Form 4: Quest Resource Holding Corp: Director Friedberg Reports Holdings

Quest Resource Holding Corp Director Daniel M. Friedberg has reported changes in his beneficial ownership of company stock, including the acquisition of deferred stock units.

Summary

• Daniel M. Friedberg, a Director and 10% owner of Quest Resource Holding Corp (QRHC), has filed a Form 4 detailing transactions related to his beneficial ownership.
• The filing indicates the acquisition of 12,619 deferred stock units (DSUs) at a price of $1.19 per share on March 31, 2026.
• These DSUs are part of the Issuer's 2024 Incentive Compensation Plan and will be issued upon Mr. Friedberg's separation from service.
• Additionally, the filing reports beneficial ownership of 49,085 shares of common stock and 2,842,353 shares held indirectly through Hampstead Park Environmental Services Investment Fund LLC.
• The indirect holdings also include 18,153 DSUs from the 2012 Incentive Compensation Plan and 65,626 DSUs from the 2024 Incentive Compensation Plan.
• Furthermore, 20,000 restricted stock units are noted, scheduled to vest on August 13, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports on routine insider transactions and equity awards rather than significant financial performance or strategic shifts.

Positives

• Director Daniel M. Friedberg continues to hold a significant beneficial ownership in Quest Resource Holding Corp, indicating continued commitment.
• The acquisition of DSUs and restricted stock units suggests a long-term alignment of management and director interests with shareholder value.
• The filing details a substantial indirect beneficial ownership through Hampstead Park Environmental Services Investment Fund LLC, reinforcing a 10% owner status.

Negatives

• The filing does not contain any negative financial performance indicators or operational challenges.
• No disposal of securities by the reporting person is indicated, which could be seen as a negative sign of confidence.

Risks

• The issuance of DSUs is contingent upon Mr. Friedberg's separation from service, introducing a potential future event that could trigger share issuance.
• The vesting of 20,000 restricted stock units on August 13, 2026, represents a future dilution event.

Future Outlook

The filing primarily concerns changes in beneficial ownership and does not provide forward-looking financial guidance. However, the vesting of restricted stock units on August 13, 2026, and the potential issuance of DSUs upon separation from service represent future events impacting share count.

Management Comments

• 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) 20,000 restricted stock units that are scheduled to fully vest on August 13, 2026 and (b) 29,085 shares of common stock beneficially owned by Mr. Friedberg.
• 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.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The reporting of deferred stock units and restricted stock units by a director and 10% owner is common practice for aligning executive incentives with long-term company performance and shareholder value.

Stakeholder Impact

• Shareholders: The issuance of DSUs and vesting of RSUs may lead to a slight increase in the total number of outstanding shares over time, potentially impacting earnings per share if not accompanied by proportional profit growth.
• Employees: The structure of equity awards for management and directors can influence overall employee morale and retention strategies.
• Management: The continued accumulation of equity-based compensation reinforces the alignment of management's financial interests with the company's long-term success.

Next Steps

• Shares of common stock underlying DSUs will be issued upon Mr. Friedberg's separation from service.
• 20,000 restricted stock units are scheduled to fully vest on August 13, 2026.

Key Dates

Keywords

Form 4, SEC Filing, Quest Resource Holding Corp, QRHC, Daniel M. Friedberg, Director, Beneficial Ownership, Deferred Stock Units, Restricted Stock Units, Hampstead Park Capital Management, Hampstead Park Environmental Services Investment Fund LLC, Insider Trading, Stock Holdings