Form 4: Hercules Capital Officer Reports Routine Stock Transactions

Kiersten Zaza Botelho, Chief Legal Officer of Hercules Capital, reported the withholding of common stock for tax purposes related to restricted stock vesting.

Summary

• Kiersten Zaza Botelho, Chief Legal Officer and Chief Compliance Officer (CCO) of Hercules Capital, Inc. (HTGC), reported changes in her beneficial ownership of common stock.
• On January 9, 2026, 5,510 shares of common stock were withheld at a price of $18.59 per share to cover taxes associated with the vesting of restricted stock.
• Following this transaction, Botelho's direct beneficial ownership was 92,858 shares.
• On January 11, 2026, an additional 822 shares of common stock were withheld at a price of $18.59 per share for taxes related to another restricted stock vesting event.
• After the second transaction, Botelho's direct beneficial ownership decreased to 92,036 shares.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports routine insider transactions related to compensation and tax obligations, which are expected and do not indicate positive or negative company performance.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine compliance report for an insider transaction, specifically the withholding of shares for tax obligations upon restricted stock vesting. Such transactions are common across all publicly traded companies as part of executive compensation plans and do not typically reflect broader industry trends or competitive positioning.

Related Party Transactions

• The transactions involve the Chief Legal Officer and CCO of Hercules Capital, Inc. and are related to her compensation package, specifically the vesting of restricted stock and subsequent tax withholding.

Stakeholder Impact

• Shareholders: The transactions represent a minor, routine change in insider ownership and are unlikely to have a material impact on the company's stock price or shareholder value.
• Employees: The filing reflects standard executive compensation practices, which are part of the overall employee incentive structure.

Key Dates

Keywords

Hercules Capital, HTGC, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Kiersten Zaza Botelho, Chief Legal Officer, Beneficial Ownership