Director-linked trust adds Hercules Capital (NYSE: HTGC) shares

Rhea-AI Filing Summary

Hercules Capital, Inc. director Robert P. Badavas reported an indirect open-market purchase of 5,000 shares of common stock at $14.27 per share through the Robert P. Badavas Trust of 2007. Following this transaction, the trust holds 122,073 shares, and Badavas also reports 1,412 shares held directly.

Insider Trade Summary

Net Buyer: 5,000 shares ($71,350)

Net Buy 2 txns

Insider BADAVAS ROBERT P

Role Director

Bought 5,000 shs ($71K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,000	$14.27	$71K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 122,073 shares (Indirect, By Trust); Common Stock — 1,412 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

BADAVAS ROBERT P

(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		5,000	A	$14.27	122,073	I	By Trust(1)
Common Stock								1,412	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. Held by the Robert P. Badavas Trust of 2007

Remarks:

	/s /Kiersten Zaza Botelho, Attorney-in-Fact for Robert Badavas	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) report for Robert P. Badavas?

Hercules Capital reported that director Robert P. Badavas, via the Robert P. Badavas Trust of 2007, purchased 5,000 shares of common stock in an open-market transaction at $14.27 per share, increasing the trust’s reported indirect holdings to 122,073 shares.

At what price were the Hercules Capital (HTGC) shares purchased in this Form 4?

The reported open-market purchase occurred at a price of $14.27 per share. This price applies to the 5,000 Hercules Capital common shares acquired indirectly by the Robert P. Badavas Trust of 2007, as disclosed in the Form 4 insider transaction filing.

How many Hercules Capital (HTGC) shares does the Badavas trust hold after the transaction?

After the reported transaction, the Robert P. Badavas Trust of 2007 is shown holding 122,073 Hercules Capital common shares indirectly. This reflects the addition of 5,000 shares purchased in the open market, according to the Form 4 disclosure for director Robert P. Badavas.

Does Robert P. Badavas have direct ownership of Hercules Capital (HTGC) shares?

Yes. In addition to indirect holdings via the Robert P. Badavas Trust of 2007, the Form 4 shows Robert P. Badavas with 1,412 Hercules Capital common shares held directly, reported separately from the trust’s 122,073 indirectly owned shares.

Was this Hercules Capital (HTGC) insider transaction a buy or a sell?

The Form 4 reports a buy transaction. Specifically, it records an open-market purchase of 5,000 Hercules Capital common shares at $14.27 per share by the Robert P. Badavas Trust of 2007 associated with director Robert P. Badavas.