Form 4: Hercules Capital CFO Seth H. Meyer Reports Tax-Related Stock Disposal

Seth H. Meyer, CFO of Hercules Capital, Inc., reports the disposal of 6,708 shares of common stock to cover taxes related to vesting restricted stock.

Summary

• On July 11, 2024, Seth H. Meyer, the Chief Financial Officer of Hercules Capital, Inc. (HTGC), disposed of 6,708 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 $21.11 per share.
• Following the transaction, Meyer directly owns 342,210 shares of Hercules Capital, Inc.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock disposal for tax purposes, so it doesn't indicate a particularly positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. This particular transaction appears to be related to tax obligations from vested stock, which is a common occurrence.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates