R. Rimmy Malhotra - 28 Nov 2023 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Issuer symbol
HQI
Transactions as of
28 Nov 2023
Net transactions value
$0
Form type
4
Filing time
30 Nov 2023, 16:05:46 UTC
Previous filing
08 Sep 2023
Next filing
18 Dec 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 +1,205 +1.7% 71,116 28 Nov 2023 Direct F1, F2
holding HQI Common Stock 116,130 28 Nov 2023 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. 1,004 of these shares vest on February 28, 2024 and 201 shares vest on November 28, 2025.
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 $14.32 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.