{"scope": "company", "symbol": "HCXY", "name": "Hercules Capital, Inc.", "intelligence": {"score": 29, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 82, "confidence_label": "Deep evidence", "filings": 10, "companies": 1, "insiders": 5, "signal_events": 10, "acquisition_events": 1, "disposal_events": 9, "acquisition_share": 10.0, "disposal_share": 90.0, "acquisition_value": 59992.77, "disposal_value": 496414.71, "net_value": -436421.94, "acquisition_value_label": "$60.0K", "disposal_value_label": "$496.4K", "net_value_label": "-$436.4K", "data_quality": 100, "priced_common_share": 100, "latest_date": "2026-07-09", "latest_signal_date": "2026-07-09", "oldest_date": "2026-06-09", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 10, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 0, "bar_width": 0.0}, {"key": "derivative", "label": "Options and derivatives", "count": 0, "bar_width": 0.0}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Other executive", "count": 6, "bar_width": 100.0}, {"label": "CEO and chair", "count": 2, "bar_width": 33.3}, {"label": "Director", "count": 1, "bar_width": 16.7}, {"label": "Finance leadership", "count": 1, "bar_width": 16.7}], "supports": ["Participation spans 5 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.", "The latest qualifying filing is more than 30 days old."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 12.5, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 1, "disposals": 0, "qualified_acquisitions": 1, "qualified_disposals": 0, "total": 1, "height": 12.5, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 0, "disposals": 8, "qualified_acquisitions": 0, "qualified_disposals": 8, "total": 8, "height": 100.0, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "market": {"latest_week": "2026-08-07", "latest_close": "25.000000", "currency": "USD", "one_week_change": "0", "thirteen_week_change": "1.574366107900661407579373562", "four_week_change": "1.574366107900661407579373562", "range_high": "25.170000", "range_low": "24.445144", "average_volume": 15287, "relative_strength": "-9.634610", "market_dynamics": "-0.385680", "fair_value": "23.049500", "fair_value_gap": "8.462222607865680383522419141", "trend_signal": "0", "one_week_change_label": "+0.0%", "thirteen_week_change_label": "+1.6%", "four_week_change_label": "+1.6%", "fair_value_gap_label": "+8.5%"}, "transactions": [{"date": "2026-07-09", "insider": "BLUESTEIN, SCOTT", "role": "Director, Chief Executive Officer", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "167129.8800", "value_label": "$167.1K"}, {"date": "2026-07-09", "insider": "BLUESTEIN, SCOTT", "role": "Director, Chief Executive Officer", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "152836.2900", "value_label": "$152.8K"}, {"date": "2026-07-09", "insider": "MEYER, SETH H", "role": "President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "54256.0200", "value_label": "$54.3K"}, {"date": "2026-07-09", "insider": "MEYER, SETH H", "role": "President", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "47242.5900", "value_label": "$47.2K"}, {"date": "2026-07-09", "insider": "FOLLMANN, CHRISTIAN", "role": "Chief Operating Officer", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "22483.7700", "value_label": "$22.5K"}, {"date": "2026-07-09", "insider": "FOLLMANN, CHRISTIAN", "role": "Chief Operating Officer", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "21416.8500", "value_label": "$21.4K"}, {"date": "2026-07-09", "insider": "BOTELHO, KIERSTEN ZAZA", "role": "Chief Legal Officer & CCO", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "15972.4200", "value_label": "$16.0K"}, {"date": "2026-07-09", "insider": "BOTELHO, KIERSTEN ZAZA", "role": "Chief Legal Officer & CCO", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "14999.6400", "value_label": "$15.0K"}, {"date": "2026-06-18", "insider": "BADAVAS, ROBERT P", "role": "Director", "side": "Acquisition", "security": "Common Stock", "evidence_class": "common_equity", "value": "59992.7700", "value_label": "$60.0K"}, {"date": "2026-06-09", "insider": "MEYER, SETH H", "role": "Chief Financial Officer", "side": "Disposal", "security": "Common Stock", "evidence_class": "common_equity", "value": "77.2500", "value_label": "$77"}], "method": "Directional scores use deduplicated, priced common-share evidence with asymmetric disposal weighting, role, freshness, and size controls."}