Form 4: Hercules Capital CFO Seth H. Meyer Reports Stock Transaction
SEC Form 4 Filing
Seth H. Meyer, CFO of Hercules Capital, Inc., reports the disposal of 7,770 shares of common stock to cover taxes related to vesting restricted stock.
Summary
- On October 11, 2024, Seth H. Meyer, the Chief Financial Officer of Hercules Capital, Inc., disposed of 7,770 shares of common stock.
- The transaction was executed to cover taxes applicable to the vesting of restricted stock.
- The price per share was $19.63.
- Following the transaction, Meyer directly owns 334,440 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 regulations, providing transparency into the transactions of company executives and their potential impact on stock prices. This transaction is related to tax obligations from vesting restricted stock, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations from vesting restricted stock.
Key Dates
| Date | Description |
|---|---|
| 10/11/2024 | Date of stock transaction where 7,770 shares were disposed of to cover taxes. |
| 10/15/2024 | Date of report submission. |
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