Form 4: Hercules Capital CEO Reports Tax-Related Stock Dispositions
Insider Transaction Report
Hercules Capital CEO Scott Bluestein reported the disposition of common stock shares for tax withholding purposes related to restricted stock vesting.
Summary
- Scott Bluestein, Chief Executive Officer of Hercules Capital, Inc. (HTGC), reported the disposition of 50,081 shares of common stock on January 9, 2026, at a price of $18.59 per share.
- An additional 13,431 shares of common stock were disposed of on January 11, 2026, also at a price of $18.59 per share.
- These dispositions were for tax withholding purposes applicable to the vesting of restricted stock.
- Following these transactions, Scott Bluestein beneficially owns 2,479,379 shares of Hercules Capital, Inc. common stock.
- The reported transactions were made pursuant to a Rule 10b5-1(c) plan.
Sentiment
Score: 5
Explanation: The filing reports routine, non-discretionary dispositions of common stock by the CEO for tax withholding purposes upon the vesting of restricted stock, which is a standard compensation event and does not reflect a change in sentiment towards the company.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compliance Disclosure | Transactions were executed under a Rule 10b5-1(c) plan, indicating pre-arranged sales to comply with insider trading regulations. | NA | Enhances transparency and reduces perception of opportunistic insider trading. |
Stakeholder Impact
- Shareholders: The transactions represent routine tax-related sales of shares by a key executive, which is a standard part of equity compensation and does not indicate a change in the executive's long-term commitment or a significant shift in company fundamentals.
- Employees: The vesting of restricted stock is a form of equity compensation for the CEO, aligning executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 01/09/2026 | Vesting of restricted stock and disposition of 50,081 shares for tax withholding. |
| 01/11/2026 | Vesting of restricted stock and disposition of 13,431 shares for tax withholding. |
| 01/13/2026 | Date of filing. |
Keywords
Hercules Capital, HTGC, Scott Bluestein, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, CEO, Equity Compensation
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