R. Rimmy Malhotra - 30 Dec 2022 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Issuer symbol
HQI
Transactions as of
30 Dec 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2023, 15:09:35 UTC
Previous filing
29 Dec 2022
Next filing
15 May 2023
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 +979 +1.4% 68,995 30 Dec 2022 Direct F1, F2
holding HQI Common Stock 116,130 30 Dec 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 as a partial match for open market purchases pursuant to the 2019 HireQuest, Inc. Non-Employee Director Compensation Plan. These shares will vest December 27, 2024.
F2 Shares awarded pursuant to Compensation Plan. See note 1. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $15.81 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.