R. Rimmy Malhotra - 13 Feb 2025 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Issuer symbol
HQI
Transactions as of
13 Feb 2025
Net transactions value
$0
Form type
4
Filing time
18 Feb 2025, 13:11:52 UTC
Previous filing
16 Jan 2025
Next filing
19 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQI Common Stock Award +1,287 +1.4% 91,168 13 Feb 2025 Direct F1, F2
holding HQI Common Stock 120,130 13 Feb 2025 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. 1073 of these shares vest on May 15, 2025 and 215 shares vest on February 13, 2027.
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 $13.40 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.