Form 4: Hercules Capital CEO Scott Bluestein Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Scott Bluestein, CEO of Hercules Capital, disposed of 21,926 shares of common stock on April 11, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On April 15, 2024, a Form 4 filing with the SEC revealed that Scott Bluestein, the CEO of Hercules Capital, Inc. [HTGC], disposed of company stock.
- The transaction occurred on April 11, 2024, and involved the disposal of 21,926 shares of common stock.
- The shares were withheld to cover tax obligations associated with the vesting of restricted stock.
- The price per share was $18.41.
- Following the transaction, Bluestein directly owns 2,283,135 shares of Hercules Capital common stock.
Sentiment
Score: 5
Explanation: The filing reflects a routine transaction related to tax obligations, and doesn't indicate a change in the CEO's overall confidence in the company. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of stock disposal for tax obligations. |
| 04/15/2024 | Date of SEC Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.