R. Rimmy Malhotra - Jun 23, 2025 Form 4 Insider Report for HireQuest, Inc. (HQI)

Role
Director
Signature
/s/ R. Rimmy Malhotra
Stock symbol
HQI
Transactions as of
Jun 23, 2025
Transactions value $
$0
Form type
4
Date filed
6/25/2025, 04:05 PM
Previous filing
Jun 11, 2025
Next filing
Jun 30, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Malhotra R. Rimmy Director 111 SPRINGHALL DRIVE, GOOSE CREEK /s/ R. Rimmy Malhotra 2025-06-25 0001442755

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQI Common Stock Award +1.7K +1.87% 92.9K Jun 23, 2025 Direct F1, F2
transaction HQI Common Stock Award +4K +4.31% 96.9K Jun 23, 2025 Direct F3, F4
holding HQI Common Stock 120K Jun 23, 2025 See FN F5
* 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. 1,420 of these shares vest on September 23, 2025 and 280 shares vest on June 23, 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 $10.12 per share.
F3 Represents shares of restricted stock awarded to the reporting person in his capacity as a Director of Issuer for Board of Director services. These shares represent an Annual Award pursuant to the HireQuest, Inc. 2019 Non-Employee Director Compensation Plan. These shares will vest on June 23, 2027.
F4 Shares awarded for board service. See note 3. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $10.12 per share.
F5 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.