Form 4: Hercules Capital CEO Scott Bluestein Sells Shares to Cover Taxes on Vesting Restricted Stock

Hercules Capital CEO Scott Bluestein sold 22,006 shares of common stock on January 11, 2025, to cover taxes related to vesting restricted stock.

Summary

• Scott Bluestein, the Chief Executive Officer of Hercules Capital, Inc., sold 22,006 shares of common stock on January 11, 2025.
• The sale was executed at a price of $19.73 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted stock.
• Following the transaction, Mr. Bluestein directly owns 2,315,881 shares of Hercules Capital common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common for executives who receive stock-based compensation.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Many companies use restricted stock units as part of executive compensation packages, which often trigger tax liabilities upon vesting.
• Similar transactions are regularly reported by executives at other financial firms such as Ares Capital Corporation (ARCC) and Main Street Capital Corporation (MAIN).

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Hercules Capital, Scott Bluestein, stock sale, insider trading, restricted stock, tax obligations, HTGC