Large KWR holder QH Hungary restructures 341,612-share derivatives in Form 4

Q: What type of security is involved in QH Hungary Holdings’ KWR Form 4?

The filing involves a derivative security described as a Variable Prepaid Forward Sale Contract . Each contract is linked to an equivalent number of underlying Quaker Chemical common shares, with separate entries showing different underlying share amounts for each contract.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

QH Hungary Holdings Ltd, a 10% owner of Quaker Chemical Corp, reported a series of derivative transactions involving Variable Prepaid Forward Sale Contracts on May 26, 2026. These contracts reference an aggregate of 341,612 shares of Quaker Chemical common stock.

All nine entries are coded as "J" transactions, described as "other acquisition or disposition" of derivative securities and classified as restructuring events, with no open‑market buys or sells reported. The filing shows no net share purchases or sales, only structural changes in derivative positions linked to the common stock.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider QH Hungary Holdings Ltd

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 (Direct, null)

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 Contract underlying shares: 140,000 shares Contract underlying shares: 60,000 shares +5 more

8 metrics

Restructuring shares 341,612 shares Total shares in restructuring transactions coded J

Contract underlying shares 140,000 shares Underlying common stock for one Variable Prepaid Forward Sale Contract

Contract underlying shares 60,000 shares Underlying common stock for one Variable Prepaid Forward Sale Contract

Contract underlying shares 34,000 shares Underlying common stock for multiple Variable Prepaid Forward Sale Contracts

Contract underlying shares 19,732 shares Underlying common stock for one Variable Prepaid Forward Sale Contract

Contract underlying shares 17,502 shares Underlying common stock for multiple Variable Prepaid Forward Sale Contracts

Contract underlying shares 10,296 shares Underlying common stock for one Variable Prepaid Forward Sale Contract

Contract underlying shares 8,580 shares Underlying common stock for one Variable Prepaid Forward Sale Contract

Key Terms

Variable Prepaid Forward Sale Contract, Common Stock, Form 4, other acquisition or disposition, +1 more

5 terms

Variable Prepaid Forward Sale Contract financial

"security_title: "Variable Prepaid Forward Sale Contract""

Common Stock financial

"underlying_security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

other acquisition or disposition financial

"transaction_code_description: "Other acquisition or disposition""

restructuringShares financial

""restructuringShares": 341612"

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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^*

QH Hungary Holdings Ltd

(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	D
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	D
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	D
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	D
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	D
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	D
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	D
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	D
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	D

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 did QH Hungary Holdings Ltd report in its Form 4 for KWR?

QH Hungary Holdings Ltd reported nine derivative transactions involving Variable Prepaid Forward Sale Contracts tied to Quaker Chemical common stock. All are coded as “J” (other acquisition or disposition) and treated as restructuring events rather than open‑market share purchases or sales.

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

The Form 4 shows Variable Prepaid Forward Sale Contracts referencing a total of 341,612 shares of Quaker Chemical common stock. Each contract entry lists underlying shares, and the transaction summary classifies all as restructuring transactions for this aggregate share amount.

Were there any open-market buys or sells in this KWR Form 4 filing?

No, the transaction summary shows zero buy and sell transactions. All nine reported entries are coded as “J” for other acquisition or disposition, with a net buy/sell share count of zero and a net buy/sell direction marked neutral for Quaker Chemical stock.

What type of security is involved in QH Hungary Holdings’ KWR Form 4?

The filing involves a derivative security described as a Variable Prepaid Forward Sale Contract. Each contract is linked to an equivalent number of underlying Quaker Chemical common shares, with separate entries showing different underlying share amounts for each contract.

How are the KWR derivative transactions by QH Hungary Holdings classified?

They are all coded “J” with the description “other acquisition or disposition.” In the transaction summary, these are grouped as restructuring transactions, with nine derivative transactions totaling 341,612 shares and no recorded exercises, gifts, or tax‑withholding events.

Does QH Hungary Holdings retain derivative positions after these KWR transactions?

Each entry lists a “total shares following transaction” figure matching the underlying shares for that contract, such as 140,000 and 60,000 shares. This indicates derivative positions remain outstanding for those contracts after the reported restructuring transactions.