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HireQuest (HQI) CFO receives 10,000-share equity grant with long-term vesting

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

Rhea-AI Filing Summary

Hartley Charles David Ryan reported acquisition or exercise transactions in this Form 4 filing.

HireQuest, Inc. reported that CFO Charles David Ryan Hartley received a grant of 10,000 shares of common stock as part of his executive employment agreement. The award was made at no cash cost and brings his directly owned shares to 52,500. According to the terms, 5,000 shares vest on March 2, 2028, and 625 shares vest each fiscal quarter for eight quarters after that date.

Positive

  • None.

Negative

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Insider Hartley Charles David Ryan
Role CFO
Type Security Shares Price Value
Grant/Award Common Stock 10,000 $0.00 --
Holdings After Transaction: Common Stock — 52,500 shares (Direct)
Footnotes (1)
  1. Awarded for service as executive pursuant to employment agreement. 5,000 shares vest on March 2, 2028, and 625 vest each fiscal quarter for the eight fiscal quarters immediately following. Awarded as part of executive employment agreement. See note 1. The closing price on the grant date was $11.91.
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*
Hartley Charles David Ryan

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO
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 10,000(1) A (2) 52,500 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. Awarded for service as executive pursuant to employment agreement. 5,000 shares vest on March 2, 2028, and 625 vest each fiscal quarter for the eight fiscal quarters immediately following.
2. Awarded as part of executive employment agreement. See note 1. The closing price on the grant date was $11.91.
/s/ Charles David Ryan Hartley 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 its CFO?

HireQuest disclosed that CFO Charles David Ryan Hartley received a grant of 10,000 shares of common stock. The award was made under his executive employment agreement as compensation for service, rather than an open-market stock purchase.

At what price was the HireQuest (HQI) stock grant to the CFO valued?

The closing price of HireQuest common stock on the grant date was reported as $11.91 per share. This price provides a reference value for the 10,000-share award granted to the CFO under his executive employment agreement.

How do the 10,000 granted shares to the HireQuest (HQI) CFO vest over time?

Of the 10,000 granted shares, 5,000 vest on March 2, 2028. The remaining 5,000 vest in installments of 625 shares each fiscal quarter for eight consecutive fiscal quarters following that date, creating a long-term vesting schedule.

How many HireQuest (HQI) shares does the CFO own after this Form 4 transaction?

After the reported grant transaction, CFO Charles David Ryan Hartley holds 52,500 shares of HireQuest common stock directly. This total reflects his ownership following the 10,000-share award reported in the Form 4 filing.

Was the HireQuest (HQI) CFO stock award a market purchase or a compensation grant?

The transaction was a compensation grant, not a market purchase. The filing describes the shares as awarded for service as an executive pursuant to an employment agreement, with a $0.00 transaction price per share reported.

What is the purpose of the HireQuest (HQI) CFO equity award mentioned in the Form 4?

The equity award was granted for service as an executive under an employment agreement. Such stock awards are typically designed to align executive incentives with shareholder interests through long-term vesting and stock-based compensation, according to the reported vesting schedule.