Brad S. Elliott - Jan 31, 2024 Form 4 Insider Report for EQUITY BANCSHARES INC (EQBK)

Role: Chief Executive Officer, Director
Signature: /s/ Navratil, Chris, attorney-in-fact
Stock symbol: EQBK
Transactions as of: Jan 31, 2024
Transactions value $: $634,596
Form type: 4
Date filed: 2/2/2024, 04:46 PM
Previous filing: Feb 28, 2023
Next filing: Feb 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EQBK	Class A Common Stock	Award	$254K	+7.73K	+5.69%	$32.85	144K	Jan 31, 2024	Direct	F1, F2
transaction	EQBK	Class A Common Stock	Award	$254K	+7.73K	+5.38%	$32.85	151K	Jan 31, 2024	Direct	F3
transaction	EQBK	Class A Common Stock	Award	$127K	+3.86K	+2.55%	$32.85	155K	Jan 31, 2024	Direct	F4
holding	EQBK	Class A Common Stock						178K	Jan 31, 2024	By Elliott Legacy, LLC	F5
holding	EQBK	Class A Common Stock						9.62K	Jan 31, 2024	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	+18.5K		$0.00	18.5K	Jan 31, 2024	Class A Common Stock	18.5K	$32.85	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 7,730 shares of time-based restricted units vesting in three equal installments beginning on January 31, 2025.
F2	Includes 282 shares purchased on August 14, 2023 pursuant to Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan.
F3	Represents the grant of 7,730 shares of performance-based restricted units cliff vesting at the later of January 31, 2027 or the date at which performance criteria can be confirmed, if performance criteria are met.
F4	Represents the grant of 3,858 shares of time-based restricted units vesting in four equal installments beginning on January 31, 2024.
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 4,632 of these options vest. The remaining vest in three equal installments beginning on January 31, 2025.