ARQ Form 4: 30,000 shares disposed; Allard Services now holds 3,191,289
Rhea-AI Filing Summary
Director Julian Alexander McIntyre reported a change in beneficial ownership of Arq, Inc. (ARQ). On 09/25/2025 he reported a disposal of 30,000 shares of common stock (transaction code J) at a recorded price of $0. After the reported transaction the filing shows an indirect beneficial ownership of 3,191,289 shares held through Allard Services Limited, which Mr. McIntyre controls. The filing explains that several blocks of shares were transferred from related entities—MWB Limited, Markham Fuels Management Limited and Stannard Limited—to Allard Services Limited following internal reorganizations, including a transfer of 352,042, 43,034, and 21,908 shares respectively. The report was signed on 10/06/2025.
Positive
- Significant retained stake: Reporting person controls an indirect holding of 3,191,289 shares via Allard Services Limited
- Consolidation to controlled vehicle: Transfers of 352,042, 43,034, and 21,908 shares reduce fragmented ownership across related entities
Negative
- Reported disposal: Director disposed of 30,000 shares on 09/25/2025
- Zero price recorded: The transaction shows a price of $0, which may indicate a non‑cash transfer or gift rather than an open‑market sale
Insights
Insider reported a small sale but retains a large indirect stake via a controlled entity.
The filing discloses a 30,000-share disposal on 09/25/2025 recorded with price $0 and shows continued indirect beneficial ownership of 3,191,289 shares through Allard Services Limited. The sale is documented alongside transfers that moved substantial share blocks from related entities into the majority‑owned holding company.
The primary dependency is the internal reorganization described: MWB Limited, Markham Fuels Management Limited and Stannard Limited transferred specific share amounts into Allard Services Limited. Investors may monitor future Section 16 filings for additional transfers or open‑market transactions within a near‑term horizon of weeks to months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 30,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares of common stock of the Issuer held by MWB Limited which were transferred to a minority owner of MWB Limited on September 25, 2025 in anticipation of the intended dissolution of the MWB Limited entity. Allard Services Limited is the majority owner of MWB Limited. Concurrently, the remaining 352,042 shares of the Issuer's common stock held by MWB Limited were transferred to Allard Services Limited and are included in the total securities beneficially owned by Allard Services Limited reported in this row. The reported amount includes 352,042 shares, 43,034 shares and 21,908 shares of common stock that were transferred to Allard Services Limited from MWB Limited, Markham Fuels Management Limited and Stannard Limited, respectively, since the date of the last report filed by the reporting person. As of the date of this report, MWB Limited, Markham Fuels Management Limited and Stannard Limited no longer hold shares of the Issuer's common stock. The shares reported on this row are held by Allard Services Limited. Julian McIntyre, a Director of the Issuer, controls Allard Services Limited and therefore is an indirect beneficial owner of the securities reported herein.
