R. Rimmy Malhotra - 11 Jul 2022 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Issuer symbol
HQI
Transactions as of
11 Jul 2022
Net transactions value
$0
Form type
4
Filing time
13 Jul 2022, 16:05:50 UTC
Previous filing
26 Apr 2022
Next filing
23 Sep 2022
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 +5,216 +8.4% 67,016 11 Jul 2022 Direct F1, F2
holding HQI Common Stock 112,235 11 Jul 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 and an annual retainer pursuant to the HireQuest, Inc. 2019 Non-Employee Director Compensation Plan. 5,013 of these shares vest on October 11, 2022 and 203 shares vest on July 11, 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 $14.19 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.