Form 4: Hercules Capital Exec Scott Bluestein Files Form 4
Statement of Changes in Beneficial Ownership
Hercules Capital, Inc. Chief Executive Officer Scott Bluestein reported a transaction involving the withholding of shares to cover taxes related to restricted stock vesting.
Summary
- Scott Bluestein, Chief Executive Officer of Hercules Capital, Inc. (HTGC), filed a Form 4 statement detailing a transaction on April 9, 2026.
- The transaction involved the withholding of 10,652 shares and 9,741 shares, totaling 20,393 shares, to cover applicable taxes on the vesting of restricted stock.
- These shares were withheld at a price of $14.74 per share.
- Following this transaction, Bluestein beneficially owns 2,505,727 shares directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard administrative transaction related to executive compensation rather than a significant strategic or financial event.
Positives
- The transaction reflects the settlement of restricted stock awards, a common form of executive compensation, indicating continued incentive alignment.
- The withholding of shares for tax purposes is a standard procedure and does not represent a sale of stock by the executive.
Negatives
- The withholding of shares, while standard for tax purposes, reduces the number of shares directly held by the executive.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for Section 16 officers and directors, providing transparency on changes in beneficial ownership. This specific filing relates to the standard tax implications of equity compensation, a common practice across the venture debt and financial services industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Scott Bluestein granted power of attorney to Kiersten Zaza Botelho and Eileen Bagarella to prepare and file Forms 3, 4, 5, and 144 on his behalf. | 2023-12-06 | Ensures compliance with SEC reporting requirements for beneficial ownership changes and insider transactions, even when the reporting person is not directly filing. |
Stakeholder Impact
- Shareholders: Increased transparency regarding executive equity transactions. The withholding of shares for tax purposes is a standard practice and does not directly impact the company's outstanding share count or financial performance.
Key Dates
| Date | Description |
|---|---|
| 2023-12-06 | Date of execution for the Power of Attorney document. |
| 2026-04-09 | Transaction date for the withholding of shares to cover taxes on restricted stock vesting. |
| 2026-04-13 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Form 4, SEC Filing, Hercules Capital, HTGC, Scott Bluestein, Executive Compensation, Restricted Stock, Tax Withholding, Beneficial Ownership
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