Insider Purchase: QRHC Director Adds 15,000 Shares; 20,000 RSUs Vest 2026

Rhea-AI Filing Summary

Director Robert J. Lipstein purchased 15,000 shares of Quest Resource Holding Corp (QRHC) common stock on 08/14/2025 at a price of $1.6958 per share. After the purchase, he beneficially owned 37,500 shares, which the filing explains include 20,000 restricted stock units that vest on August 13, 2026 and 17,500 shares he already beneficially owned. The filing was submitted on 08/18/2025 by an attorney-in-fact and is a Form 4 disclosure of changes in beneficial ownership under Section 16.

Positive

• Director executed an open-market purchase of 15,000 shares at $1.6958
• Filing discloses vesting schedule for 20,000 RSUs (vests August 13, 2026), improving transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: A director purchased 15,000 shares at $1.6958, modestly increasing reported beneficial ownership to 37,500 shares.

The transaction is a straightforward open-market purchase by a director reported on Form 4. The filing discloses both current stock holdings and unvested RSUs (20,000) that vest next year, clarifying the composition of ownership. The size of the purchase is limited relative to most corporate capitalizations, so while it signals an insider buy, it appears immaterial on its face without additional context on total outstanding shares or director holdings.

Corporate Governance Expert

TL;DR: Proper Section 16 disclosure: director reported a purchase and clarified vesting schedule for RSUs.

The Form 4 adheres to reporting requirements by identifying the reporting person as a director and specifying acquisition details, price, and the nature of indirect ownership. It also provides traceable information about forthcoming vesting (August 13, 2026) for 20,000 RSUs. The filing appears procedural and compliant; it does not report any sales, option exercises, or pledges that would raise governance concerns.

Insider Trade Summary

Net Buyer: 15,000 shares ($25,437)

Net Buy 1 txn

Insider Lipstein Robert J

Role Director

Bought 15,000 shs ($25K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	15,000	$1.6958	$25K

Holdings After Transaction: Common Stock — 37,500 shares (Direct)

Footnotes (1)

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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
Estimated average burden
hours per response:			0.5

X

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^*

Lipstein Robert J

(Last) (First) (Middle)

1661 WORTHINGTON ROAD

SUITE 100

(Street)

WEST PALM BEACH FL 33409

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Quest Resource Holding Corp [ QRHC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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	08/14/2025		P		15,000	A	$1.6958	37,500(1)	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. Includes (a) 20,000 RSUs that are scheduled to fully vest on August 13, 2026 and (b) 17,500 shares of common stock beneficially owned by the Reporting Person.

	/s/ Brett W. Johnston, as Attorney-in-Fact	08/18/2025
	** 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 transaction did Robert J. Lipstein report on Form 4 for QRHC?

The Form 4 reports a purchase of 15,000 shares of Quest Resource Holding Corp on 08/14/2025 at a price of $1.6958 per share.

How many QRHC shares does the reporting person beneficially own after the transaction?

After the reported transaction the reporting person beneficially owned 37,500 shares in total.

Does the Form 4 disclose any unvested equity for the reporting person?

Yes. The filing states it includes 20,000 RSUs that are scheduled to fully vest on August 13, 2026.

What is the reporting person’s relationship to Quest Resource Holding Corp (QRHC)?

The Form 4 identifies Robert J. Lipstein as a Director of Quest Resource Holding Corp.

When was the Form 4 filed and who signed it?

The filing shows a signature by Brett W. Johnston, as Attorney-in-Fact with a signature date of 08/18/2025.