Fallon Thomas J 4

What Happened
Thomas J. Fallon, a director of Hercules Capital (HTGC), purchased 20,000 shares in an open-market transaction on February 27, 2026. The reported average price was $14.20 per share (totaling approximately $284,000); the filing notes individual purchase prices ranged from $14.16 to $14.22. The shares are held by the Fallon Family Revocable Trust, per the filing. This was a purchase (P), which insiders often view as a positive signal of alignment with shareholders, though it does not prove future performance.

Key Details

• Transaction date: 2026-02-27
• Transaction type/code: Open-market purchase (P)
• Shares acquired: 20,000
• Price: average $14.20; range $14.16–$14.22 (Footnote F1)
• Total reported value: ~ $284,000
• Shares held after transaction: Not specified in this Form 4 filing
• Ownership vehicle: Fallon Family Revocable Trust (Footnote F2)
• Filing timeliness: Report filed for the same reporting date (no late filing indicated)

Context
Purchases by directors are commonly watched by retail investors as they can indicate confidence, but they should be considered alongside other factors (company fundamentals, size of the purchase, and overall insider activity). This transaction involved a family trust holding the shares, which is a normal ownership structure for some insiders and does not itself indicate an immediate trading intent.