Form 4: Hercules Capital Executive Kiersten Zaza Botelho Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Kiersten Zaza Botelho, Chief Legal Officer & CCO of Hercules Capital, Inc., reports disposing of shares to cover tax obligations related to vesting restricted stock.
Summary
- On October 10, 2024, Kiersten Zaza Botelho disposed of 213 shares of Hercules Capital, Inc. common stock at a price of $19.74 per share to cover tax obligations.
- Following this transaction, Botelho directly owns 47,796 shares of common stock.
- On October 11, 2024, Botelho disposed of 803 shares of common stock at a price of $19.63 per share for the same reason.
- After this transaction, Botelho directly owns 46,993 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports stock disposals for tax purposes, a routine activity.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Disposal of 213 shares of common stock at $19.74 per share for tax obligations. |
| 10/11/2024 | Disposal of 803 shares of common stock at $19.63 per share for tax obligations. |
| 10/15/2024 | Date of Form 4 filing. |
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