Form 4: Quest Resource Holding Corp Director Stephen Nolan Reports Acquisition of Deferred Stock Units

Stephen A. Nolan, a Director at Quest Resource Holding Corp (QRHC), reported the acquisition of 1,590 deferred stock units and updated his beneficial ownership of common stock and deferred units.

Summary

• Stephen A. Nolan, a Director of Quest Resource Holding Corp (QRHC), acquired 1,590 deferred stock units on May 31, 2025, at a price of $2.2 per unit.
• These newly acquired units are granted under the Issuer's 2024 Incentive Compensation Plan and will be issued as common stock upon Mr. Nolan's separation from service with the Issuer.
• Following this transaction, Mr. Nolan beneficially owns 72,136 deferred stock units, comprising 63,657 units from the 2012 plan and 8,479 units from the 2024 plan, all issuable upon separation.
• Additionally, Mr. Nolan directly holds 82,176 shares of common stock of the Issuer, with 5,000 of these shares held jointly with his spouse.

Sentiment

Score: 6

Explanation: The filing indicates a routine insider transaction involving equity compensation, which is generally a neutral to slightly positive signal as it aligns management's interests with shareholders. It does not contain information that would significantly alter the company's financial outlook or operations.

Positives

• The acquisition of deferred stock units aligns the director's interests with those of the shareholders, as the value of these units is tied to the company's stock performance.
• The grant of equity compensation is a standard practice for retaining and incentivizing key management and directors.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• The acquisition of 1,590 deferred stock units by Director Stephen A. Nolan from Quest Resource Holding Corp constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The grant of deferred stock units to a director helps align the director's long-term interests with those of the shareholders, potentially leading to more shareholder-friendly decisions.

Next Steps

• The shares of common stock underlying the deferred stock units will be issued to Stephen A. Nolan upon his separation from service with Quest Resource Holding Corp.

Key Dates

Recommendation

Keywords

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