Quest Resource (QRHC) Insider Award Boosts Director’s Holdings

Rhea-AI Filing Summary

Quest Resource Holding Corp. (QRHC) – Form 4 insider activity: Director Sarah Tomolonius received 1,741 deferred stock units (DSUs) on 07/31/2025 under the company’s 2024 Incentive Compensation Plan. The filing lists the acquisition code “A,” indicating an award rather than an open-market purchase. The grant is valued at a reference price of $2.01 per share and will convert into common stock only after the director separates from service.

After this award, Tomolonius beneficially owns 29,937 DSUs (18,027 from the 2012 plan and 11,910 from the 2024 plan) plus 13,926 directly-held common shares. The transaction modestly increases her total equity exposure and further aligns her interests with those of shareholders. No derivative security movements or sales were reported, and there is no indication of earnings data or other corporate events within this filing.

Positive

• Director increased equity stake through 1,741 new DSUs, enhancing long-term alignment with shareholders.

Negative

• Transaction is immaterial in size and offers no insight into company fundamentals or near-term performance.

Insights

Equity Analyst

TL;DR: Small DSU grant; neutral impact, signals continued board alignment.

The 1,741-unit DSU award raises the director’s deferred equity stake by roughly 6%. While insider purchases can be viewed positively, this is a routine, plan-based grant without cash outlay. The notional value (~$3.5k) is immaterial relative to QRHC’s market capitalization and provides no incremental information on operating performance. However, cumulative ownership of ~44k shares (direct + DSU) indicates meaningful board skin-in-the-game, a mild governance positive. Overall impact on valuation or liquidity is negligible.

Corporate Governance Specialist

TL;DR: Standard equity compensation, long-term vesting supports shareholder alignment.

DSUs that settle upon separation discourage short-termism and strengthen alignment between directors and investors. The filing shows adherence to Rule 10b5-1 disclosure and maintains transparency. No red flags such as accelerated vesting or derivative hedging appear. Because the amount is small and plan-based, the event is governance-positive but financially non-impactful.

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^*

Tomolonius Sarah

(Last) (First) (Middle)

3481 PLANO PARKWAY

(Street)

THE COLONY TX 75056

(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)
07/31/2025

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	07/31/2025		A		1,741(1)	A	$2.01	29,937(2)	D
Common Stock								13,926(3)	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. These reported securities represent deferred stock units ("DSUs") granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer.

2. The reported securities include (a) 18,027 DSUs granted under the Issuer's 2012 Incentive Compensation Plan and (b) 11,910 DSUs granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer.

3. These shares represent shares of common stock of the Issuer held by the Reporting Person.

	/s/ Brett W. Johnston, as Attorney-in-Fact	08/01/2025
	** 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.
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FAQ

How many Quest Resource (QRHC) shares did Director Sarah Tomolonius acquire?

She received 1,741 deferred stock units on 07/31/2025.

What is the total QRHC equity owned by the director after the transaction?

Tomolonius now holds 29,937 DSUs and 13,926 common shares outright.

Was this an open-market purchase?

No. The Form 4 code "A" indicates a plan-based award under the 2024 Incentive Compensation Plan.

When will the DSUs convert into QRHC common stock?

The shares will be issued only upon the director’s separation from service with the company.

Does the filing include any derivative security activity?

No derivative transactions were reported; only the DSU award is disclosed.