Hercules Capital director buys 7,317 shares

Hercules Capital director Wade Loo acquired 7,317 shares of common stock through an open-market purchase, electing to receive stock in lieu of a director cash compensation fee at an average price of $14.35 per share.

Accepted by SEC EDGAR 03/30/2026 - 07:46 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Hercules Capital director Wade Loo acquired 7,317 shares of common stock through an open-market purchase, electing to receive stock in lieu of a director cash compensation fee at an average price of $14.35 per share. After this transaction, he holds 14,050 shares directly, including shares acquired through the company’s dividend reinvestment plan, and 32,767 shares indirectly through the Loo Revocable Trust.

Insider Trade Summary

Net Buyer: 7,317 shares

Net Buy 1 txn

Insider Loo Wade

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 — 14,050 shares (Direct); Common Stock — 32,767 shares (Indirect, By Trust)

Footnotes (4)

1. F1. 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. F2. Average purchase price. Shares purchased at prices between $14.31 and $14.39.
3. F3. The number of shares includes shares acquired pursuant to the Hercules Capital, Inc. dividend reinvestment plan, exempt under Rule 16a-11.
4. F4. Held by the Loo Revocable Trust.

Key Figures

Shares acquired: 7,317 shares Average purchase price: $14.35 per share Price range: $14.31–$14.39 per share +3 more

6 metrics

Shares acquired 7,317 shares Open-market purchase tied to director fee election

Average purchase price $14.35 per share Common stock acquisition on transaction date

Price range $14.31–$14.39 per share Footnote average purchase price range

Direct holdings after 14,050 shares Common stock held directly after transaction

Indirect trust holdings 32,767 shares Common stock held by the Loo Revocable Trust

Net buy shares 7,317 shares Net share change in this Form 4

Key Terms

open-market purchase, stock in lieu of cash compensation, dividend reinvestment plan, Rule 16a-11, +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.

stock in lieu of cash compensation financial

"election to receive stock in lieu of cash compensation fee"

dividend reinvestment plan financial

"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"

Revocable Trust financial

"Held by the Loo Revocable Trust."

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

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

What insider transaction did Hercules Capital (HCXY) disclose for Wade Loo?

Hercules Capital reported that director Wade Loo acquired 7,317 shares of common stock. He received stock instead of a cash director fee, reflecting a compensation election rather than a typical cash-funded purchase in the open market.

How many Hercules Capital (HCXY) shares did Wade Loo buy and at what price?

Wade Loo acquired 7,317 Hercules Capital common shares at a reported average price of $14.35. Footnotes state trades occurred between $14.31 and $14.39, indicating execution across a narrow price range on the transaction date.

How many Hercules Capital (HCXY) shares does Wade Loo own after this filing?

Following the transaction, Wade Loo directly owns 14,050 Hercules Capital common shares. He also has an indirect position of 32,767 shares held by the Loo Revocable Trust, providing both direct and trust-based exposure to the company’s equity.

Was Wade Loo’s Hercules Capital (HCXY) share acquisition a cash purchase?

The filing states shares were acquired based on Loo’s election to receive stock in lieu of a cash compensation fee. This means the transaction reflects equity-based director compensation rather than using out-of-pocket cash for the share purchase.

What does the dividend reinvestment note mean for Hercules Capital (HCXY) shares?

The filing notes that Loo’s direct share total includes shares acquired under Hercules Capital’s dividend reinvestment plan. This indicates some dividends were automatically reinvested into additional shares, increasing his holdings over time without separate market purchases.

How are trust-held Hercules Capital (HCXY) shares reported for Wade Loo?

The filing shows 32,767 shares held indirectly “By Trust,” specifically the Loo Revocable Trust. These shares are attributed to Loo as indirect ownership, reflecting his beneficial interest through the trust structure rather than direct personal registration.

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).

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^*

Loo Wade

(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)	14,050(3)	D
Common Stock								32,767	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 Loo Revocable Trust.

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Wade Loo	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)