Joseph M. Wong - Feb 12, 2025 Form 4 Insider Report for Arq, Inc. (ARQ)

Role
Chief Technology Officer
Signature
/s/ Joseph M Wong
Stock symbol
ARQ
Transactions as of
Feb 12, 2025
Transactions value $
-$41,480
Form type
4
Date filed
2/14/2025, 05:37 PM
Previous filing
Aug 5, 2024
Next filing
Mar 25, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARQ Common Stock Options Exercise +14.7K +4.5% 342K Feb 12, 2025 Direct F1
transaction ARQ Common Stock Tax liability -$41.5K -7K -2.04% $5.93 335K Feb 12, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARQ Performance Share Unit Options Exercise $0 -33.4K -100% $0.00 0 Feb 12, 2025 Common Stock 33.4K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 12, 2025, the Compensation Committee of the Board of Directors of the issuer determined that of the 16,710 performance share units ("PSUs") awarded to the reporting person on March 23, 2022 pursuant to the 2022 Long Term Incentive Plan under the issuer's 2017 Omnibus Equity Incentive Plan, 14,728 PSUs vested based on the achievement of specific performance criteria over a three year performance period ended December 31, 2024. Each vested PSU represented the right to receive one share of the issuer's common stock.
F2 Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of PSUs on February 12, 2025.
F3 Represents the maximum number of PSUs eligible to vest, which is 200% of the target award.