Quest Resource (QRHC) Form 4: Director purchases 5,000 shares

Rhea-AI Filing Summary

Glenn Culpepper, a director of Quest Resource Holding Corp (QRHC), reported an open-market purchase of 5,000 shares of the issuer's common stock on 08/14/2025 at a weighted average price of $1.679 per share. Following the reported transaction, the filing lists 51,585 shares of common stock beneficially owned and 21,629 common shares reported separately, comprised of restricted stock units and deferred stock units that are subject to vesting or issuance on separation from service. The Form 4 was signed by an attorney-in-fact on 08/18/2025. The filing identifies the reporting person as a director of QRHC.

Positive

• Director purchased shares (5,000) at a weighted average price of $1.679, indicating insider buying
• Disclosure includes vesting schedule for 20,000 RSUs (scheduled to fully vest on August 13, 2026), providing transparency on equity compensation

Negative

• Significant portion of holdings are unvested or deferred (20,000 RSUs and 21,629 DSUs), limiting immediate liquidity and voting power
• Filing does not state percentage ownership or company capitalization context, making materiality of the purchase unclear

Insights

Financial Analyst

TL;DR: Small insider purchase by a director; incremental ownership increase with most holdings tied to restricted or deferred units.

The director purchased 5,000 common shares at a weighted average of $1.679, a modest open-market buy that increases direct reported holdings to 51,585 shares. Materiality to overall capitalization is not stated in the filing, and the majority of additional reported holdings are RSUs and DSUs that vest or convert later, limiting immediate voting or saleability. This disclosure is routine insider activity rather than a material corporate event.

Corporate Governance Expert

TL;DR: Routine Section 16 disclosure showing a director purchase and continued reliance on equity compensation instruments.

The Form 4 correctly reports the director relationship and the 5,000-share purchase, plus separate schedules for 20,000 RSUs (vesting August 13, 2026) and 21,629 DSUs to be issued upon separation. From a governance perspective, the mix of immediate shares and delayed units is typical for director compensation. The filing contains required explanatory footnotes and an attorney-in-fact signature, indicating procedural completeness.

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

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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^*

Culpepper Glenn

(Last) (First) (Middle)

7777 WESTSIDE DRIVE, APT. 526

(Street)

SAN DIEGO CA 92108

(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		5,000	A	$1.679(1)	51,585(2)	D
Common Stock								21,629(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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.67 to $1.68, inclusive. The Reporting Person undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, further information regarding the number of shares purchased at each separate price such shares were purchased.

2. Includes (a) 20,000 RSUs that are scheduled to fully vest on August 13, 2026 and (b) 31,585 shares of common stock beneficially owned by the Reporting Person.

3. The reported securities include (a) 15,000 deferred stock units ("DSUs") granted under the Issuer's 2012 Incentive Compensation Plan and (b) 6,629 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.

	/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).
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FAQ

What transaction did QRHC director Glenn Culpepper report on Form 4?

The Form 4 reports an open-market purchase of 5,000 shares of Quest Resource Holding Corp common stock on 08/14/2025 at a weighted average price of $1.679 per share.

How many shares does Glenn Culpepper beneficially own after the reported transaction?

The filing lists 51,585 shares of common stock beneficially owned following the transaction and an additional 21,629 common shares reported as deferred stock units.

Are any of Glenn Culpepper's holdings restricted or subject to vesting?

Yes. The filing discloses 20,000 RSUs scheduled to fully vest on August 13, 2026 and 21,629 DSUs that will be issued upon separation from service.

When was the Form 4 signed and by whom?

The Form 4 is signed by Brett W. Johnston, as Attorney-in-Fact on 08/18/2025.

What is the reporting person’s relationship to QRHC?

The filing identifies Glenn Culpepper as a director of Quest Resource Holding Corp.