Lipstein Robert J 4

What Happened
Robert J. Lipstein, a director of Quest Resource Holding Corp (QRHC), acquired 11,000 shares on 2026-03-18 in an open-market/private purchase at $0.90 per share, for a total reported cost of $9,857. This is a purchase (insider buy) rather than a sale.

Key Details

• Transaction date: 2026-03-18; reported on Form 4 filed 2026-03-19 (timely filing).
• Transaction type/code: Purchase (P) — open market or private purchase.
• Price and amount: 11,000 shares at $0.90 per share; total ≈ $9,857.
• Shares owned after transaction: At least 39,500 beneficially owned common shares (28,500 previously owned + 11,000 purchased), plus 20,000 restricted stock units scheduled to vest on August 13, 2026 (per footnote F1).
• Footnote F1: Notes (a) 20,000 RSUs that vest Aug 13, 2026 and (b) 28,500 shares beneficially owned before this purchase.
• Filing status: Appears timely (filed the business day after the transaction).

Context
Insider purchases can be interpreted as a positive signal because officers/directors are adding to positions, but this purchase is relatively small in dollar terms (~$9.9K). No 10b5-1 plan or tax-withholding note was disclosed in the filing.