SEC Form 4 · accession 0001515156-26-000108
Arq, Inc. · ARQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shimon Steinmetz
Officer — Chief Financial Officer
Period of report
Jul 31, 2026
Accepted (ET)
Aug 4, 2026 · 8:31 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001515156
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 31, 2026 | A | 250,000 | $0.00 | A | 250,000 | D | |
| Common StockF2 | Aug 1, 2026 | A | 93,023 | $0.00 | A | 343,023 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF3,F4 | — | Jul 31, 2026 | A | 150,000 | A | — | — | Common Stock | 150,000 | 150,000 | D |
| Performance Share UnitsF5,F6,F7 | — | Aug 1, 2026 | A | 93,023 | A | — | Mar 15, 2029 | Common Stock | 186,046 | 93,023 | D |
Explanation of responses
- F1Represents restricted stock awards ("RSAs") granted to Mr. Steinmetz as an employment inducement award. 75,000 RSAs shall vest on the second anniversary of the grant date and the remaining 175,000 RSAs shall vest on the third anniversary of the grant date.
- F2Represents RSAs granted in accordance with the Issuer's long-term incentive plan under the 2026 Omnibus Incentive Plan, approved by stockholders on June 10, 2026. The RSAs shall vest in three equal installments, on each of August 1, 2027, March 23, 2028, and March 23, 2029.
- F3Represents performance share units ("PSUs") granted to Mr. Steinmetz as an employment inducement award. Each PSU represents the right to receive one share of the Issuer's Common Stock upon vesting and settlement.
- F450,000 PSUs vest when the 30-day volume weighted average price of the Issuer's Common Stock (the "30-Day VWAP") equals $8.00 per share, 50,000 PSUs vest when the 30-Day VWAP equals $10.00 per share, and 50,000 PSUs vest when the 30-Day VWAP equals $15.00 per share, in each case, prior to the third anniversary of the date of grant.
- F5Represents PSUs granted in accordance with the Issuer's long-term incentive plan under the 2026 Omnibus Incentive Plan.
- F6Each PSU represents a contingent right to receive one share of the Issuer's common stock upon vesting of the PSU, which will occur, if at all, no later than March 15, 2029 subject to the reporting person's continuous service with the Issuer or its related entities and the achievement of certain pre-established goals to be measured as of December 31, 2028.
- F7Represents the maximum number of PSUs that will vest, if at all, which is 200% of the target award.