Quest Resource Holding Corp·4

Apr 2, 5:15 PM ET

FRIEDBERG DANIEL M. 4

Research Summary

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Quest Resource (QRHC) 10% Owner Daniel Friedberg Receives DSU Award

What Happened
Daniel M. Friedberg, a 10% owner of Quest Resource Holding Corp (QRHC) and a company director, was granted 12,619 deferred stock units (DSUs) on March 31, 2026. The DSUs are reported at $1.19 per share for a reported value of $15,017. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

  • Transaction date and terms: 2026-03-31 — 12,619 DSUs @ $1.19 each; total reported value $15,017.
  • Shares / units reported after the transaction: beneficial ownership reported as 132,864 total securities, comprised of 29,085 shares of common stock, 20,000 restricted stock units (vest Aug 13, 2026), and 83,779 DSUs (18,153 from a 2012 plan + 65,626 from the 2024 plan, the latter amount includes the current grant).
  • Footnotes: the granted DSUs are deferred units; the underlying common shares will be issued only upon Mr. Friedberg’s separation from service. The Form 4 was filed jointly with Hampstead Park Environmental Services Investment Fund LLC and Hampstead Park Capital Management LLC; Mr. Friedberg is CEO of Hampstead Park Capital and may be deemed to control the fund.
  • Timeliness: Report covers period ending 2026-03-31 and was filed 2026-04-02 (no indication of a late filing).

Context
DSUs are a form of compensation that defers issuance of actual shares until separation from service, so these units do not represent newly tradable shares today. Such grants are common executive/board compensation and do not necessarily signal immediate buying or selling intent.