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 at an acquisition price of $15.49 per share, for a total value of $59,993. This was an award/acquisition (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-06-18; Filing date: 2026-06-23 (filed five days after the transaction; appears late under the SEC two-business-day Form 4 rule).
• Security: Common stock (restricted stock award). Price per share: $15.49. Total value: $59,993.
• Shares acquired: 3,873. Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 — shares are held by the Robert P. Badavas Trust of 2007. F2 — these are restricted shares issued automatically upon re‑election under the 2026 Non‑Employee Director Plan; one‑third vests on each anniversary over three years and are subject to forfeiture restrictions.

Context

• This was a compensation award tied to board re‑election, not an open‑market purchase; such grants compensate service and are not direct signals of immediate insider buying or selling. The award vests over three years, so the shares are subject to forfeiture until vested.