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Quest Resource Holding Corp·4

Mar 23, 4:15 PM ET

FRIEDBERG DANIEL M. 4

Research Summary

AI-generated summary

Updated

Quest Resource (QRHC) 10% Owner Daniel Friedberg Buys 8,500 Shares

What Happened
Daniel M. Friedberg — a 10% owner and director (also connected to Hampstead Park entities) — purchased 8,500 shares of Quest Resource Holding Corp (QRHC) on March 19, 2026 at $0.87 per share, for a total of $7,395. This was a purchase (code P) reported on the Form 4 filed March 23, 2026.

Key Details

  • Transaction date and price: 2026-03-19, open-market/private purchase at $0.87 per share.
  • Amount acquired and value: 8,500 shares, total cash paid $7,395.
  • Shares owned after transaction: Form disclosures show 29,085 common shares beneficially owned before this purchase; adding the 8,500 acquired implies at least 37,585 common shares beneficially owned following the trade.
  • Other reported holdings (footnotes): 20,000 restricted stock units (scheduled to vest Aug 13, 2026) and 71,160 deferred stock units (18,153 under the 2012 plan and 53,007 under the 2024 plan) that will convert to shares upon separation from service.
  • Filing/filers: The Form 4 was filed jointly by Hampstead Park Environmental Services Investment Fund LLC, Daniel Friedberg and Hampstead Park Capital Management, LLC; Hampstead Park Capital is the sole member of the fund and Mr. Friedberg is its CEO. Mr. Friedberg is also a director of the issuer.
  • Timeliness: The Form 4 was filed on March 23, 2026 for a March 19 transaction — this meets the two-business-day Form 4 filing requirement.

Context

  • Purchase signals: Purchases by insiders can be viewed as a stronger signal than sales, but this is a relatively small cash purchase ($7.4k) and should be weighed with other insider activity and company fundamentals.
  • Deferred units/RSUs: DSUs listed in the filing will only convert to shares upon Mr. Friedberg’s separation of service; RSUs vesting is scheduled for August 13, 2026.
  • Joint/institutional nature: Because the filing is joint with related Hampstead Park entities and Mr. Friedberg is a 10% owner, this transaction is tied to an owner/affiliated-investor structure rather than only an unaffiliated executive trade.