Nolan Stephen A 4

What Happened

• Stephen A. Nolan, a director of Quest Resource Holding Corp (QRHC), received a grant of 1,627 deferred stock units (DSUs) on January 31, 2026.
• The grant is reported at $2.15 per unit for a reported value of $3,498. This transaction is an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-31; Filing date: 2026-02-03 (filed timely).
• Grant details: 1,627 DSUs @ $2.15 = $3,498. DSUs are deferred — underlying shares issued upon the reporting person's separation from service (see F1).
• Reported holdings noted in the filing include: 63,657 DSUs (2012 plan) and 23,737 DSUs (2024 plan) (F2); 20,000 RSUs scheduled to fully vest on Aug 13, 2026 and 92,585 shares of common stock beneficially owned (5,000 of those held jointly) (F3).
• This award increases Nolan’s deferred/unit holdings but does not represent immediate stock purchase or sale.

Context

• DSUs are deferred awards: they typically convert to actual shares only when the director leaves the company, so they do not create immediate share sales or purchases.
• Awards like this are common for director compensation and are informational rather than a direct market vote by the insider.