Quest Resource Holding Corporation filings document 8-K disclosures for a Nasdaq-listed Nevada corporation in environmental waste and recycling services. The records include results-of-operations releases, Regulation FD investor presentations, and exhibits describing revenue, gross profit, adjusted EBITDA, cash generation, debt reduction and customer-related operating trends.
Other filings describe material credit agreements and amendments, including asset-based lending and term-debt covenant matters, as well as registered common stock, executive officer changes, governance matters and other corporate events reported under the Exchange Act.
Johnston Brett Wade reported acquisition or exercise transactions in this Form 4 filing.
Quest Resource Holding Corp reported that Sr. VP of Finance and CFO Brett Wade Johnston received a grant of 5,767 deferred stock units on common stock valued at $1.18 per unit under the 2024 Incentive Compensation Plan.
The common shares underlying these DSUs will be issued when he separates from the company. After this grant, he beneficially owns 93,350 share equivalents, including restricted stock units scheduled to vest between June 2026 and August 2028 and 34,250 shares of common stock.
Quest Resource Holding Corp director Stephen A. Nolan received an equity award of 2,941 deferred stock units at $1.19 per unit. These DSUs were granted under the company’s 2024 Incentive Compensation Plan and will convert into common shares when he separates from service with the company.
After this grant, he directly holds 92,323 shares of common stock. His position also includes 63,059 DSUs from the 2012 plan, 29,264 DSUs from the 2024 plan, and 20,000 RSUs scheduled to fully vest on August 13, 2026, for a total of 112,585 shares and RSUs reported as beneficially owned.
FRIEDBERG DANIEL M. reported acquisition or exercise transactions in this Form 4 filing.
Quest Resource Holding Corp director and 10% owner Daniel M. Friedberg received 12,619 deferred stock units (DSUs) of common stock at $1.19 per share under the company’s 2024 Incentive Compensation Plan. The shares underlying these DSUs will be issued when he separates from service with the company.
After this grant, Friedberg holds 83,779 DSUs in total, including 18,153 DSUs from the 2012 plan and 65,626 DSUs from the 2024 plan. He also has 49,085 direct common share interests, made up of 20,000 restricted stock units scheduled to fully vest on August 13, 2026 and 29,085 shares of common stock, plus 2,842,353 shares held indirectly through Hampstead Park Environmental Services Investment Fund LLC.
Quest Resource Holding Corp director and 10% owner Daniel M. Friedberg bought 8,500 shares of common stock in an open-market purchase at $0.87 per share. After this transaction, he directly holds 49,085 common shares, which include restricted stock units scheduled to vest on August 13, 2026.
Separate entries show 71,160 deferred stock units that will convert into common shares upon his separation from service, and 2,842,353 shares held indirectly through Hampstead Park Environmental Services Investment Fund LLC, which is controlled by Hampstead Park Capital Management, LLC with Mr. Friedberg as CEO.
Quest Resource Holding Corporation furnished an investor presentation outlining its 2025 performance and strategy. For 2025, revenue was $250,217,000 with a net loss of $15,382,000. Adjusted EBITDA was $9,297,000, down from $14,469,000 in 2024, and the Adjusted EBITDA margin declined from 5.0% to 3.7%. In 4Q25, Adjusted EBITDA improved to $2,120,000 versus $1,676,000 in 4Q24. The presentation highlights an asset-light, data-driven waste management model, a large addressable market, debt reduction of $12,300,000 in 2025 to total debt of $64,000,000, and a focus on operating efficiencies and organic growth with Fortune 1000 clients.
Quest Resource Holding Corp director Robert J. Lipstein reported an open-market purchase of 11,000 shares of common stock on March 18, 2026 at an average price of 0.8961 per share. Following this trade, he directly holds 48,500 common shares, including 20,000 restricted stock units scheduled to fully vest on August 13, 2026 and 28,500 shares of common stock beneficially owned.
Quest Resource Holding Corp director Glenn Culpepper bought additional shares of the company’s stock. On March 16, 2026, he made an open-market purchase of 5,000 shares of common stock at a price of $1.16 per share.
Following this transaction, Culpepper directly owns 61,585 shares of common stock. His holdings also include 20,000 restricted stock units scheduled to fully vest on August 13, 2026, plus 15,000 deferred stock units and 6,629 additional deferred stock units that will convert into common shares upon his separation from service.
Quest Resource Holding Corp President and CEO Perry W. Moss reported a tax-related share disposition. On March 12, he had 24,571 shares of common stock withheld at $1.45 per share to cover tax obligations by delivering securities.
After this transaction, he directly holds 331,304 shares of common stock. This includes 13,333 restricted stock units scheduled to vest in two equal installments on June 26, 2026 and June 26, 2027, 143,067 RSUs vesting in two equal installments on March 12, 2027 and March 12, 2028, 5,537 deferred stock units issuable upon separation from service, 100,000 RSUs vesting in three equal installments on August 13, 2026, August 13, 2027 and August 13, 2028, and 69,367 shares of common stock beneficially owned.
Quest Resource Holding Corporation describes itself as a national, asset-light provider of waste and recycling managed services for large, multi-location businesses across sectors such as retail, logistics, manufacturing, automotive, multifamily, restaurants, and construction.
The company designs customer-specific programs using a broad subcontractor network to handle over 150 waste and recyclable streams, focusing on cost control, regulatory compliance, and detailed ESG data reporting. Strategy centers on expanding customer verticals and materials covered, leveraging technology and AI, and pursuing selective acquisitions. Quest highlights risks from customer concentration, ongoing net losses, variable commodity prices, environmental regulation, cybersecurity, AI use, and compliance with financial covenants under its credit facilities.
Quest Resource Holding Corporation reworked its financing arrangements on March 12, 2026. The company entered into an Eighth Amendment to its Monroe Credit Agreement to modify financial covenants, and separately extended the expiration of Monroe-related warrants for 500,000 and 350,000 shares from March 19, 2028 to June 28, 2030.
The company and certain domestic subsidiaries also signed a new Loan and Security Agreement with Texas Capital Bank, providing an asset-based revolving credit facility with a maximum principal amount of $40.0 million, including a letters-of-credit sublimit of up to $3.5 million and an accordion feature of up to $10 million, maturing on December 30, 2029. This facility is secured by first-priority liens on substantially all tangible and intangible personal property and equity interests of specified subsidiaries and includes a minimum fixed charge coverage ratio plus customary negative covenants and events of default.
Contemporaneously with the new Texas Capital Bank facility, Quest terminated its prior Loan, Security and Guaranty Agreement with PNC Bank and repaid all outstanding amounts under that agreement.