Tax withholding trims Hercules Capital (HCXY) CFO’s stake to 434,553

Rhea-AI Filing Summary

Hercules Capital, Inc.'s Chief Financial Officer, Seth H. Meyer, reported share withholding transactions related to restricted stock vesting. On January 9, 2026, 15,965 shares of common stock were withheld at $18.59 per share to cover taxes due on vested restricted stock. On January 11, 2026, an additional 4,052 shares were withheld at $18.59 per share for the same purpose. Following these tax-withholding events, Meyer directly beneficially owned 434,553 shares of Hercules Capital common stock.

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

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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^*

Meyer Seth H

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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	01/09/2026		F		15,965(1)	D	$18.59	438,605	D
Common Stock	01/11/2026		F		4,052(2)	D	$18.59	434,553	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 January 9, 2026.

2. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 11, 2026.

Remarks:

	/s/ /Eileen Bagarella, Attorney-in-Fact for Seth H. Meyer	01/13/2026
	** 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 transactions did Hercules Capital (HCXY) report in this Form 4?

The filing reports that Chief Financial Officer Seth H. Meyer had shares of Hercules Capital common stock withheld to cover taxes due on the vesting of restricted stock on January 9 and January 11, 2026.

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

On January 9, 2026, 15,965 common shares were withheld at $18.59 per share, and on January 11, 2026, an additional 4,052 common shares were withheld at the same price to pay applicable taxes on restricted stock vesting.

What does transaction code "F" mean in this Hercules Capital (HCXY) filing?

Transaction code "F" indicates that the shares were withheld by the issuer to satisfy tax obligations arising from the vesting of restricted stock, rather than open-market purchases or sales.

How many Hercules Capital (HCXY) shares does the CFO own after these transactions?

After the reported tax-withholding transactions, Chief Financial Officer Seth H. Meyer directly beneficially owned 434,553 shares of Hercules Capital common stock.

Were these Hercules Capital (HCXY) transactions direct or indirect holdings?

Both reported positions are indicated as direct (D) ownership of Hercules Capital common stock by Chief Financial Officer Seth H. Meyer.

Is there any indication that these Hercules Capital (HCXY) transactions were part of a Rule 10b5-1 plan?

The form includes a checkbox for transactions made under a Rule 10b5-1(c) trading plan, but the provided content does not show that this box was checked for these tax-withholding events.