HireQuest (HQI) director granted 1,134 restricted shares as board compensation

Rhea-AI Filing Summary

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

HireQuest, Inc. director Jack A. Olmstead reported receiving a grant of 1,134 shares of common stock as compensation for his Board of Director services. This award is structured as restricted stock in lieu of a quarterly cash retainer, so no cash changed hands in the transaction.

According to the terms, 945 of these shares vest on June 2, 2026 and 189 shares vest on March 2, 2028, meaning Mr. Olmstead earns full ownership over time. The filing notes that HireQuest’s common stock closed at $11.91 per share on Nasdaq on the grant date, giving a reference market value for this equity compensation.

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

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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 SC 29445

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HireQuest, Inc. [ HQI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		A		1,134(1)	A	(2)	76,959	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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. 945 of these shares vest on June 2, 2026 and 189 shares vest on March 2, 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 $11.91 per share.

	/s/ Jack Olmstead	03/04/2026
	** 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.

FAQ

What insider transaction did HireQuest (HQI) disclose for Jack A. Olmstead?

HireQuest disclosed that director Jack A. Olmstead received 1,134 restricted shares of common stock as compensation for Board of Director services, granted in lieu of a quarterly cash retainer. The award is reported as a non-cash acquisition under a Form 4 filing.

How many HireQuest (HQI) shares did Jack A. Olmstead receive and at what reference price?

Jack A. Olmstead received 1,134 restricted shares of HireQuest common stock. The closing market price on Nasdaq on the grant date was $11.91 per share, providing a reference value for this equity-based compensation grant to the director.

What is the vesting schedule for Jack A. Olmstead’s restricted HireQuest (HQI) shares?

The restricted stock grant to Jack A. Olmstead vests in two tranches: 945 shares vest on June 2, 2026, and the remaining 189 shares vest on March 2, 2028. Vesting means he gains full ownership rights to the shares over time.

Was Jack A. Olmstead’s HireQuest (HQI) stock grant a cash purchase or compensation award?

The 1,134-share grant to Jack A. Olmstead was a compensation award, not a cash purchase. It represents restricted stock issued in lieu of a quarterly cash retainer for his Board of Director services, with no cash paid per share in the transaction.

How many HireQuest (HQI) shares does Jack A. Olmstead own after this restricted stock grant?

After the reported restricted stock award, Jack A. Olmstead holds a total of 76,959 shares of HireQuest common stock. This figure reflects his beneficial ownership following the grant as reported in the Form 4 insider transaction filing.