Form 4: Hercules Capital COO Christian Follmann Reports Stock Transaction
SEC Form 4
Christian Follmann, COO of Hercules Capital, reports the withholding of shares to cover taxes related to vesting restricted stock.
Summary
- Christian Follmann, the Chief Operating Officer of Hercules Capital, Inc. [HTGC], filed a Form 4 on July 15, 2024, regarding changes in beneficial ownership.
- On July 11, 2024, 1,251 shares of common stock were withheld to cover taxes related to the vesting of restricted stock at a price of $21.11 per share.
- Following the transaction, Follmann directly owns 95,023 shares of common stock and indirectly owns 350 shares through his spouse.
- The report also mentions that 220 dividend reinvestment shares were acquired on May 21, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax-related transaction and doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| May 21, 2024 | Acquisition of 220 dividend reinvestment shares |
| July 11, 2024 | Withholding of 1,251 shares for tax purposes |
| July 15, 2024 | Date of Form 4 filing |
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