Form 4: QRHC Director Nolan Acquires Deferred Stock Units

Quest Resource Holding Corp Director Stephen A. Nolan reported the acquisition of 2,302 deferred stock units at $1.52 per unit.

Summary

• Stephen A. Nolan, a Director of Quest Resource Holding Corp (QRHC), reported an acquisition of 2,302 shares of Common Stock in the form of deferred stock units (DSUs).
• The transaction occurred on October 31, 2025, with an acquisition price of $1.52 per unit.
• These DSUs were granted under the Issuer's 2024 Incentive Compensation Plan and will be issued as common stock upon Nolan's separation from service with the Issuer.
• Following this transaction, Nolan beneficially owns a total of 82,025 deferred stock units, comprising 63,657 DSUs from the 2012 plan and 18,368 DSUs from the 2024 plan, all vesting upon separation from service.
• Nolan's total beneficial ownership also includes 112,585 shares of common stock, which consists of 20,000 restricted stock units (RSUs) scheduled to fully vest on August 13, 2026, and 92,585 directly owned shares, with 5,000 held jointly with his spouse.

Sentiment

Score: 5

Explanation: The filing is a routine insider transaction report, indicating a neutral sentiment as it primarily provides factual information about a director's equity holdings and a recent acquisition of deferred stock units.

Positives

• A director's acquisition of company stock, even in the form of deferred units, can signal confidence in the company's future prospects to the market.

Future Outlook

The filing primarily reports a past transaction and does not contain explicit forward-looking statements or guidance beyond the vesting schedule of certain equity awards.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• The acquisition of deferred stock units by Stephen A. Nolan, a Director, constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the director's acquisition of deferred stock units as a minor positive signal, suggesting management's continued alignment with shareholder interests and confidence in the company's long-term value.

Next Steps

• The shares of common stock underlying the deferred stock units (DSUs) will be issued upon the Reporting Person's separation from service with the Issuer.
• 20,000 restricted stock units (RSUs) are scheduled to fully vest on August 13, 2026.

Key Dates

Keywords

Quest Resource Holding Corp, QRHC, Stephen A. Nolan, Form 4, Insider Transaction, Deferred Stock Units, DSUs, Common Stock, Director, Beneficial Ownership