HireQuest (NASDAQ: HQI) CEO Hermanns gifts 400,000 shares to foundation and trust

Rhea-AI Filing Summary

HireQuest, Inc. President and CEO Richard Hermanns reported two insider transactions involving gifts of common stock. On April 20, 2026, he transferred a total of 400,000 shares as bona fide gifts, with no payment or consideration received.

According to the disclosures, 100,000 shares were gifted to a charitable foundation and 300,000 shares were gifted to a trust. These are non-cash, non-market transactions, meaning they do not represent open-market sales and do not generate proceeds for the insider.

Insider Trade Summary

400,000 shares gifted

Mixed 2 txns

Insider Hermanns Richard

Role President and CEO

Type	Security	Shares	Price	Value
Gift	Common Stock	300,000	$0.00	--
Gift	Common Stock	100,000	$0.00	--

Holdings After Transaction: Common Stock — 2,677,411 shares (Direct, null)

Footnotes (1)

1. This transaction represents a transfer of securities by bona fide gift to a charitable foundation for which no payment or consideration was received by the reporting person. This transaction represents a transfer of securities by bona fide gift to a trust for which no payment or consideration was received by the reporting person.

Key Figures

Total shares gifted: 400,000 shares Gift to charitable foundation: 100,000 shares Gift to trust: 300,000 shares +1 more

4 metrics

Total shares gifted 400,000 shares Bona fide gifts of common stock on April 20, 2026

Gift to charitable foundation 100,000 shares Common stock transferred as bona fide gift

Gift to trust 300,000 shares Common stock transferred as bona fide gift

Gift count 2 transactions Both coded as G – bona fide gift

Key Terms

bona fide gift, charitable foundation, trust

3 terms

bona fide gift financial

"This transaction represents a transfer of securities by bona fide gift to a charitable foundation"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

charitable foundation financial

"transfer of securities by bona fide gift to a charitable foundation for which no payment or consideration was received"

A charitable foundation is a non-profit organization established to collect and manage funds to support charitable activities, such as education, health, or community projects. It acts like a financial reservoir dedicated to giving back to society, often funded by individuals, families, or corporations. For investors, supporting or donating to such foundations can enhance social impact and may offer tax benefits.

trust financial

"transfer of securities by bona fide gift to a trust for which no payment or consideration was received"

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 09:46 AM Accepted by SEC EDGAR 06/29/2026 - 09:46 AM Learn about SEC filing dates

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^*

Hermanns Richard

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/20/2026		G		300,000	D	(1)	2,677,411	D
Common Stock	04/20/2026		G		100,000	D	(2)	2,577,411	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. This transaction represents a transfer of securities by bona fide gift to a charitable foundation for which no payment or consideration was received by the reporting person.

2. This transaction represents a transfer of securities by bona fide gift to a trust for which no payment or consideration was received by the reporting person.

	/s/ Richard Hermanns	04/22/2026
	** 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)

FAQ

What insider transaction did HireQuest (HQI) report for Richard Hermanns?

HireQuest reported that President and CEO Richard Hermanns transferred common stock by bona fide gift. The Form 4 shows two non-cash dispositions on April 20, 2026, where he gifted shares rather than selling them in the open market.

How many HireQuest (HQI) shares did Richard Hermanns gift in this Form 4?

Richard Hermanns gifted a total of 400,000 shares of HireQuest common stock. The filing details a 100,000-share gift and a separate 300,000-share gift, both reported as bona fide gifts with a stated price of zero per share.

Were the HireQuest (HQI) insider transactions open-market sales?

No, the reported HireQuest insider transactions were not open-market sales. Both entries use transaction code G, classified as bona fide gifts, with a transaction price of $0.00 per share and footnotes confirming no payment or consideration was received.

Who received the HireQuest (HQI) shares gifted by Richard Hermanns?

The Form 4 states that 100,000 shares were gifted to a charitable foundation and 300,000 shares were gifted to a trust. Footnotes clarify these were bona fide gifts, and the reporting person received no payment or consideration from either recipient.

What does transaction code G mean in the HireQuest (HQI) Form 4?

Transaction code G in the HireQuest Form 4 indicates a bona fide gift. In this case, it shows that Richard Hermanns disposed of shares by gifting them, rather than selling them, so the transactions do not reflect a market sale decision or trading price.