HireQuest, Inc. — Director's Dealing 2019

Nov 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HireQuest, Inc. (HQI)
CIK: 0001140102
Period of Report: 2019-11-18

Reporting Person: Malhotra R. Rimmy (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-18	Common Stock	A	2421	—	Acquired	29612	Direct
2019-11-18	Common Stock	P	5000	$6.00	Acquired	34612	Direct
2019-11-19	Common Stock	P	3400	$6.04	Acquired	38012	Direct
2019-11-20	Common Stock	P	5000	$6.15	Acquired	43012	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	73944	Indirect

Footnotes

F1: Represents shares of restricted stock awarded to Mr. Malhotra in his capacity as a Director of the Issuer for Board of Directors services. 2,018 of these shares will vest on February 19, 2020, and 403 of these shares will vest on November 18, 2021. This share award represents compensation in-lieu of a quarterly cash retainer.

F2: Shares awarded for board service. See note 1. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $5.95 per share.

F3: The price reported is a weighted average price. The shares reported herein were purchased in multiple transactions. The range of prices for the transactions reported in this line was $5.98 - $6.01 per share. Mr. Malhotra undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares purchased at each separate price.

F4: The price reported is a weighted average price. The shares reported herein were purchased in multiple transactions. The range of prices for the transactions reported in this line was $6.04 - $6.05 per share. Mr. Malhotra undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares purchased at each separate price.

F5: Represents shares directly owned by Nicoya Fund, LLC, a Delaware limited liability company. Mr. Malhotra is 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.