BADAVAS ROBERT P 4

What Happened

• Robert P. Badavas, a director of Hercules Capital (HTGC), was granted 3,873 restricted shares on 2026-06-18 as an automatic non-employee director award. The grant was recorded at $15.49 per share for a total value of $59,993. This was an award/grant (A), a compensatory acquisition rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-18
• Transaction type/code: Grant/Award (A) under the 2026 Non-Employee Director Plan
• Price per share: $15.49; Aggregate value: $59,993
• Shares owned after transaction: Not specified in the filing
• Footnotes:
  • F1: Shares held by the Robert P. Badavas Trust of 2007.
  • F2: Shares are restricted stock issued automatically upon re‑election; subject to forfeiture restrictions and vesting one‑third on each anniversary over three years.
• Timeliness: Form 4 filed 2026-06-23 for the 2026-06-18 transaction — the filing appears late (filed 5 days after the transaction), which may be noted by regulators or investors.

Context

• This award is routine director compensation tied to re‑election and vesting schedules; restricted shares vest over time and are not immediately liquid. Such grants are common and reflect compensation policy rather than a direct buy/sell signal about management’s view of the stock.