R. Rimmy Malhotra - Dec 29, 2023 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Stock symbol
HQI
Transactions as of
Dec 29, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 04:11 PM
Previous filing
Dec 18, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQI Common Stock Award +1.2K +1.64% 74.3K Dec 29, 2023 Direct F1, F2
holding HQI Common Stock 120K Dec 29, 2023 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 the reporting person 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 vest December 15, 2025.
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 $15.35.
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.