Form 4: Hercules Capital CFO Seth H. Meyer Disposes of Shares to Cover Tax Obligations
SEC Form 4
Seth H. Meyer, CFO of Hercules Capital, Inc., disposed of 6,708 shares of common stock on April 11, 2024, to cover tax obligations related to the vesting of restricted stock.
Summary
- On April 11, 2024, Seth H. Meyer, the Chief Financial Officer of Hercules Capital, Inc., disposed of 6,708 shares of the company's 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 $18.41 per share.
- Following the transaction, Meyer directly owns 348,919 shares of Hercules Capital, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of transaction: Seth H. Meyer disposed of shares to cover tax obligations. |
| 04/15/2024 | Date of signature on the Form 4 filing. |
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