R. Rimmy Malhotra - Nov 20, 2024 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Stock symbol
HQI
Transactions as of
Nov 20, 2024
Transactions value $
$0
Form type
4
Date filed
11/22/2024, 03:14 PM
Previous filing
Nov 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQI Common Stock Award +1.19K +1.34% 89.9K Nov 20, 2024 Direct F1, F2
holding HQI Common Stock 120K Nov 20, 2024 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. 993 of these shares vest on February 20, 2025 and 198 shares vest on November 20, 2026.
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 $14.48 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.