Arq Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGM:ARQ Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Nov 25	BuyUS$54,970	Jay Voncannon	Individual	15,000	US$3.74
11 Nov 25	BuyUS$101,487	Richard Campbell-Breeden	Individual	28,638	US$3.54
10 Nov 25	BuyUS$189,590	Robert Rasmus	Individual	50,000	US$3.79
04 Aug 25	SellUS$14,258	Stacia Hansen	Individual	2,742	US$5.20
04 Aug 25	SellUS$9,266	Jeremy Williamson	Individual	1,782	US$5.20
04 Aug 25	SellUS$13,473	Clay Smith	Individual	2,591	US$5.20
04 Aug 25	SellUS$15,870	Joseph Wong	Individual	3,052	US$5.20
23 May 25	BuyUS$307,500	Richard Campbell-Breeden	Individual	75,000	US$4.10
23 May 25	BuyUS$102,500	Robert Rasmus	Individual	25,000	US$4.10
23 May 25	BuyUS$205,000	Community US Fund Management, Inc.	Company	50,000	US$4.10
16 May 25	BuyUS$73,760	Joseph Wong	Individual	16,000	US$4.61
14 May 25	BuyUS$60,947	Robert Rasmus	Individual	15,456	US$4.00
12 May 25	BuyUS$20,815	Robert Rasmus	Individual	5,262	US$4.00
12 May 25	BuyUS$1,608	Jeremy Williamson	Individual	400	US$4.02
24 Mar 25	SellUS$30,869	Joseph Wong	Individual	6,596	US$4.68
24 Mar 25	SellUS$24,490	Jeremy Williamson	Individual	5,233	US$4.68
24 Mar 25	SellUS$16,647	Stacia Hansen	Individual	3,557	US$4.68
24 Mar 25	SellUS$24,345	Clay Smith	Individual	5,202	US$4.68

Insider Trading Volume

Insider Buying: ARQ insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ARQ?
Owner Type	Number of Shares	Ownership Percentage
Hedge Funds	2,579,486	6.04%
Individual Insiders	7,852,470	18.4%
General Public	16,106,785	37.7%
Institutions	16,155,143	37.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 53.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.61%	Julian McIntyre	3,250,267	US$10.7m	-0.25%	no data
6.04%	Aigh Capital Management, LLC	2,579,486	US$8.5m	-2.83%	2.6%
4.84%	Jeremy Blank	2,066,196	US$6.8m	1.43%	no data
4.7%	BlackRock, Inc.	2,007,432	US$6.6m	0.25%	no data
4.06%	The Vanguard Group, Inc.	1,735,273	US$5.7m	-0.78%	no data
3.22%	Royce & Associates, LP	1,373,444	US$4.5m	169%	0.04%
2.53%	Robert Rasmus	1,079,279	US$3.6m	4.86%	no data
2.01%	Dimensional Fund Advisors LP	856,652	US$2.8m	10.6%	no data
1.98%	Alta Fundamental Advisers LLC	846,294	US$2.8m	-58.6%	1.24%
1.81%	Geode Capital Management, LLC	774,637	US$2.6m	1.12%	no data
1.61%	Wellington Management Group LLP	686,105	US$2.3m	0%	no data
1.54%	1492 Capital Management, LLC	659,010	US$2.2m	74.4%	0.87%
1.3%	State Street Global Advisors, Inc.	556,475	US$1.8m	14.8%	no data
1.25%	Putnam LLC	531,973	US$1.8m	0%	no data
1.2%	Vitol Holding B.V.	511,392	US$1.7m	0%	13.54%
1.04%	JGD Management Corp.	442,959	US$1.5m	0%	9.99%
1.04%	Gratia Capital, LLC	442,020	US$1.5m	-48.5%	1.33%
0.99%	Community US Fund Management, Inc.	422,371	US$1.4m	0%	100.0%
0.86%	Joseph Wong	367,738	US$1.2m	-0.82%	no data
0.8%	Richard Campbell-Breeden	341,654	US$1.1m	9.15%	no data
0.67%	Morgan Stanley	285,342	US$941.6k	16.5%	no data
0.59%	Marex Group plc	250,000	US$825.0k	-22.7%	0.01%
0.56%	Northern Trust Global Investments	237,321	US$783.2k	0.37%	no data
0.54%	Centerbook Partners LP	230,869	US$761.9k	0%	0.04%
0.47%	Citadel Advisors LLC	202,692	US$668.9k	-2.44%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/16 06:48
End of Day Share Price	2025/12/16 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Arq, Inc. is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
George Gianarikas	Canaccord Genuity
Aaron Spychalla	Craig-Hallum Capital Group LLC
Lars Christensen	Fearnley Securities