Form 4: Quest Resource Director Glenn Culpepper Reports Stock Transactions, Including Sale of Common Shares and Acquisition of Deferred Stock Units

Quest Resource Holding Corp. Director Glenn Culpepper reported the disposition of 16,176 common shares and the acquisition of 2,386 deferred stock units, bringing his total beneficial ownership of deferred stock units to 21,629.

Summary

• Glenn Culpepper, a Director of Quest Resource Holding Corp. (QRHC), reported changes in his beneficial ownership of company securities.
• On May 31, 2025, Mr. Culpepper acquired 2,386 deferred stock units (DSUs) under the Issuer's 2024 Incentive Compensation Plan at a price of $2.2 per unit.
• These newly acquired DSUs are part of the 6,629 deferred stock units granted under the 2024 Incentive Compensation Plan.
• The shares of common stock underlying these deferred stock units will be issued upon Mr. Culpepper's separation from service with the Issuer.
• Concurrently, Mr. Culpepper disposed of 16,176 shares of common stock that he directly held.
• Following these transactions, Mr. Culpepper beneficially owns a total of 21,629 deferred stock units, which include 15,000 units from the 2012 Incentive Compensation Plan and 6,629 units from the 2024 Incentive Compensation Plan.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the director's disposition of a significant number of common shares, which outweighs the positive signal from the acquisition of deferred stock units, especially since the latter are not immediately convertible.

Positives

• The acquisition of 2,386 deferred stock units aligns the director's long-term incentives with the company's performance, as these units are granted under an incentive compensation plan and will be issued upon separation from service.

Negatives

• The disposition of 16,176 shares of common stock by a director could be perceived as a negative signal by investors, as it represents a reduction in direct equity holdings.

Future Outlook

The deferred stock units acquired by the director are scheduled to be issued as common stock upon his separation from service with the Issuer, indicating a long-term vesting structure.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, common across all publicly traded companies. It provides transparency into how company insiders are managing their equity holdings, which can sometimes offer insights into their perception of the company's future prospects.

Stakeholder Impact

• Shareholders: May interpret the director's sale of common stock as a potential lack of confidence, while the acquisition of deferred stock units indicates continued alignment with long-term incentive plans.

Key Dates

Keywords

Quest Resource Holding Corp, QRHC, Form 4, insider trading, director stock transaction, deferred stock units, common stock, beneficial ownership, incentive compensation plan