Brad S. Elliott - 30 Jan 2023 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
30 Jan 2023
Net transactions value
$0
Form type
4
Filing time
01 Feb 2023, 16:49:04 UTC
Previous filing
08 Nov 2022
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQBK Class A Common Stock Award $0 +8,591 +8.5% $0.000000 109,801 30 Jan 2023 Direct F1, F2
transaction EQBK Class A Common Stock Award $0 +4,342 +4% $0.000000 114,143 30 Jan 2023 Direct F3
transaction EQBK Class A Common Stock Award $0 +8,591 +7.5% $0.000000 122,734 30 Jan 2023 Direct F4
holding EQBK Class A Common Stock 177,705 30 Jan 2023 By Elliott Legacy, LLC F2, F5
holding EQBK Class A Common Stock 9,615 30 Jan 2023 By Equity Bank Holdings, LLC F5

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 Employee Stock Option (right to buy) Award $0 +22,635 $0.000000 22,635 30 Jan 2023 Class A Common Stock 22,635 $28.80 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of 8,591 shares of time-based restricted units vesting in three equal installments beginning on January 30, 2024.
F2 Includes the transfer of 5,154 shares from shares held directly by Brad S. Elliott into Elliott Legacy LLC.
F3 Represents the grant of 4,342 time-based restricted units, upon grant 1,086 vest. The remaining vest in three equal installments beginning on January 30, 2024.
F4 Represents the grant of 8,591 shares of performance-based restricted units cliff vesting at the later of January 30, 2026 or the date at which performance criteria can be confirmed, if performance criteria are met.
F5 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.
F6 Upon grant 5,659 of these options vest. The remaining vest in three equal installments beginning on January 30, 2024.