SEC Form 4 · accession 0001654954-18-006790
HireQuest, Inc. · HQI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Rimmy Malhotra
Director
Period of report
Jun 18, 2018
Accepted (ET)
Jun 20, 2018 · 4:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001140102
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 4,166 | D | ||
| Common StockF1 | holding | — | — | — | 115,744 | I | By: Nicoya Fund LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F2 | $5.50 | Jun 18, 2018 | A | 8,750 | A | — | Jun 18, 2028 | Common Stock | 8,750 | 8,750 | D |
Explanation of responses
- F1Represents shares directly owned by Nicoya Fund LLC, a Delaware limited liability company. Mr. Malhotra is the managing member of Nicoya Capital LLC, which is the managing member of Nicoya Fund LLC. Mr. Malhotra disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F2These are options awarded for this reporting person's service on the Issuer's board of directors. The stock options vest in four equal installments, with 25% vesting on the grant date and 25% vesting on each anniversary of the grant date until fully vested on June 18, 2021.