Hercules Capital (HTGC) CEO Scott Bluestein Withholds Shares for Taxes

What Happened
Scott Bluestein, CEO of Hercules Capital (HTGC), had a total of 20,393 shares of HTGC common stock withheld to satisfy tax obligations related to the vesting of restricted stock on July 9, 2026. The filing shows two withholding entries: 9,741 shares at $15.69 ($152,836) and 10,652 shares at $15.69 ($167,130), for a combined value of $319,966. This is a tax-withholding disposition (routine) rather than an open-market sale.

Key Details

• Transaction date: July 9, 2026. Filing date (Form 4): July 13, 2026 (filed within the required two business days).
• Prices and amounts: 9,741 shares @ $15.69 = $152,836; 10,652 shares @ $15.69 = $167,130; total = $319,966.
• Transaction code: F (represents shares withheld to pay taxes on vested restricted stock). Footnote F1 confirms withholding for tax liabilities on vesting.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Not an open-market purchase or sale intended as a market signal — routine tax withholding on vesting.

Context
Withholding shares to cover taxes on vested restricted stock is a common administrative action and generally reflects tax obligations rather than a judgment about the company's prospects. Transaction code F indicates the company retained (withheld) those shares to satisfy tax withholding; this is different from an insider selling shares on the open market.