BADAVAS ROBERT P 4

What Happened

• Robert P. Badavas, a director of Hercules Capital, purchased 5,000 common shares on February 27, 2026. The shares were acquired at $14.27 each for a total transaction value of $71,350. This was a purchase (Form 4 code P), which investors often view as a more informative (potentially bullish) insider action than routine sales.

Key Details

• Transaction date: 2026-02-27
• Transaction type/code: Purchase (P) — open market/private purchase reported
• Price per share: $14.27
• Shares acquired: 5,000
• Total value: $71,350
• Shares owned after transaction: Not specified in the filing
• Footnote: Holdings are reported as held by the Robert P. Badavas Trust of 2007
• Filing timeliness: Reported on 2026-02-27 (period of report matches filing date; no late filing indicated)

Context

• This was a straightforward stock purchase, not an option exercise, award, or gift. Purchases by directors are often watched by retail investors as a sign of confidence, but they do not prove future performance. The shares are held via a trust (per the footnote), which is common for insider holdings and does not change the economic nature of the purchase.