Robert E. Rasmus - Aug 1, 2024 Form 4 Insider Report for Arq, Inc. (ARQ)

Role: Chief Executive Officer, Director
Signature: /s/ Robert E. Rasmus
Stock symbol: ARQ
Transactions as of: Aug 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/5/2024, 06:45 PM
Previous filing: Jul 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARQ	Common Stock	Award	$0	+3.57K	+0.85%	$0.00	426K	Aug 1, 2024	Direct	F1
holding	ARQ	Common Stock						528K	Aug 1, 2024	By RER Legacy Investments II LLC.	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ARQ	Performance Share Units	Award	$0	+3.57K		$0.00	3.57K	Aug 1, 2024	Common Stock	7.14K		Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Granted in accordance with the Issuer's long-term incentive plan under the 2024 Omnibus Incentive Plan, as approved by stockholders on June 10, 2024.
F2	The shares of Common Stock reported on this row are held by RER Legacy Investments II LLC ("RER Legacy"). Mr. Rasmus is the ultimate control person of RER Legacy, and an indirect beneficial owner of these shares. Mr. Rasmus disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F3	Each Performance Share Unit ("PSU") represents a contingent right to receive one share of the Company's common stock upon vesting of the PSU, which will occur, if at all, no later than March 10, 2027 subject to the reporting person's continuous service with the Company or its related entities and the achievement of certain pre-established goals to be measured as of December 31, 2026.
F4	Represents the maximum number of PSUs that will vest, if at all, which is 200% of the target award.