Hermanns Richard 4

What Happened Richard Hermanns, listed as a 10% owner of HireQuest, Inc. (HQI), disposed of a total of 400,000 common shares on April 20, 2026 by gift — 300,000 shares to a charitable foundation and 100,000 shares to a trust. These were gifts (transaction code G), so no purchase price or sale proceeds are reported (price = N/A, total value = N/A). Gifts are treated as dispositions for reporting purposes, not market sales.

Key Details

• Transaction date: 2026-04-20. Filing date (Form 4): 2026-06-29 (appears to be filed well after the usual 2-business-day Form 4 deadline).
• Shares transferred: 300,000 (charitable foundation, footnote F1) and 100,000 (trust, footnote F2); total 400,000 shares.
• Price/value: Not applicable for gifts — no cash changed hands (price = N/A).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 = bona fide gift to a charitable foundation with no consideration; F2 = bona fide gift to a trust with no consideration.

Context Gifts by insiders typically reflect personal or estate/charitable planning and do not necessarily signal a view on the company’s prospects. As a disclosed 10% owner, Hermanns is a large shareholder; these transfers reduce beneficial holdings but are different from open-market sales. Retail investors should treat this as a non-market disposition and monitor future filings for any further changes in ownership.