Form 4: Director's Equity Changes at Quest Resource Holding

Quest Resource Holding Director Daniel Friedberg reports changes in beneficial ownership, including acquisition of 6,984 deferred stock units and disposition of other equity.

Summary

• Daniel Friedberg, a Director and 10% owner of Quest Resource Holding Corp (QRHC), reported changes in beneficial ownership.
• Acquired 6,984 Deferred Stock Units (DSUs) of common stock at $2.15 per share, granted under the Issuer's 2024 Incentive Compensation Plan. These DSUs will be issued upon Mr. Friedberg's separation from service.
• Disposed of 62,628 DSUs, comprising 18,153 DSUs from the 2012 plan and 44,475 DSUs from the 2024 plan. These shares are also slated for issuance upon separation from service.
• Disposed of 40,585 shares, which include 20,000 Restricted Stock Units (RSUs) scheduled to fully vest on August 13, 2026, and 20,585 beneficially owned common shares.
• Following these transactions, Mr. Friedberg, through Hampstead Park Environmental Services Investment Fund LLC, indirectly beneficially owns 2,842,353 shares of common stock.
• This report is filed jointly by Daniel Friedberg, Hampstead Park Capital Management, LLC, and Hampstead Park Environmental Services Investment Fund LLC, all identified as 10% owners.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting routine insider equity transactions and ownership structure changes without indicating significant positive or negative operational developments.

Positives

• Daniel Friedberg acquired 6,984 Deferred Stock Units (DSUs) at $2.15, indicating continued equity participation and alignment with long-term company performance.

Negatives

• Daniel Friedberg disposed of 62,628 Deferred Stock Units (DSUs) and 40,585 shares, including Restricted Stock Units (RSUs) and directly owned common stock.

Future Outlook

Shares underlying Deferred Stock Units (DSUs) will be issued upon Mr. Friedberg's separation from service with Quest Resource Holding Corp. Additionally, 20,000 Restricted Stock Units (RSUs) are scheduled to fully vest on August 13, 2026.

Management Comments

• "These reported securities represent deferred stock units ("DSUs") granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon Mr. Friedberg's separation from service with the Issuer."
• "The reported securities include (a) 18,153 DSUs granted under the Issuer's 2012 Incentive Compensation Plan and (b) 44,475 DSUs granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon Mr. Friedberg's separation from service with the Issuer."
• "Includes (a) 20,000 RSUs that are scheduled to fully vest on August 13, 2026 and (b) 20,585 shares of common stock beneficially owned by Mr. Friedberg."
• "This Form 4 is filed jointly by Hampstead Park Environmental Services Investment Fund LLC ("Hampstead Park Environmental"), Daniel Friedberg and Hampstead Park Capital Management, LLC ("Hampstead Park Capital"). Hampstead Park Capital is the sole member of Hampstead Park Environmental, and Mr. Friedberg is the Chief Executive Officer of Hampstead Park Capital; each may therefore be deemed to control Hampstead Park Environmental. In addition, Mr. Friedberg is a Director of the Issuer."

Industry Context

StockSavvy.ai notes that insider filings provide transparency into management's direct equity exposure and can signal confidence or concerns, though this specific filing primarily details routine equity compensation and ownership structure rather than broader industry trends.

Related Party Transactions

• Transactions involve Daniel Friedberg, a Director and CEO of Hampstead Park Capital Management, LLC, and Hampstead Park Environmental Services Investment Fund LLC, all of whom are 10% owners of Quest Resource Holding Corp. These are inherently related-party dealings due to their insider status.

Stakeholder Impact

• Shareholders: Provides transparency on insider ownership and equity compensation, which can influence investor perception of management alignment with long-term company interests.

Next Steps

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

Key Dates

Keywords

Quest Resource Holding, QRHC, Form 4, insider trading, beneficial ownership, deferred stock units, restricted stock units, Daniel Friedberg, Hampstead Park