Major Quaker Chemical (NYSE: KWR) holder restructures derivative position

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Gulf Hungary Holding Korlatolt Felelossegu Tarsasag, a more than 10% owner of Quaker Chemical Corp, reported nine derivative transactions involving Variable Prepaid Forward Sale Contracts tied to an aggregate of 341,612 shares of common stock. Each transaction is coded “J” as an “other acquisition or disposition” and classified as a restructuring event, with no open-market purchases or sales reported. The interests are held indirectly through QH Hungary Holdings Limited.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Gulf Hungary Holding Korlatolt Felelossegu Tarsasag

Role null

Type	Security	Shares	Price	Value
Other	Variable Prepaid Forward Sale Contract	17,502	$0.00	--
Other	Variable Prepaid Forward Sale Contract	34,000	$0.00	--
Other	Variable Prepaid Forward Sale Contract	60,000	$0.00	--
Other	Variable Prepaid Forward Sale Contract	19,732	$0.00	--
Other	Variable Prepaid Forward Sale Contract	140,000	$0.00	--
Other	Variable Prepaid Forward Sale Contract	10,296	$0.00	--
Other	Variable Prepaid Forward Sale Contract	17,502	$0.00	--
Other	Variable Prepaid Forward Sale Contract	34,000	$0.00	--
Other	Variable Prepaid Forward Sale Contract	8,580	$0.00	--

Holdings After Transaction: Variable Prepaid Forward Sale Contract — 17,502 shares (Indirect, By QH Hungary Holdings Limited)

Footnotes (1)

See Note 1 and 1(a) in Exhibit 99.1. See Note 2 in Exhibit 99.1. See Note 1 and 1(b) in Exhibit 99.1. See Note 1 and 1(c) in Exhibit 99.1. See Note 1 and 1(d) in Exhibit 99.1. See Note 1 and 1(e) in Exhibit 99.1. See Note 1 and 1(f) in Exhibit 99.1. See Note 1 and 1(g) in Exhibit 99.1.

Key Figures

Restructuring shares: 341,612 shares Derivative transactions: 9 contracts Largest single contract size: 140,000 shares +2 more

5 metrics

Restructuring shares 341,612 shares Total shares referenced in restructuring transactions

Derivative transactions 9 contracts Variable Prepaid Forward Sale Contracts reported

Largest single contract size 140,000 shares Underlying Quaker Chemical common stock in one contract

Medium contract size example 60,000 shares Underlying common stock in another contract

Smaller contract size example 19,732 shares Underlying common stock in one restructuring entry

Key Terms

Variable Prepaid Forward Sale Contract, other acquisition or disposition, indirect ownership, restructuringShares, +1 more

5 terms

Variable Prepaid Forward Sale Contract financial

"security_title: "Variable Prepaid Forward Sale Contract""

other acquisition or disposition financial

"transaction_code_description: "Other acquisition or disposition""

indirect ownership financial

"ownership_type: "indirect", nature_of_ownership: "By QH Hungary Holdings Limited""

restructuringShares financial

"transactionSummary: "restructuringShares": 341612"

derivativeTransactionCount financial

"transactionSummary: "derivativeTransactionCount": 9"

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 04:10 PM

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^*

Gulf Hungary Holding Korlatolt Felelossegu Tarsasag

(Last)

(First)

(Middle)

BAH CENTER, 2 FURJ STREET

(Street)

BUDAPEST

1124

(City)

(State)

(Zip)

HUNGARY

(Country)

2. Issuer Name and Ticker or Trading Symbol
QUAKER CHEMICAL CORP [ KWR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Variable Prepaid Forward Sale Contract	⁽¹⁾⁽²⁾	05/26/2026		J/K⁽¹⁾⁽²⁾		17,502		⁽¹⁾⁽²⁾	⁽¹⁾⁽²⁾	Common Stock	17,502	⁽¹⁾⁽²⁾	17,502	I	By QH Hungary Holdings Limited
Variable Prepaid Forward Sale Contract	⁽¹⁾⁽²⁾	05/26/2026		J/K⁽¹⁾⁽²⁾		34,000		⁽¹⁾⁽²⁾	⁽¹⁾⁽²⁾	Common Stock	34,000	⁽¹⁾⁽²⁾	34,000	I	By QH Hungary Holdings Limited
Variable Prepaid Forward Sale Contract	⁽²⁾⁽³⁾	05/26/2026		J/K⁽²⁾⁽³⁾		60,000		⁽²⁾⁽³⁾	⁽²⁾⁽³⁾	Common Stock	60,000	⁽²⁾⁽³⁾	60,000	I	By QH Hungary Holdings Limited
Variable Prepaid Forward Sale Contract	⁽²⁾⁽⁴⁾	05/26/2026		J/K⁽²⁾⁽⁴⁾		19,732		⁽²⁾⁽⁴⁾	⁽²⁾⁽⁴⁾	Common Stock	19,732	⁽²⁾⁽⁴⁾	19,732	I	By QH Hungary Holdings Limited
Variable Prepaid Forward Sale Contract	⁽²⁾⁽⁵⁾	05/26/2026		J/K⁽²⁾⁽⁵⁾		140,000		⁽²⁾⁽⁵⁾	⁽²⁾⁽⁵⁾	Common Stock	140,000	⁽²⁾⁽⁵⁾	140,000	I	By QH Hungary Holdings Limited
Variable Prepaid Forward Sale Contract	⁽²⁾⁽⁶⁾	05/26/2026		J/K⁽²⁾⁽⁶⁾		10,296		⁽²⁾⁽⁶⁾	⁽²⁾⁽⁶⁾	Common Stock	10,296	⁽²⁾⁽⁶⁾	10,296	I	By QH Hungary Holdings Limited
Variable Prepaid Forward Sale Contract	⁽²⁾⁽⁷⁾	05/26/2026		J/K⁽²⁾⁽⁷⁾		17,502		⁽²⁾⁽⁷⁾	⁽²⁾⁽⁷⁾	Common Stock	17,502	⁽²⁾⁽⁷⁾	17,502	I	By QH Hungary Holdings Limited
Variable Prepaid Forward Sale Contract	⁽²⁾⁽⁷⁾	05/26/2026		J/K⁽²⁾⁽⁷⁾		34,000		⁽²⁾⁽⁷⁾	⁽²⁾⁽⁷⁾	Common Stock	34,000	⁽²⁾⁽⁷⁾	34,000	I	By QH Hungary Holdings Limited
Variable Prepaid Forward Sale Contract	⁽²⁾⁽⁸⁾	05/26/2026		J/K⁽²⁾⁽⁸⁾		8,580		⁽²⁾⁽⁸⁾	⁽²⁾⁽⁸⁾	Common Stock	8,580	⁽²⁾⁽⁸⁾	8,580	I	By QH Hungary Holdings Limited

Explanation of Responses:

1. See Note 1 and 1(a) in Exhibit 99.1.

2. See Note 2 in Exhibit 99.1.

3. See Note 1 and 1(b) in Exhibit 99.1.

4. See Note 1 and 1(c) in Exhibit 99.1.

5. See Note 1 and 1(d) in Exhibit 99.1.

6. See Note 1 and 1(e) in Exhibit 99.1.

7. See Note 1 and 1(f) in Exhibit 99.1.

8. See Note 1 and 1(g) in Exhibit 99.1.

Remarks:

Exhibit 99.1 - Explanation of Responses.

	/s/ Michael Kelleher, Managing Director of the Reporting Person	05/28/2026
	/s/ Judit Rozsa, Managing Director of the Reporting Person	05/28/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Quaker Chemical (KWR) report on this Form 4?

The filing shows nine derivative transactions in Variable Prepaid Forward Sale Contracts linked to Quaker Chemical common stock. All are coded “J” as other acquisitions or dispositions and categorized as restructuring events, rather than open-market buying or selling.

Who is the reporting person in Quaker Chemical (KWR)’s latest Form 4?

The reporting person is Gulf Hungary Holding Korlatolt Felelossegu Tarsasag, identified as a more than 10% owner of Quaker Chemical. The interests affected by the derivative contracts are held indirectly through QH Hungary Holdings Limited, as disclosed in the ownership details.

How many Quaker Chemical (KWR) shares are referenced in the reported derivatives?

The transaction summary shows restructuring transactions involving derivative contracts referencing a total of 341,612 shares of Quaker Chemical common stock. These are tied to Variable Prepaid Forward Sale Contracts and are recorded as “other acquisition or disposition” events, not standard market trades.

Were there any open-market buys or sells of Quaker Chemical (KWR) shares?

No open-market purchases or sales are reported. The Form 4 shows only “J” code transactions, classified as other acquisitions or dispositions related to derivative restructuring, with buyCount and sellCount both indicated as zero in the transaction summary.

How many derivative transactions did the Quaker Chemical (KWR) insider report?

The filing lists nine derivative transactions, all involving Variable Prepaid Forward Sale Contracts on Quaker Chemical common stock. The transaction summary labels all nine as restructuring events, reflecting changes in derivative positions rather than straightforward share purchases or sales.