Brad S. Elliott - 16 Aug 2021 Form 4 Insider Report for EQUITY BANCSHARES INC (EQBK)

Role
Chief Executive Officer, Director
Signature
/s/ Eric Newell, attorney-in-fact
Issuer symbol
EQBK
Transactions as of
16 Aug 2021
Net transactions value
-$453,489
Form type
4
Filing time
18 Aug 2021, 14:59:52 UTC
Previous filing
03 Jun 2021
Next filing
20 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQBK Common Stock Options Exercise $600,000 +50,000 +48% $12.00 154,731 16 Aug 2021 Direct F1
transaction EQBK Common Stock Tax liability $1,053,489 -32,465 -21% $32.45 122,266 16 Aug 2021 Direct F1
holding EQBK Common Stock 172,551 16 Aug 2021 By Elliott Legacy, LLC F2
holding EQBK Common Stock 9,615 16 Aug 2021 By Equity Holdings, LLC F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EQBK Stock Option (Right to Buy) Options Exercise $0 -50,000 -43% $0.000000 67,000 16 Aug 2021 Common Stock 50,000 $12.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This form is being filed to report the exercise of an Equity Bancshares Inc. stock option for a total of 50,000 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder relinquishes enough shares of stock to cover the exercise price of the option being exercised and related withholding taxes. As a result of this stock swap, the reporting person acquired 17,535 shares of Equity Bancshares Inc. The price in column 4 is the Equity Bancshares Inc. close price as of August 16th when the option holder requested the stock swap exercise and it was approved by Equity Bancshares Inc.
F2 The reporting person is the managing member of Elliott Legacy, LLC and Equity Holdings, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
F3 The option vested over five equal installments beginning on January 1, 2013.