Form 4: Quest Resource Holding Corp CFO Reports Stock Transactions

Quest Resource Holding Corp's CFO, Brett Wade Johnston, reported acquiring 1,489 shares and disposing of 29,559 shares of common stock.

Summary

• Brett Wade Johnston, the Senior VP of Finance and CFO of Quest Resource Holding Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 14, 2024, Johnston acquired 1,489 shares of common stock at a price of $6.001 per share through the company's employee stock purchase plan.
• On the same date, Johnston disposed of 29,559 shares of common stock.
• The acquisition was exempt under Rule 16b-3(d) and Rule 16b-3(c) of the Securities Exchange Act of 1934.
• The purchase price was determined by the employee stock purchase plan, which is 85% of the lesser of the market value on the offering date (May 15, 2024) and the market value on the purchase date.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. The acquisition is positive, but the disposal is negative, resulting in a neutral sentiment.

Positives

• The acquisition of shares by the CFO through the employee stock purchase plan indicates participation in company programs.

Negatives

• The disposal of 29,559 shares by the CFO could be interpreted negatively by the market.

Risks

• Significant stock disposals by company executives can sometimes lead to negative market sentiment.

Industry Context

This is a routine filing related to insider trading and is common for publicly traded companies. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The employee stock purchase plan is a common benefit offered by many companies, and the terms of the plan are typical.

Stakeholder Impact

• Shareholders may react to the CFO's stock transactions, potentially affecting the stock price.

Key Dates

Keywords

Form 4, insider trading, stock transaction, employee stock purchase plan, Quest Resource Holding Corp, QRHC, Brett Wade Johnston, CFO