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Hercules Capital (NYSE: HTGC) CEO has shares withheld to cover taxes

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

Rhea-AI Filing Summary

Hercules Capital, Inc. Chief Executive Officer Scott Bluestein reported routine tax-related share withholdings tied to restricted stock vesting. On April 9, 2026, a total of 20,393 shares of common stock were withheld at $14.74 per share to cover applicable taxes. After these transactions, he directly holds 2,495,986 shares of Hercules Capital common stock.

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Insider Bluestein Scott
Role Chief Executive Officer
Type Security Shares Price Value
Tax Withholding Common Stock 10,652 $14.74 $157K
Tax Withholding Common Stock 9,741 $14.74 $144K
Holdings After Transaction: Common Stock — 2,505,727 shares (Direct)
Footnotes (1)
  1. [object Object]
First tax-withholding lot 10,652 shares at $14.74 Common stock withheld for taxes on April 9, 2026
Second tax-withholding lot 9,741 shares at $14.74 Common stock withheld for taxes on April 9, 2026
Total shares withheld for taxes 20,393 shares Restricted stock vesting tax withholding on April 9, 2026
Shares held after transactions 2,495,986 shares Direct Hercules Capital common stock ownership after April 9, 2026
Transaction price per share $14.74 per share Value used for tax-withholding dispositions of common stock
restricted stock financial
"vesting of restricted stock on April 9, 2026"
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for both entries"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title: "Common Stock" for each transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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*
Bluestein Scott
(Last)(First)(Middle)
C/O HERCULES CAPITAL, INC.
31 ST. JAMES AVENUE, SUITE 1005
(Street)
BOSTON MASSACHUSETTS 02116
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026		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 Stock04/09/2026F10,652(1)D$14.742,505,727D
Common Stock04/09/2026F9,741(1)D$14.742,495,986D
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. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on April 9, 2026.
Remarks:
/s /Kiersten Zaza Botelho, Attorney-in-Fact for Scott Bluestein04/13/2026
** 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 did Hercules Capital (HTGC) CEO Scott Bluestein report on this Form 4?

Scott Bluestein reported tax-related share withholdings, not open-market trades. A total of 20,393 Hercules Capital common shares were withheld on April 9, 2026 at $14.74 per share to satisfy taxes due on vesting restricted stock awards.

How many Hercules Capital (HTGC) shares were withheld for taxes?

In total, 20,393 Hercules Capital common shares were withheld. The Form 4 shows two separate tax-withholding dispositions of 10,652 shares and 9,741 shares, each priced at $14.74 per share, related to the vesting of restricted stock on April 9, 2026.

Are these Hercules Capital (HTGC) CEO transactions open-market sales?

No, these transactions are coded “F,” meaning shares were withheld to pay taxes. The filing describes them as payment of tax liability by delivering securities, connected to restricted stock vesting, rather than discretionary buying or selling in the open market.

How many Hercules Capital (HTGC) shares does the CEO hold after the tax withholding?

After the reported tax-withholding dispositions, Scott Bluestein directly holds 2,495,986 shares of Hercules Capital common stock. This figure reflects his remaining position following the April 9, 2026 restricted stock vesting and associated tax share withholdings.

What triggered the Hercules Capital (HTGC) restricted stock tax withholding?

The tax withholding was triggered by the vesting of restricted stock on April 9, 2026. The Form 4 footnote states the withheld shares represent common stock used to pay taxes applicable to that vesting event, rather than voluntary sales initiated by the CEO.