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HireQuest (HQI) awards director Jack A. Olmstead 4,811 restricted shares for board service

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

OLMSTEAD JACK A. reported acquisition or exercise transactions in this Form 4 filing.

HireQuest, Inc. granted Director Jack A. Olmstead two restricted stock awards of common stock on August 12, 2026 as compensation for board service. One award covers 811 shares in lieu of a quarterly cash retainer, with 676 shares vesting November 12, 2026 and 135 shares vesting August 12, 2028. A separate Annual Award under the HireQuest, Inc. 2019 Non-Employee Director Compensation Plan covers 4,000 restricted shares, which vest on June 15, 2028. The footnotes state that the closing price of the common stock on Nasdaq on the grant date was $16.64 per share for both awards.

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Negative

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Insider OLMSTEAD JACK A.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock F1, F2 811 -- --
Grant/Award Common Stock F3, F4 4,000 -- --
Holdings After Transaction: Common Stock — 81,770 shares (Direct)
Footnotes (4)
  1. F1. Represents shares of restricted stock awarded to Mr. Olmstead in his capacity as a Director of Issuer for Board of Director services. These shares represent compensation in-lieu of a quarterly cash retainer. 676 of these shares vest on November 12, 2026 and 135 shares vest on August 12, 2028.
  2. F2. Shares awarded for board service. See note 1. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $16.64 per share.
  3. F3. Represents shares of restricted stock awarded to the reporting person in the capacity as a Director of Issuer for Board of Director services. These shares represent an Annual Award pursuant to the HireQuest, Inc. 2019 Non-Employee Director Compensation Plan. These shares will vest on June 15, 2028.
  4. F4. Shares awarded for board service. See note 3. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $16.64 per share.
Retainer replacement restricted shares 811 shares Restricted stock awarded in lieu of a quarterly cash retainer on August 12, 2026
Annual Award restricted shares 4,000 shares Annual Award under HireQuest, Inc. 2019 Non-Employee Director Compensation Plan, granted August 12, 2026
Closing price on grant date $16.64 per share Closing price of HireQuest common stock on Nasdaq on August 12, 2026
Vesting date (retainer award portion) 676 shares vest November 12, 2026 Portion of 811-share retainer replacement award
Vesting date (retainer award balance) 135 shares vest August 12, 2028 Remaining portion of 811-share retainer replacement award
Vesting date (Annual Award) 4,000 shares vest June 15, 2028 Annual Award for non-employee director service
restricted stock financial
"Represents shares of restricted stock awarded to Mr. Olmstead in his capacity"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
compensation in-lieu of a quarterly cash retainer financial
"These shares represent compensation in-lieu of a quarterly cash retainer"
Annual Award financial
"These shares represent an Annual Award pursuant to the HireQuest, Inc."
HireQuest, Inc. 2019 Non-Employee Director Compensation Plan financial
"Annual Award pursuant to the HireQuest, Inc. 2019 Non-Employee Director Compensation Plan"

FAQ

What did HireQuest (HQI) disclose about Jack A. Olmstead’s new equity awards?
HireQuest reported that Director Jack A. Olmstead received two restricted stock grants on August 12, 2026 for board service, totaling 4,811 shares, with vesting schedules extending through 2028.

How many HireQuest (HQI) shares were granted in lieu of Jack A. Olmstead’s cash retainer?
Olmstead received 811 restricted shares as compensation in lieu of a quarterly cash retainer. Of these, 676 shares vest on November 12, 2026 and 135 shares vest on August 12, 2028.

What is the size and vesting date of Jack A. Olmstead’s Annual Award at HireQuest (HQI)?
His Annual Award consists of 4,000 restricted shares granted under the 2019 Non-Employee Director Compensation Plan. These shares are scheduled to vest on June 15, 2028, assuming applicable service-based conditions are met.

At what price were Jack A. Olmstead’s HireQuest (HQI) restricted stock awards valued on the grant date?
The footnotes state that the closing price of HireQuest’s common stock on Nasdaq on the August 12, 2026 grant date was $16.64 per share, which applies to both restricted stock awards reported.

Are Jack A. Olmstead’s new HireQuest (HQI) shares from open-market purchases or compensation grants?
The reported transactions are restricted stock awards granted as board compensation, not open-market purchases. They cover retainer replacement and an Annual Award for non-employee director service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
OLMSTEAD JACK A.
(Last)(First)(Middle)
111 SPRINGHALL DRIVE
(Street)
GOOSE CREEK SOUTH CAROLINA 29445
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
HireQuest, Inc. [ HQI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/12/2026A811(1)A(2)77,770D
Common Stock08/12/2026A4,000(3)A(4)81,770D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of restricted stock awarded to Mr. Olmstead in his capacity as a Director of Issuer for Board of Director services. These shares represent compensation in-lieu of a quarterly cash retainer. 676 of these shares vest on November 12, 2026 and 135 shares vest on August 12, 2028.
2. Shares awarded for board service. See note 1. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $16.64 per share.
3. Represents shares of restricted stock awarded to the reporting person in the capacity as a Director of Issuer for Board of Director services. These shares represent an Annual Award pursuant to the HireQuest, Inc. 2019 Non-Employee Director Compensation Plan. These shares will vest on June 15, 2028.
4. Shares awarded for board service. See note 3. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $16.64 per share.
/s/ Jack Olmstead08/14/2026
** Signature of Reporting PersonDate
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