HireQuest (HQI) CEO receives 25,000-share equity grant with vesting terms

Rhea-AI Filing Summary

Hermanns Richard reported acquisition or exercise transactions in this Form 4 filing.

HireQuest, Inc. reported that President and CEO Richard Hermanns received a stock award of 25,000 shares of common stock on March 2, 2026, as part of his executive employment agreement. The award was granted at no cost to him, with the stock closing at $11.91 on the grant date.

Following this grant, Hermanns directly owned 2,976,283 shares of HireQuest common stock. Of the 25,000 awarded shares, 12,500 vest on March 2, 2028, and 1,250 shares vest each fiscal quarter for eight quarters immediately after, tying the compensation to continued service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hermanns Richard

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	25,000	$0.00	--

Holdings After Transaction: Common Stock — 2,976,283 shares (Direct)

Footnotes (1)

1. Awarded for executive services pursuant to employment agreement. 12,500 of these shares vest on March 2, 2028, and 1,250 vest per fiscal quarter for each of 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.

Form 4 Insider Transactions: What Each Field Means →

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

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		25,000(1)	A	(2)	2,976,283	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 executive services pursuant to employment agreement. 12,500 of these shares vest on March 2, 2028, and 1,250 vest per fiscal quarter for each of 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/ Richard Hermanns	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) report for Richard Hermanns?

HireQuest reported that President and CEO Richard Hermanns received a grant of 25,000 shares of common stock on March 2, 2026. The stock award was provided under his executive employment agreement as compensation for executive services, not as an open-market purchase or sale.

How many HireQuest (HQI) shares were granted to the CEO and at what price?

Richard Hermanns was granted 25,000 shares of HireQuest common stock with a transaction price of $0.00 per share. The filing notes the stock’s closing price on the grant date was $11.91, highlighting the potential value of this equity-based executive compensation award.

What is the vesting schedule for Richard Hermanns’ 25,000-share HireQuest (HQI) award?

Of the 25,000 awarded shares, 12,500 vest on March 2, 2028. The remaining 12,500 vest in 1,250-share installments per fiscal quarter for eight consecutive quarters immediately following, linking most of the grant to Hermanns’ continued executive service over time.

How many HireQuest (HQI) shares does Richard Hermanns own after this award?

After the stock award, Richard Hermanns directly owned 2,976,283 shares of HireQuest common stock. This total includes the newly granted 25,000 shares, which vest over time according to the employment agreement’s schedule described in the insider transaction disclosure.

Is Richard Hermanns’ HireQuest (HQI) stock grant an open-market purchase?

No. The 25,000-share transaction is classified as a grant, award, or other acquisition, not an open-market buy. It was awarded for executive services under his employment agreement, with vesting conditions and no cash price paid per share in the transaction.