R. Rimmy Malhotra - Jan 28, 2022 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Stock symbol
HQI
Transactions as of
Jan 28, 2022
Transactions value $
$0
Form type
4
Date filed
2/1/2022, 03:11 PM
Previous filing
Nov 10, 2021
Next filing
Apr 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQI Common Stock Award +996 +1.66% 60.9K Jan 28, 2022 Direct F1, F2
holding HQI Common Stock 112K Jan 28, 2022 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. These shares represent compensation in-lieu of a quarterly cash retainer. 830 of these shares vest on April 28, 2022 and 166 shares vest on January 28, 2024.
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 $17.32 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.