Form 4: Director Friedberg Boosts QRHC Stake with DSU Grant

Daniel M. Friedberg, a Director and 10% owner of Quest Resource Holding Corp, reported the acquisition of 8,532 deferred stock units.

Summary

• Daniel M. Friedberg, a Director and 10% owner of Quest Resource Holding Corp (QRHC), reported the acquisition of 8,532 deferred stock units (DSUs) on February 28, 2026.
• These DSUs were granted under the Issuer's 2024 Incentive Compensation Plan at a price of $1.76 per unit, with shares to be issued upon Mr. Friedberg's separation from service.
• Following this transaction, Mr. Friedberg's direct beneficial ownership includes 71,160 DSUs (comprising 18,153 from the 2012 plan and 53,007 from the 2024 plan) and 40,585 shares (consisting of 20,000 Restricted Stock Units vesting August 13, 2026, and 20,585 common shares).
• Mr. Friedberg also indirectly beneficially owns 2,842,353 shares through Hampstead Park Environmental Services Investment Fund LLC, which he controls via Hampstead Park Capital Management, LLC.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a director and significant owner increasing their stake, even through a grant, demonstrates continued commitment and confidence in the company's future.

Positives

• A Director and significant shareholder, Daniel M. Friedberg, increased his beneficial ownership in Quest Resource Holding Corp through the acquisition of 8,532 deferred stock units.
• The grant of DSUs aligns management's long-term interests with shareholder value, as the shares are issued upon separation from service.

Future Outlook

The shares underlying the deferred stock units (DSUs) will be issued to Mr. Friedberg upon his separation from service with Quest Resource Holding Corp. Additionally, 20,000 Restricted Stock Units (RSUs) are scheduled to fully vest on August 13, 2026.

Industry Context

StockSavvy.ai notes that insider purchases or grants, especially by directors and significant shareholders, can be viewed positively by the market as they signal confidence in the company's future prospects. This transaction is a routine disclosure of an equity grant under an incentive plan, common across various industries to align executive and director interests with long-term shareholder value.

Related Party Transactions

• Grant of 8,532 deferred stock units (DSUs) to Daniel M. Friedberg, a Director and 10% owner, under the Issuer's 2024 Incentive Compensation Plan.

Stakeholder Impact

• Shareholders: Increased alignment of a significant director's interests with long-term shareholder value due to equity grants.
• Management/Directors: Daniel M. Friedberg's compensation package is enhanced with additional equity, incentivizing long-term performance.

Next Steps

• Issuance of shares underlying DSUs upon Mr. Friedberg's separation from service with Quest Resource Holding Corp.
• Full vesting of 20,000 Restricted Stock Units (RSUs) on August 13, 2026.

Key Dates

Recommendation

The Form 4 filing indicates a routine grant of deferred stock units to a director, which is a positive signal of insider confidence and alignment. However, it does not present new fundamental information or a significant open-market purchase that would warrant a 'buy' recommendation. The transaction is expected and primarily serves to align long-term interests, thus supporting a 'hold' position for existing investors.

Keywords

Quest Resource Holding Corp, QRHC, Daniel M. Friedberg, Hampstead Park Capital Management, Hampstead Park Environmental Services Investment Fund, SEC Form 4, Beneficial Ownership, Deferred Stock Units, DSU, Insider Trading, Director Ownership, 10% Owner