Form 4: Hercules Capital Chief Legal Officer Reports Routine Stock Vesting Tax Withholding

Hercules Capital, Inc.'s Chief Legal Officer, Kiersten Zaza Botelho, reported a routine disposition of 912 shares of common stock to cover tax obligations related to restricted stock vesting.

Summary

• Kiersten Zaza Botelho, Chief Legal Officer & CCO of Hercules Capital, Inc. (HTGC), reported a transaction on July 9, 2025.
• The transaction involved the disposition of 912 shares of common stock.
• These shares were withheld to pay taxes applicable to the vesting of restricted stock.
• The price per share for the disposition was $18.56.
• Following this transaction, Ms. Botelho directly beneficially owns 66,651 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon vesting of restricted stock, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This Form 4 filing is a standard regulatory disclosure for insider transactions and does not provide broader industry context or trends. It reflects a routine event for an executive at a business development company (BDC) like Hercules Capital, which specializes in venture debt and equity investments.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, small-scale transaction for tax purposes by an executive, not a discretionary sale indicating a change in confidence.

Key Dates

Keywords

Hercules Capital, HTGC, SEC Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Kiersten Zaza Botelho, Common Stock