Form 4: Hercules Capital Director Acquires Additional Shares in Lieu of Cash Compensation

Director Nikos Theodosopoulos increased his holdings in Hercules Capital by acquiring 1,608 shares of common stock in lieu of cash compensation.

Summary

• On August 6, 2024, Nikos Theodosopoulos, a director of Hercules Capital, Inc. (HTGC), acquired 1,608 shares of common stock.
• The shares were purchased at an average price of $18.0327 per share, with individual prices ranging from $18.00 to $18.05.
• This acquisition was made in lieu of cash compensation that was otherwise due to Mr. Theodosopoulos for his service as a director.
• Following the transaction, Mr. Theodosopoulos directly owns 5,613 shares of Hercules Capital common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director taking stock in lieu of cash can be seen as a sign of confidence, but it's a relatively small transaction.

Positives

• A director's decision to take shares in lieu of cash compensation can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, especially in smaller companies or those looking to conserve cash. It aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates