Quest Resource (NASDAQ: QRHC) director receives DSU equity grant and holds 112,585 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Quest Resource Holding Corp director Stephen A. Nolan received an equity award of 2,941 deferred stock units at $1.19 per unit. These DSUs were granted under the company’s 2024 Incentive Compensation Plan and will convert into common shares when he separates from service with the company.

After this grant, he directly holds 92,323 shares of common stock. His position also includes 63,059 DSUs from the 2012 plan, 29,264 DSUs from the 2024 plan, and 20,000 RSUs scheduled to fully vest on August 13, 2026, for a total of 112,585 shares and RSUs reported as beneficially owned.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Nolan Stephen A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,941	$1.19	$3K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 92,323 shares (Direct)

Footnotes (1)

These reported securities represent deferred stock units ("DSUs") granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer. The reported securities include (a) 63,059 DSUs granted under the Issuer's 2012 Incentive Compensation Plan and (b) 29,264 DSUs granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer. Includes (a) 20,000 RSUs that are scheduled to fully vest on August 13, 2026 and (b) 92,585 shares of common stock beneficially owned by the Reporting Person, of which 5,000 are held jointly by the Reporting Person and his spouse.

Key Figures

Equity award: 2,941 DSUs Grant price: $1.19 per unit Direct common shares: 92,323 shares +5 more

8 metrics

Equity award 2,941 DSUs Grant under 2024 Incentive Compensation Plan

Grant price $1.19 per unit Price for 2,941 deferred stock units

Direct common shares 92,323 shares Common stock held directly after grant

Total beneficial ownership 112,585 shares/RSUs Includes RSUs and common stock

2012 plan DSUs 63,059 DSUs Granted under 2012 Incentive Compensation Plan

2024 plan DSUs 29,264 DSUs Granted under 2024 Incentive Compensation Plan

Unvested RSUs 20,000 RSUs Scheduled to fully vest on August 13, 2026

Jointly held shares 5,000 shares Held jointly with spouse within 92,585 shares

Key Terms

deferred stock units ("DSUs"), Incentive Compensation Plan, RSUs, beneficially owned, +1 more

5 terms

deferred stock units ("DSUs") financial

"These reported securities represent deferred stock units ("DSUs") granted under the Issuer's 2024 Incentive Compensation Plan."

Incentive Compensation Plan financial

"granted under the Issuer's 2024 Incentive Compensation Plan."

An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.

RSUs financial

"Includes (a) 20,000 RSUs that are scheduled to fully vest on August 13, 2026"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

beneficially owned financial

"92,585 shares of common stock beneficially owned by the Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

separation from service financial

"shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer."

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 05:17 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nolan Stephen A

(Last)

(First)

(Middle)

C/O QUEST RESOURCE HOLDING CORPORATION

433 E. LAS COLINAS BOULEVARD, SUITE 675

(Street)

IRVING

TEXAS

75039

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Quest Resource Holding Corp [ QRHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		A		2,941⁽¹⁾	A	$1.19	92,323⁽²⁾	D
Common Stock								112,585⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These reported securities represent deferred stock units ("DSUs") granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer.

2. The reported securities include (a) 63,059 DSUs granted under the Issuer's 2012 Incentive Compensation Plan and (b) 29,264 DSUs granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer.

3. Includes (a) 20,000 RSUs that are scheduled to fully vest on August 13, 2026 and (b) 92,585 shares of common stock beneficially owned by the Reporting Person, of which 5,000 are held jointly by the Reporting Person and his spouse.

	/s/ Brett W. Johnston, as Attorney-in-Fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did QRHC director Stephen A. Nolan acquire in this Form 4 filing?

Stephen A. Nolan received 2,941 deferred stock units valued at $1.19 each as an equity award. These DSUs were granted under Quest Resource Holding Corp’s 2024 Incentive Compensation Plan and will convert into common stock when he leaves service with the company.

How many Quest Resource Holding Corp (QRHC) shares does Stephen Nolan now hold?

Following the reported transactions, Stephen A. Nolan directly holds 92,323 shares of QRHC common stock. Including 20,000 RSUs and other deferred stock units, his total reported beneficial ownership is 112,585 shares and RSUs, with 5,000 shares held jointly with his spouse.

What are deferred stock units (DSUs) reported in the QRHC Form 4?

Deferred stock units, or DSUs, are share-based awards that convert into common stock at a later date. Nolan’s DSUs under QRHC’s 2012 and 2024 incentive plans will be settled in shares of common stock upon his separation from service with the company.

What long-term equity awards does Stephen Nolan hold in QRHC?

Stephen Nolan holds DSUs from both the 2012 and 2024 incentive plans and 20,000 RSUs. The RSUs are scheduled to fully vest on August 13, 2026, while the DSUs will convert into QRHC common shares when he separates from service with the issuer.

Is the QRHC Form 4 transaction an open-market stock purchase or sale?

The reported transaction is a grant of 2,941 deferred stock units, not an open-market trade. It reflects equity compensation under Quest Resource Holding Corp’s 2024 Incentive Compensation Plan rather than Nolan buying or selling QRHC shares on the open market.