Botelho Kiersten Zaza 4

What Happened
Kiersten Zaza Botelho, Chief Legal Officer and Chief Compliance Officer of Hercules Capital (HTGC), had 1,974 shares of common stock withheld to satisfy tax obligations on vested restricted stock. The filing reports two withholding dispositions on April 9, 2026: 956 shares and 1,018 shares, each at $14.74 per share, totaling $14,091 and $15,005 respectively (combined ≈ $29,096). This is a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-04-09; Filing date (Form 4): 2026-04-13.
• Prices and amounts: 956 shares @ $14.74 = $14,091; 1,018 shares @ $14.74 = $15,005. Total shares withheld: 1,974; total value ≈ $29,096.
• Transaction code: F (tax withholding on vested restricted stock). Footnote F1: shares withheld to pay taxes applicable to the vesting on April 9, 2026.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: filing shows transaction and filing dates; check the official SEC filing for any late-filing flags.

Context
Withholding shares to cover taxes is a routine administrative step when restricted stock vests and does not represent a market-sale decision by the insider. These dispositions reduce the insider’s outstanding shares only to satisfy tax obligations and are generally neutral as a signal about company prospects. For further detail or to confirm holdings/timeliness, review the full Form 4 on the SEC EDGAR system (Accession: 0001902313-26-000004).