Form 4: Quest Resource Holding Corp: Hampstead Park Increases Stake with Recent Stock Purchases

Daniel M. Friedberg, affiliated with Hampstead Park, reports purchasing additional shares of Quest Resource Holding Corp, increasing their indirect holdings.

Summary

• Daniel M. Friedberg, a director and 10% owner of Quest Resource Holding Corp, along with Hampstead Park Capital Management, LLC and Hampstead Park Environmental Services Investment Fund LLC, filed a Form 4.
• The filing reports the purchase of 10,000 shares on March 18, 2025, at a weighted average price of $2.9475, and 2,574 shares on March 19, 2025, at a weighted average price of $2.9616.
• Following these transactions, the reporting entities indirectly own 2,825,121 shares through Hampstead Park Environmental Services Investment Fund LLC.
• The filing also reports 28,112 shares held directly by Daniel M. Friedberg, consisting of deferred stock units granted under the company's incentive compensation plans.
• A Power of Attorney exhibit is included, granting Perry W. Moss, Brett W. Johnston, and Laura Nisbett the authority to execute and file Section 16 forms on behalf of Daniel M. Friedberg.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally seen as a positive sign, but the amounts are not large enough to indicate a strong bullish signal. The filing is a routine disclosure.

Positives

• Increased investment by a director and significant shareholder may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's sentiment and potential future performance.

Comparison to Industry Standards

• Comparing insider transactions to those of peers like Waste Management (WM), Republic Services (RSG), and Casella Waste Systems (CWST) can provide context.
• For example, if WM or RSG insiders were also increasing their holdings, it might suggest a broader positive outlook for the waste management industry.
• However, without specific data on insider transactions for these comparable companies during the same period, a direct comparison is limited.

Stakeholder Impact

• Shareholders may view the insider buying as a positive signal, potentially increasing investor confidence.
• The impact on employees, customers, suppliers, and creditors is likely minimal, as this is primarily a financial transaction disclosure.

Key Dates

Keywords

Form 4, Quest Resource Holding Corp, QRHC, Daniel Friedberg, Hampstead Park Capital, Beneficial Ownership, Stock Purchase, Section 16