Brad S. Elliott - Nov 17, 2021 Form 4 Insider Report for EQUITY BANCSHARES INC (EQBK)

Role
Chief Executive Officer, Director
Signature
/s/ Eric Newell, attorney-in-fact
Stock symbol
EQBK
Transactions as of
Nov 17, 2021
Transactions value $
-$315,608
Form type
4
Date filed
11/19/2021, 04:20 PM
Previous filing
Aug 20, 2021
Next filing
Dec 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQBK Common Stock Options Exercise $360K +30K +22.1% $12.00 166K Nov 17, 2021 Direct F1, F2
transaction EQBK Common Stock Tax liability -$676K -18.9K -11.41% $35.72 147K Nov 17, 2021 Direct F1, F3
holding EQBK Common Stock 173K Nov 17, 2021 By Elliott Legacy, LLC F4
holding EQBK Common Stock 9.62K Nov 17, 2021 By Equity Holdings, LLC F4

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 -30K -100% $0.00* 0 Nov 17, 2021 Common Stock 30K $12.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of Equity Bancshares Inc. stock options totaling 30,000. The exercise was net settled, resulting in receipt of 11,086 shares by the reporting person following payment of the strike price and applicable taxes.
F2 Includes 500 shares purchased on August 14th, 2021 pursuant to the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan.
F3 Fair market value at close of business on November 17, 2021, the day the transaction was initiated by the reporting person and approved by the Company.
F4 The reporting person is the managing member of Equity Holdings, LLC and Elliott Legacy, 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.