Form 4: Director McIntyre Adjusts ARQ Stock Holdings

Arq Director Julian McIntyre reported a restructuring of his indirect beneficial ownership of common stock, involving transfers from entities anticipating dissolution.

Summary

• Julian McIntyre, a Director of Arq, Inc. (ARQ), reported changes in his beneficial ownership of Arq common stock.
• On September 25, 2025, 30,000 shares of common stock held by MWB Limited were transferred to a minority owner of MWB Limited.
• This transfer was made in anticipation of the intended dissolution of the MWB Limited entity.
• Concurrently, the remaining 352,042 shares of Arq common stock held by MWB Limited were transferred to Allard Services Limited.
• Allard Services Limited's reported beneficial ownership of 3,191,289 shares includes these 352,042 shares, plus 43,034 shares from Markham Fuels Management Limited and 21,908 shares from Stannard Limited.
• As of the date of this report, MWB Limited, Markham Fuels Management Limited, and Stannard Limited no longer hold shares of Arq common stock.
• Julian McIntyre directly owns 58,978 shares and indirectly beneficially owns 3,191,289 shares through Allard Services Limited, which he controls.

Sentiment

Score: 5

Explanation: This filing is a standard disclosure of insider stock ownership changes, reflecting a restructuring of holdings rather than a direct buy/sell decision based on company performance or new strategic initiatives.

Future Outlook

The filing indicates an anticipated dissolution of MWB Limited, which prompted the reported stock transfers.

Industry Context

This filing is a routine disclosure of insider ownership changes and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Transfer of 30,000 shares from MWB Limited (majority owned by Allard Services Limited, controlled by Julian McIntyre) to a minority owner of MWB Limited.
• Transfer of 352,042 shares from MWB Limited to Allard Services Limited (controlled by Julian McIntyre).
• Transfers of 43,034 shares from Markham Fuels Management Limited and 21,908 shares from Stannard Limited to Allard Services Limited, all contributing to Julian McIntyre's indirect beneficial ownership.

Stakeholder Impact

• Shareholders: Provides transparency regarding the restructuring of a director's indirect beneficial ownership in the company.

Next Steps

• Intended dissolution of MWB Limited.

Key Dates

Recommendation

This Form 4 reports a restructuring of a director's indirect beneficial ownership through various entities, rather than a direct market transaction based on a view of the company's prospects. It does not provide new information that would fundamentally alter an investment thesis for Arq, Inc., thus a 'hold' recommendation remains appropriate.

Keywords

Arq, ARQ, Julian McIntyre, beneficial ownership, stock transfer, director, SEC Form 4, insider holdings