R. Rimmy Malhotra - 19 Aug 2021 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Issuer symbol
HQI
Transactions as of
19 Aug 2021
Net transactions value
$0
Form type
4
Filing time
23 Aug 2021, 16:11:40 UTC
Previous filing
28 Jun 2021
Next filing
02 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQI Common Stock Award +937 +1.6% 58,981 19 Aug 2021 Direct F1, F2
holding HQI Common Stock 112,235 19 Aug 2021 See FN F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock awarded to Mr. Malhotra in his capacity as a Director of Issuer for Board of Director services. Shares represent compensation in-lieu of a quarterly cash retainer. 781 shares will vest November 19, 2021, and 156 shares will vest August 19, 2023.
F2 Shares awarded for board service. See note 1. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $18.41 per share.
F3 Represents shares directly owned by Nicoya Fund, LLC, a Delaware limited liability company. Mr. Malhotra is managing member of Nicoya Capital, LLC, which is the managing member of Nicoya Fund, LLC. Mr. Malhotra disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.