Fallon Thomas J 4

What Happened

Thomas J. Fallon, a director of Hercules Capital, bought 20,000 shares of HTGC in an open-market purchase on February 17, 2026. The reported average purchase price was $15.88 per share (total value ≈ $317,600); individual purchase prices ranged from $15.81 to $15.92. This transaction was a purchase (code P), which is generally viewed as more informative than routine sales.

Key Details

• Transaction date: February 17, 2026 (reported on Form 4 filed Feb 19, 2026).
• Price: Average $15.88 per share; prices paid ranged $15.81–$15.92 (see footnote F1).
• Shares acquired: 20,000 (open-market purchase, code P).
• Shares owned after transaction: Not specified in the information provided in your summary.
• Footnotes of note:
  • F1: Average purchase price; per-share purchases ranged $15.81–$15.92.
  • F2: Filing notes prior dividend reinvestment purchases of 151, 172 and 154 shares on 20-May-2025, 19-Aug-2025 and 19-Nov-2025, respectively.
  • F3: Shares are held by the Fallon Family Revocable Trust.
• Timeliness: Filed within the typical two-business-day window (no late filing flag indicated).

Context

• Purchases by directors can signal confidence but are not proof of future performance; filings are factual disclosures, not commentary.
• The shares here are held in a family trust (F3), which is a common ownership vehicle and does not change the nature of the disclosure.
• No options were exercised and no shares were sold in this filing — this was a straightforward open-market purchase.