Quest Resource (QRHC) Director Robert Lipstein Receives Award

What Happened

• Robert J. Lipstein, a director of Quest Resource Holding Corp (QRHC), received a grant of 28,767 restricted stock units (RSUs) on August 13, 2026. The grant price reported is $1.46 per share, for a reported aggregate value of approximately $42,000. These RSUs are a compensation award, not an open-market purchase.

Key Details

• Transaction date: August 13, 2026; Filing date (Form 4): August 17, 2026 (four days later).
• Grant: 28,767 RSUs @ $1.46 per share; reported aggregate value ≈ $42,000.
• Vesting: The 28,767 RSUs are scheduled to vest on August 13, 2027 (per footnote). The reporting person also holds 8,498 RSUs that vest March 1, 2027, plus 48,500 shares of common stock.
• Shares beneficially owned following the report (including unvested RSUs): 85,765 (8,498 + 28,767 RSUs + 48,500 shares), per the filing footnote.
• Grant plan: Issued under the Issuer’s 2024 Incentive Compensation Plan. The RSUs convert to one share each upon vesting.
• Filing timeliness: Form 4 was filed four days after the transaction; Form 4s are generally due within two business days, so this appears later than the usual reporting window.

Context

• RSU grants are a common form of executive/director compensation and represent a future right to shares upon vesting; they are not an immediate cash purchase or sale. Because these RSUs are unvested until the listed dates, they do not currently increase Lipstein’s voting power until converted to shares. The grant signals compensation alignment with shareholders but should not be interpreted alone as a buy/sell market sentiment indicator.