Form 4: Hercules Capital CEO Scott Bluestein Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Scott Bluestein disposed of 22,027 shares of Hercules Capital, Inc. stock on October 11, 2024, to cover tax obligations related to the vesting of restricted stock.
Summary
- On October 11, 2024, Scott Bluestein, CEO of Hercules Capital, Inc., disposed of 22,027 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock.
- The shares were disposed of at a price of $19.63 per share.
- Following the transaction, Bluestein directly owns 2,139,179 shares of Hercules Capital, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock vests.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 10/11/2024 | Date of transaction: Scott Bluestein disposed of shares to cover tax obligations. |
| 10/15/2024 | Date of signature on the Form 4 filing. |
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