Bluestein Scott

Scott Bluestein's Form 4 record at Hercules Capital covers 331 transactions since November 2010, all against a single issuer, with a lifetime total of 12,750 shares bought against 4,841,265 sold — a roughly 380-to-1 sell-to-buy ratio. The record runs on an annual cycle: a large code-A grant lands near the start of each year, followed by code-F tax-withholding sales clustered around the 9th through 12th of January, April, July, and October. The two most recent annual grants show the size increasing: 241,742 shares at $19.98 on 2025-01-09, followed a year later by 298,794 shares at $18.24 on 2026-01-08 — a roughly 24% increase year over year, with a smaller 23,759-share pre-grant on 2025-12-04 ahead of the second one.

The withholding sales that follow each grant track a price that has drifted lower across the window: $17.48 in January 2024, $21.11 at a July 2024 peak, $19.98 in January 2025, down to $14.74 by April 2026 — the lowest print in this record — before recovering slightly to $15.69 by July 2026. One transaction breaks from the withholding pattern entirely: a 100,000-share open-market sale at $19.5864 on 2024-09-26, the single largest sale in the window that isn't tied to a vesting date.