Form 4: Hercules Capital Executive Kiersten Zaza Botelho Reports Stock Transaction
SEC Form 4 Filing
Kiersten Zaza Botelho, General Counsel & CCO of Hercules Capital, Inc., reports disposition of 822 shares to cover tax obligations related to vesting restricted stock.
Summary
- On April 11, 2024, Kiersten Zaza Botelho, General Counsel & CCO of Hercules Capital, Inc., reported a transaction involving the disposition of 822 shares of common stock.
- The shares were disposed of to cover tax obligations related to the vesting of restricted stock.
- The transaction was executed at a price of $18.41 per share.
- Following the transaction, Botelho directly owns 49,029 shares of Hercules Capital, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations from vesting restricted stock, a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of stock transaction (disposition of shares). |
| 04/11/2024 | Date of vesting of restricted stock. |
| 04/15/2024 | Date of signature on the Form 4 filing. |
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