Voncannon Jay Loring 4

What Happened

• Jay Loring Voncannon, who ceased serving as Arq's Chief Financial Officer on March 4, 2026, reported a sale of 16,709 Arq shares on May 4, 2026. The shares were disposed at a weighted average price of $2.27 per share for total proceeds of approximately $37,929. This transaction was a sale (routine cash-generating transaction), executed to satisfy tax withholding obligations tied to the vesting of restricted stock awards.

Key Details

• Transaction date: May 4, 2026; Form 4 filed May 6, 2026 (filed under Rule 16a-2(b) noting Reporting Person was no longer subject to Section 16 as of March 4, 2026).
• Price: weighted average $2.27; actual trades executed in multiple transactions at prices ranging $2.2700–$2.2822.
• Shares sold: 16,709; proceeds ≈ $37,929.
• Reason: sell-to-cover tax withholding for vested restricted stock awards (Footnote F1).
• Additional note: filing states the Reporting Person did not realize a profit on prior purchases of 9,000 shares (Nov 10, 2025 at $3.74) and 6,000 shares (Nov 11, 2025 at $3.5517 weighted average).
• Shares owned after the transaction: not specified in this Form 4.

Context

• Sell-to-cover transactions are common when restricted stock vests and generally reflect tax obligations rather than a targeted view on the stock; they are typically not a bullish signal.
• The filer was no longer an officer/insider as of March 4, 2026; this Form 4 was filed under the applicable rule despite the cessation of insider status.