HireQuest, Inc. — Director's Dealing 2020

Jan 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HireQuest, Inc. (HQI)
CIK: 0001140102
Period of Report: 2020-01-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-17	Common Stock	A	5173	—	Acquired	48185	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	112235	Indirect

Footnotes

F1: Represents shares of restricted stock awarded to Mr. Malhotra in his capacity as a Director of Issuer for Board of Director services. 2,493 shares represent compensation in-lieu of a quarterly cash retainer. 2,680 shares represent a match of 20% of open market purchases made by Mr. Malhotra as set forth in the 2019 HireQuest, Inc. Non-Employee Director Compensation Plan. 2,077 of these shares will vest on April 17, 2020, 1,000 of these shares will vest on November 18, 2021, 680 of these shares will vest on November 19, 2021, 1,000 of these shares will vest on November 20, 2021, and 416 of these shares will vest on January 17, 2022.

F2: Shares awarded for board service and pursuant to share match program. See note 1. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $6.92 per share.

F3: 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.