Hercules Capital (NYSE: HTGC) director acquires 7,317 shares via fee election
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,317 shares ($104,999)
Net Buy
2 txns
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 (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. Average purchase price. Shares purchased at prices between $14.31 and $14.39. The number of shares includes shares acquired pursuant to the Hercules Capital, Inc. dividend reinvestment plan, exempt under Rule 16a-11. 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
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.
Hercules Capital Inc