Scott Bluestein - May 6, 2022 Form 4 Insider Report for Hercules Capital, Inc. (HTGC)

Role: Chief Executive Officer
Signature: /s/ Eileen Bagarella, Attorney-in-fact for Scott Bluestein
Stock symbol: HTGC
Transactions as of: May 6, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/9/2022, 05:23 PM
Previous filing: Apr 19, 2022
Next filing: May 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HTGC	Performance Stock Units	Award		+1.46M			1.46M	May 6, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each of the Performance Stock Units (the "PSU(s)") represents a contingent right to receive one (1) share of the Common Stock of the Issuer upon settlement.
F2	On May 2, 2018, the Reporting Person was granted a PSU award for a target number of 487,409 shares of common stock, subject to the achievement of certain financial performance criteria during the performance period. On May 6, 2022, the Compensation Committee of the Issuer certified the Issuer's absolute total shareholder return ("TSR") performance over the performance period, which ran from May 2, 2018 through May 2, 2022, at the maximum level, resulting in 200% of the PSUs originally granted on May 2, 2018 that vest based on absolute TSR becoming earned. Includes 483,540 dividend equivalents accrued since May 2, 2018. These PSUs and dividend equivalents remain outstanding and release is subject to a one year deferral period ending on May 2, 2023.

Content

Each of the Performance Stock Units (the "PSU(s)") represents a contingent right to receive one (1) share of the Common Stock of the Issuer upon settlement.

On May 2, 2018, the Reporting Person was granted a PSU award for a target number of 487,409 shares of common stock, subject to the achievement of certain financial performance criteria during the performance period. On May 6, 2022, the Compensation Committee of the Issuer certified the Issuer's absolute total shareholder return ("TSR") performance over the performance period, which ran from May 2, 2018 through May 2, 2022, at the maximum level, resulting in 200% of the PSUs originally granted on May 2, 2018 that vest based on absolute TSR becoming earned. Includes 483,540 dividend equivalents accrued since May 2, 2018. These PSUs and dividend equivalents remain outstanding and release is subject to a one year deferral period ending on May 2, 2023.