Smith Claiborne Benson 4

What Happened

Smith Claiborne Benson, Arq's General Counsel and Corporate Secretary, acquired a total of 2,000 shares of Arq, Inc. (ARQ) in two open-market/private purchases. On 2026-03-12 Benson bought 1,000 shares at $1.92 each for $1,919, and on 2026-03-16 Benson bought another 1,000 shares at $1.92 each for $1,918 — about $3,837 combined. These were purchases (insider buying), which many investors consider a more informative signal than routine sales, though motivations are not stated.

Key Details

• Transactions: Open-market/private purchases (code P)
• Dates & prices: 2026-03-12 — 1,000 shares @ $1.92 ($1,919); 2026-03-16 — 1,000 shares @ $1.92 ($1,918)
• Total acquired: 2,000 shares for ~ $3,837
• Shares owned after transaction: Not specified in the provided filing
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other footnotes were indicated in the supplied details
• Timeliness: Form filed 2026-03-16; filing appears timely under the two-business-day Form 4 rule

Context

• This was a straightforward cash purchase of common stock (P = purchase). Purchases by executives are often watched by retail investors as a sign of confidence, but the filing contains no explanation of Benson’s motives.
• The dollar amount is modest relative to typical insider trades; interpret size accordingly.