Welcome to our dedicated page for Hercules Capital SEC filings (Ticker: HCXY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Hercules Capital filings document a specialty finance issuer with NYSE-listed common stock and 6.25% Notes due 2033 trading under HCXY. The company’s Form 8-K reports cover operating results, financial condition, net asset value estimates, stockholder distributions, executive appointments and material financing agreements, including supplemental indentures for unsecured notes.
Proxy materials describe board matters, executive compensation and annual meeting proposals. The filing record also identifies the company’s capital structure, registered securities, distribution practices, leverage and liquidity disclosures, and the role of Hercules Adviser LLC as a registered investment adviser managing external Adviser Funds.
Hercules Capital, Inc. Chief Financial Officer Andrew Olson filed an initial ownership report showing his equity stake in the company. He directly holds 30,386 shares of common stock. He also has 25,756 unvested restricted stock units tied to common stock, which will vest over time under the company’s 2018 Amended Equity Incentive Plan.
Footnotes explain that one award of 25,756 unvested restricted shares vests in stages over roughly three years after the first anniversary of the grant date, while another award of 25,756 restricted stock units is scheduled to vest in full on May 15, 2033.
Hercules Capital reported a record first quarter for 2026, combining strong growth with higher shareholder payouts. Total investment income reached $141.5 million, up 18.4% year-over-year, while net investment income rose to $88.1 million, or $0.48 per share, a 13.8% increase.
The Board declared a total Q1 2026 cash distribution of $0.47 per share, made up of a $0.40 base distribution and a $0.07 supplemental distribution, with NII per share providing 120% coverage of the base amount. Net asset value stood at $11.90 per share as of March 31, 2026, and return on average equity was 16.9%.
This 10-Q segment outlines a highly diversified investment portfolio concentrated in private growth companies. Most holdings are debt investments, primarily senior secured loans across industries such as application software, drug discovery and development, healthcare services, system software, space technologies, and sustainable and renewable technology. Many loans use floating rates tied to SOFR or Prime, with contractual floor rates, and often include features like PIK (payment-in-kind) interest and exit fees.
The portfolio also includes convertible debt, unsecured notes, equity positions in common and preferred shares, and a large set of warrants in many of the same borrowers. Additional exposure comes through investment funds and a government money market fund in cash equivalents, as well as foreign currency forward contracts in Great British pounds with Goldman Sachs Bank USA.
Hercules Capital, Inc. is reshaping its executive team to support its next phase of growth. Effective May 18, 2026, longtime Chief Financial Officer Seth Meyer will become President, focusing on scaling, diversification and expansion of the Hercules lending and asset-management platform.
Andrew Olson, a veteran finance executive with prior experience at Hercules and several alternative asset managers, will become Chief Financial Officer and Head of Corporate Development, serving as principal financial and accounting officer. The company highlights Olson’s background in private credit, venture markets and fund management as support for its growth strategy.
Hercules Capital, Inc. is asking stockholders to vote at its virtual 2026 annual meeting on June 18, 2026. The proxy covers electing one independent director, advisory votes on named executive officer pay and its frequency, amendments and restatements of the 2018 equity and non-employee director plans, and ratification of PricewaterhouseCoopers LLP as auditor for 2026.
The company, a business development company focused on senior secured loans to venture-backed technology and life sciences firms, highlights strong multi-year performance versus a peer group on return on average assets, return on equity and shareholder return. The filing explains director qualifications, board and committee structure, corporate governance practices, stock ownership guidelines, and a clawback policy. It also details how executive pay mixes salary, annual cash bonuses and long-term equity awards tied to company and individual performance.
Hercules Capital, Inc. Chief Legal Officer & CCO Kiersten Zaza Botelho reported routine tax-related share dispositions connected to vesting of restricted stock. On April 9, shares of common stock totaling 1,974 were withheld by the company to cover applicable taxes at a reference price of $14.74 per share. After these withholding transactions, she directly holds 91,362 shares of Hercules Capital common stock.
Hercules Capital, Inc. Chief Operating Officer Christian Follmann reported routine share dispositions related to tax withholding on vested equity. On April 9, 2026, a total of 2,798 shares of common stock were withheld at $14.74 per share to cover taxes on restricted stock vesting.
After these tax-withholding dispositions, Follmann held 148,770 shares of Hercules Capital common stock directly. He also reported indirect ownership of 350 additional shares held by his spouse. The filing reflects compensation-related tax settlements rather than open-market stock sales.
Hercules Capital, Inc. Chief Financial Officer Seth H. Meyer reported routine share withholdings tied to equity compensation. On April 9, 2026, a total of 6,469 shares of common stock were withheld as a tax-withholding disposition at $14.74 per share to cover taxes on vesting restricted stock. Following these non‑market transactions, Meyer directly holds 442,079 shares of Hercules Capital common stock.
Hercules Capital, Inc. Chief Executive Officer Scott Bluestein reported routine tax-related share withholdings tied to restricted stock vesting. On April 9, 2026, a total of 20,393 shares of common stock were withheld at $14.74 per share to cover applicable taxes. After these transactions, he directly holds 2,495,986 shares of Hercules Capital common stock.
BADAVAS ROBERT P reported open-market purchase transactions in this Form 4 filing.
Hercules Capital director Robert P. Badavas acquired 3,658 shares of common stock at an average price of $14.35 per share. The shares were taken as stock in lieu of a cash director compensation fee. Following this transaction, he holds 5,070 shares directly and 122,073 shares indirectly through the Robert P. Badavas Trust of 2007.