Botelho Kiersten Zaza 4

What Happened

• Kiersten Zaza, Chief Legal Officer & Chief Compliance Officer at Hercules Capital (HTGC), had restricted stock shares withheld to cover taxes upon vesting on July 9, 2026.
• Two withholding transactions were reported: 956 shares withheld at $15.69 ($15,000) and 1,018 shares withheld at $15.69 ($15,972), for a total of 1,974 shares and roughly $30,972.
• This was a tax-withholding disposition (routine), not an open-market sale or purchase.

Key Details

• Transaction date: July 9, 2026. Price used for withholding: $15.69 per share.
• Shares withheld: 956 (valued ~$15,000) and 1,018 (valued $15,972); total 1,974 shares ($30,972).
• Footnote: F1 — shares withheld to pay taxes on vesting of restricted stock on July 9, 2026.
• Filing: Form 4 filed July 13, 2026 (four days after the transaction); typical Form 4 deadline is two business days, so this filing appears later than standard.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• Tax-withholding disposals are routine administrative transactions when restricted stock vests and do not by themselves indicate an insider’s view on the company’s stock.
• Transaction code F denotes shares withheld to satisfy tax withholding obligations rather than a sale to realize cash proceeds.