QH Hungary Holdings Ltd 4

What Happened
QH Hungary Holdings Ltd, reported as a 10% owner of Quaker Chemical Corp (KWR), executed a series of derivative acquisitions (Form 4 code J) on May 26, 2026, totaling 341,612 shares. The filing shows nine separate derivative acquisitions (17,502; 34,000; 60,000; 19,732; 140,000; 10,296; 17,502; 34,000; 8,580). No per-share price is reported on the Form 4 (listed as N/A); the transactions are described in Exhibit 99.1 (see notes 1(a)–1(g) and Note 2).

Key Details

• Transaction date: May 26, 2026 (reported on Form 4 filed May 28, 2026).
• Transaction type: Code J — "other acquisition or disposition" of derivative securities (acquisitions). Price: N/A (not reported on the Form 4).
• Total shares acquired: 341,612 (sum of nine derivative acquisition entries).
• Shares owned after transaction: Not provided in the supplied data (see Exhibit 99.1 for ownership details).
• Footnotes: F1–F8 refer to explanatory notes in Exhibit 99.1; check that exhibit for the exact nature (e.g., conversion, settlement, exchange) of these derivative transactions.
• Timeliness: Filed within the typical two-business-day window (transaction 5/26/2026; filing 5/28/2026).

Context

• Code J and the footnotes indicate these were derivative-related acquisitions (e.g., conversion, settlement, or similar); Exhibit 99.1 contains the issuer’s explanation.
• As a 10% owner, QH Hungary Holdings is a significant institutional holder rather than an individual executive—treat this as institutional activity, not insider executive trading.
• Derivative transactions can reflect structural or contract-driven changes (conversion/exchange) rather than a simple open-market purchase; review Exhibit 99.1 for the precise mechanics.