Hercules Capital (HTGC) Form 4: 956 shares withheld for taxes

Hercules Capital, Inc. (HTGC) insider activity: The company’s Chief Legal Officer & CCO reported a tax-related share withholding tied to restricted stock vesting.

Accepted by SEC EDGAR 10/14/2025 - 05:35 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Hercules Capital, Inc. (HTGC) insider activity: The company’s Chief Legal Officer & CCO reported a tax-related share withholding tied to restricted stock vesting. On October 9, 2025, 956 shares of common stock were withheld (transaction code F) at a price of $17.06 to cover taxes upon vesting.

Following this administrative transaction, the reporting person beneficially owned 64,925 shares directly. This Form 4 reflects a non-open-market event related to equity compensation vesting and tax withholding.

Insider Trade Summary

Exercise Price or Tax Liability: 956 shares

Exercise Price or Tax Liability 1 txn

Insider Botelho Kiersten Zaza

Role Chief Legal Officer & CCO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	956	$17.06	$16K

Holdings After Transaction: Common Stock — 64,925 shares (Direct)

Footnotes (1)

1. F1. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on October 9, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Hercules Capital (HTGC) disclose in this Form 4?

A company officer reported 956 shares withheld to cover taxes upon restricted stock vesting on October 9, 2025.

How many shares were involved and at what price?

956 common shares were withheld at a price of $17.06 per share.

What was the reason for the share withholding?

The shares were withheld to pay taxes applicable to the vesting of restricted stock on October 9, 2025.

How many shares does the insider own after the transaction?

The insider beneficially owns 64,925 shares directly after the reported transaction.

What does transaction code F indicate on Form 4?

Code F denotes a tax withholding transaction associated with equity award vesting.

What is the insider’s relationship to Hercules Capital (HTGC)?

The reporting person is an officer, serving as Chief Legal Officer & CCO.

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

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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).

1. Name and Address of Reporting Person^*

Botelho Kiersten Zaza

(Last) (First) (Middle)

C/O HERCULES CAPITAL, INC.

31 ST. JAMES AVENUE, SUITE 1005

(Street)

BOSTON MA 02116

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer & CCO

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2025

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	10/09/2025		F		956(1)	D	$17.06	64,925	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 October 9, 2025.

Remarks:

	/s/ /Eileen Bagarella, Attorney-in-Fact for Kiersten Zaza Botelho	10/14/2025
	** 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.