s common stock on July 9, 2026. In both cases, shares were disposed of under code F, which reflects shares withheld to cover tax obligations rather than open-market sales.

The transactions relate to the vesting of restricted stock, with an aggregate of 20,393 shares of common stock withheld at a reference price of $15.69 per share to pay applicable taxes. After these tax-withholding dispositions, Bluestein continues to hold a direct ownership position of more than 2.4 million shares of Hercules Capital common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bluestein Scott

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	9,741	$15.69	$153K
Tax Withholding	Common Stock	10,652	$15.69	$167K

Holdings After Transaction: Common Stock — 2,486,245 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Tax-withholding shares: 20,393 shares Reference price per share: $15.69 First F-code transaction shares: 10,652 shares +2 more

5 metrics

Tax-withholding shares 20,393 shares Aggregate common shares withheld to cover taxes on restricted stock vesting

Reference price per share $15.69 Price used for both F-code tax-withholding transactions on July 9, 2026

First F-code transaction shares 10,652 shares Common stock withheld in the first tax-withholding disposition

Second F-code transaction shares 9,741 shares Common stock withheld in the second tax-withholding disposition

Post-transaction holdings (representative row) 2,486,245 shares Directly owned common shares shown after one of the reported transactions

Key Terms

Form 4, tax-withholding disposition, restricted stock, beneficial ownership

4 terms

Form 4 regulatory

"Scott Bluestein reported two Form 4 transactions involving the company’s common stock"

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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

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

"vesting of restricted stock on July 9, 2026"

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.

beneficial ownership financial

"continues to hold a direct ownership position of more than 2.4 million shares"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/13/2026 - 02:39 PM Accepted by SEC EDGAR 07/13/2026 - 02:38 PM Learn about SEC filing dates

FAQ

What did Hercules Capital (HCXY) CEO Scott Bluestein report on this Form 4?

Scott Bluestein reported two tax-withholding dispositions of Hercules Capital common stock tied to restricted stock vesting, rather than open-market sales, covering taxes due on July 9, 2026.

How many Hercules Capital (HCXY) shares were withheld for taxes in Bluestein’s Form 4?

An aggregate of 20,393 shares of Hercules Capital common stock were withheld to satisfy tax obligations related to the vesting of restricted stock on July 9, 2026.

What price per share was used for the tax-withholding dispositions reported by HCXY’s CEO?

The tax-withholding dispositions used a reference price of $15.69 per share for Hercules Capital common stock when calculating the number of shares withheld for taxes.

Does this Hercules Capital (HCXY) Form 4 show open-market buying or selling by the CEO?

No. The Form 4 reports F-code tax-withholding dispositions only, representing shares withheld to pay taxes on restricted stock vesting, not discretionary open-market purchases or sales.

How many Hercules Capital shares does CEO Scott Bluestein hold after these Form 4 transactions?

Following the reported tax-withholding dispositions, Scott Bluestein continues to directly own over 2.4 million shares of Hercules Capital common stock, indicating a substantial ongoing equity stake.

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^*

Bluestein Scott

(Last) (First) (Middle)

C/O HERCULES CAPITAL, INC.

31 ST. JAMES AVENUE, SUITE 1005

(Street)

BOSTON MASSACHUSETTS 02116

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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		9,741(1)	D	$15.69	2,486,245	D
Common Stock	07/09/2026		F		10,652(1)	D	$15.69	2,475,593	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 Scott Bluestein	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)