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Director Robert Badavas gets 3,873-share grant at Hercules Capital (HCXY)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BADAVAS ROBERT P reported acquisition or exercise transactions in this Form 4 filing.

Hercules Capital director Robert P. Badavas reported an equity award and updated holdings. He received 3,873 shares of restricted common stock on June 18, 2026 at $15.49 per share as an automatic grant upon re-election to the board under the 2026 Non-Employee Director Plan. These shares are subject to forfeiture, with one-third vesting on each anniversary of the grant over three years. After this award, he directly holds 8,943 shares of common stock and indirectly holds 122,073 shares through the Robert P. Badavas Trust of 2007.

Positive

  • None.

Negative

  • None.
Insider BADAVAS ROBERT P
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,873 $15.49 $60K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 8,943 shares (Direct, null); Common Stock — 122,073 shares (Indirect, By Trust)
Footnotes (1)
  1. Held by the Robert P. Badavas Trust of 2007 Restricted Stock issued as an automatic grant upon re-election to the board of directors pursuant to the 2026 Non-Employee Director Plan and subject to forfeiture restrictions. One-third vests on the anniversary of the grant over three years.
Restricted stock grant 3,873 shares Automatic director grant on June 18, 2026
Grant price $15.49 per share Restricted stock award to director
Direct holdings after grant 8,943 shares Common stock held directly by Robert P. Badavas
Indirect trust holdings 122,073 shares Held by the Robert P. Badavas Trust of 2007
Vesting schedule One-third annually over 3 years Restricted stock forfeiture and vesting terms
Restricted Stock financial
"Restricted Stock issued as an automatic grant upon re-election to the board of directors"
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.
automatic grant financial
"Restricted Stock issued as an automatic grant upon re-election to the board of directors"
2026 Non-Employee Director Plan financial
"pursuant to the 2026 Non-Employee Director Plan and subject to forfeiture restrictions"
subject to forfeiture restrictions financial
"pursuant to the 2026 Non-Employee Director Plan and subject to forfeiture restrictions"
vests on the anniversary of the grant financial
"One-third vests on the anniversary of the grant over three years"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock122,073IBy Trust(1)
Common Stock06/18/2026A3,873(2)A$15.498,943D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Held by the Robert P. Badavas Trust of 2007
2. Restricted Stock issued as an automatic grant upon re-election to the board of directors pursuant to the 2026 Non-Employee Director Plan and subject to forfeiture restrictions. One-third vests on the anniversary of the grant over three years.
Remarks:
/s /Kiersten Zaza Botelho, Attorney-in-Fact for Robert Badavas06/23/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Hercules Capital (HCXY) report for Robert P. Badavas?

Hercules Capital reported that director Robert P. Badavas received 3,873 shares of restricted common stock as an automatic equity grant. The award was tied to his re-election to the board under the company’s 2026 Non-Employee Director Plan.

How many Hercules Capital (HCXY) shares were granted to Robert P. Badavas and at what price?

Robert P. Badavas was granted 3,873 shares of Hercules Capital common stock at a reported price of $15.49 per share. The shares are restricted stock, issued as part of the company’s non-employee director compensation program.

What are the vesting terms of Robert P. Badavas’s restricted stock in Hercules Capital (HCXY)?

The restricted stock vests over three years, with one-third vesting on each anniversary of the grant date. The shares are subject to forfeiture restrictions until they vest, aligning director compensation with longer-term company performance.

What are Robert P. Badavas’s total direct and indirect holdings in Hercules Capital (HCXY) after this Form 4?

After the reported transactions, Robert P. Badavas directly holds 8,943 shares of Hercules Capital common stock. Indirectly, he holds 122,073 shares through the Robert P. Badavas Trust of 2007, as disclosed in the filing’s ownership details.

Was the Hercules Capital (HCXY) share grant to Robert P. Badavas a market purchase or a compensation award?

The 3,873-share transaction for Robert P. Badavas was a compensation-related award, not a market purchase. It is classified as restricted stock issued automatically upon his re-election to the board under the 2026 Non-Employee Director Plan.