Director Fallon buys 20,000 Hercules Capital (NASDAQ: HCXY) shares

Rhea-AI Filing Summary

Hercules Capital, Inc. director Thomas J. Fallon reported an indirect open-market purchase of 20,000 shares of Common Stock on February 17, 2026, at an average price of $15.88 per share. A footnote explains the price reflects purchases between $15.81 and $15.92.

The 20,000 shares are held by the Fallon Family Revocable Trust, bringing its indirect holdings to 120,369 shares. Separately, Fallon directly holds 5,779 shares, which reflects his personal stake outside the trust.

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)
02/17/2026

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	02/17/2026		P		20,000	A	$15.88(1)	120,369(2)	I	By Trust(3)
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 $15.81 and $15.92.

2. Includes 151, 172 and 154 dividend reinvestment shares acquired on May 20, 2025, August 19, 2025 and November 19, 2025, respectively.

3. Held by the Fallon Family Revocable Trust.

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Thomas J. Fallon	02/19/2026
	** 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 director Thomas Fallon report?

Thomas J. Fallon reported an indirect open-market purchase of 20,000 Hercules Capital common shares. The trade occurred on February 17, 2026, at an average price of $15.88 per share, as part of a series of purchases executed between $15.81 and $15.92.

How many Hercules Capital shares does Thomas Fallon now hold indirectly and directly?

After the reported transaction, the Fallon Family Revocable Trust holds 120,369 Hercules Capital shares indirectly. Separately, Thomas Fallon directly owns 5,779 common shares, giving investors a clearer view of his combined economic exposure through both trust and personal holdings.

How was the purchase price determined in Thomas Fallon’s February 2026 Hercules Capital trade?

The reported average purchase price of $15.88 per share reflects multiple trades. A footnote states the Hercules Capital shares were bought in a range between $15.81 and $15.92, with $15.88 disclosed as the weighted average transaction price for the 20,000 purchased shares.

Who legally holds the 20,000 Hercules Capital shares bought in this Form 4 filing?

The 20,000 Hercules Capital shares are held by the Fallon Family Revocable Trust. The Form 4 identifies the ownership as indirect, "By Trust," meaning the trust is the recorded holder while the transaction is reported by director Thomas J. Fallon.

Does this Form 4 show buying or selling activity for Hercules Capital stock?

This Form 4 reports buying activity, not selling. It records an open-market purchase of 20,000 Hercules Capital common shares, with no sales reported. One additional line reflects directly held shares, but it is a holdings entry, not a new trade.