BADAVAS ROBERT P 4

What Happened Robert P. Badavas, a director of Hercules Capital, received an automatic grant of 3,873 restricted shares on 2026-06-18 at an imputed price of $15.49 per share, with a total value of $59,993. This was an award (not a market purchase or sale) issued under the company’s 2026 Non-Employee Director Plan.

Key Details

• Transaction date and price: 2026-06-18, 3,873 shares @ $15.49 each (total $59,993).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Shares are held by the Robert P. Badavas Trust of 2007.
  • F2: Shares are restricted stock issued automatically upon re-election; subject to forfeiture. One‑third vests on each anniversary over three years.
• Filing timing: Report filed 2026-06-23 for a 2026-06-18 grant. Form 4s are generally due within two business days, so this filing appears to have been submitted one business day late.

Context This was a standard director compensation award rather than an open-market purchase or sale. Restricted stock grants are typical for non-employee directors and vest over time, so they don’t necessarily indicate the director’s near-term trading intent.