Theodosopoulos Nikos 4

What Happened
Nikos Theodosopoulos, a director of Hercules Capital, acquired 7,317 shares on 2026-03-26 in a purchase reported on a Form 4. The transaction totaled $104,999 (average price $14.35 per share), and is reported as a purchase (transaction code P) — a director buy resulting from an election to receive stock in lieu of cash compensation.

Key Details

• Transaction date: 2026-03-26; Form 4 filed: 2026-03-30 (timely filing — within 2 business days).
• Shares acquired: 7,317 at an average price of $14.35; purchase prices ranged $14.31–$14.39.
• Total reported value: $104,999.
• Footnotes: purchase made under the director’s election to receive stock instead of cash compensation (F1); price range and average noted (F2); number includes shares from the company’s dividend reinvestment plan, which is exempt under Rule 16a-11 (F3).
• Shares owned after the transaction: not disclosed in the provided filing.

Context
This was not an open-market speculative buy but a routine acquisition tied to director compensation and the DRIP — common ways insiders accumulate shares without a direct cash outlay. Such purchases are factual signals of insider accumulation but do not by themselves reveal intent.