Equity Bancshare SEC Filings

Equity Bancshares, Inc. director and EVP Gregory H. Kossover reported transactions in Class A common stock dated 12/16/2025 and 12/17/2025 in a Form 4 insider filing. Two transactions with code "G" at a price of $0.00 per share involved 3,192 shares and 798 shares, shown as indirectly owned through the Greg H. Kossover Revocable Trust.

Following these transactions, Kossover beneficially owned 66,175 shares of Class A common stock directly and 51,510 shares indirectly through the Gregory H. Kossover Revocable Trust, where he serves as trustee. His direct holdings include 371 shares purchased on August 14, 2025 under the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan.

Equity Bancshares, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on its common stock. This cash payment rewards current shareholders for holding the stock and reflects the company’s ongoing policy of returning some capital to investors.

The dividend will be paid on January 15, 2026 to stockholders who are on record as of the close of business on December 31, 2025. Investors who own shares by the record date will be eligible to receive the dividend.

Equity Bancshares, Inc. is proposing to acquire Frontier Holdings, LLC in a stock-and-cash merger. Frontier unitholders will receive 51.30 shares of EQBK Class A common stock plus $751.06 in cash per Frontier unit, assuming 43,272 units outstanding and that Frontier delivers the required adjusted members’ equity. Based on an EQBK price of $41.76 on October 28, 2025, this equates to total consideration of about $2,893.49 per unit and an aggregate value of approximately $125,207,200, including 2,220,000 EQBK shares and $32,500,000 in cash, subject to possible cash reduction.

After the merger, former Equity shareholders are expected to own about 89.6% of the combined company, and former Frontier unitholders about 10.4%. On a pro forma basis as of September 30, 2025, the combined bank would have total assets of $7.73 billion, deposits of $6.15 billion and stockholders’ equity of $787.6 million. Frontier members must approve the merger, but a voting agreement covering more than 60% of outstanding units effectively secures approval, while completion still depends on regulatory and tax “reorganization” approvals and other closing conditions.

Equity Bancshares Inc. (EQBK) director reported several internal share transfers on 11/20/2025. The transactions involved Class A common stock coded as gifts (Code G) at a price of $0.00 per share. Following these moves, the reporting person held 18,988 shares directly, 113,028 shares indirectly through the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust, and 5,508 shares indirectly through a spouse. The explanation notes that 501 shares from the reporting person’s IRA and 179 shares from the spouse’s IRA were gifted to the revocable trust, where both serve as co-trustees.

Equity Bancshares (EQBK): FJ Capital Management LLC, Financial Opportunity Fund LLC, Financial Opportunity Long/Short Fund LLC, and Martin Friedman filed Amendment No. 8 to Schedule 13G reporting beneficial ownership in EQBK common stock as of 09/30/2025. FJ Capital and Martin Friedman each report 1,222,791 shares, representing 6.36% of the class, with shared voting and dispositive power and no sole power.

Holdings include 963,361 shares by Financial Opportunity Fund LLC (5.01%) and 47,707 shares by Financial Opportunity Long/Short Fund LLC (0.25%), plus shares in managed accounts overseen by FJ Capital. The filers certify the securities were not acquired and are not held for the purpose of changing or influencing control.

Equity Bancshares (EQBK) director reports open‑market purchase. On 11/10/2025, the reporting person bought 250 shares of Class A Common Stock at $41.57 per share, coded “P.” The purchase was made indirectly through the Leon Harold Borck Trust.

Following the transaction, reported holdings are 9,905 shares held indirectly by the Leon Harold Borck Trust, 9,171 shares held directly, and 21,036 shares held indirectly via EDBI, Inc. The filer serves as trustee of the trust and as President of EDBI, Inc., and disclaims beneficial ownership of certain shares except to the extent of pecuniary interest.

T. Rowe Price Investment Management, Inc. filed Amendment No. 2 to Schedule 13G, reporting beneficial ownership of 1,967,849 shares of Equity Bancshares, Inc. (Class A Common Stock), representing 10.2% of the class as of the event date 10/31/2025.

The filer reports sole voting power over 1,967,849 shares and sole dispositive power over 1,967,849 shares, with no shared voting or dispositive power. The reporting person is classified as an investment adviser (IA) and certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing also includes a statement that the filer’s submission should not be construed as an admission of beneficial ownership beyond what is reported.

Equity Bancshares, Inc. (EQBK) announced it has received all regulatory approvals to complete its previously announced merger with Frontier Holdings, LLC. The company notes the merger is expected to close in December 2025 or, if necessary, in early January 2026, subject to the satisfaction or waiver of customary closing conditions, including the approval of the members of Frontier.

The transaction is proceeding under the Agreement and Plan of Reorganization dated August 29, 2025, among Equity Bancshares, Winston Merger Sub, Inc., and Frontier. The approvals were effective October 31, 2025, positioning the deal for completion once remaining conditions are met.

Equity Bancshares (EQBK) filed Amendment No. 1 to Form S‑4 to register 2,220,000 shares of Class A common stock for issuance in its proposed merger with Frontier Holdings, together with approximately $32,500,000 in cash consideration, subject to potential downward adjustment under the merger agreement.

At the effective time, each Frontier unit will convert into Equity stock based on an exchange ratio and a per‑unit cash amount. Assuming 43,272 Frontier units and delivery of Frontier adjusted members’ equity, each unit would receive 51.30 shares and $751.06 in cash. Illustrative values show total per‑unit consideration of $2,847.32 to $2,893.49 depending on EQBK share prices on specified dates. Based on shares and units outstanding as of October 28, 2025, post‑merger ownership would be approximately 89.6% legacy Equity holders and 10.4% former Frontier holders. Frontier will hold a special meeting on December 23, 2025; approval of the merger proposal requires at least 60% of outstanding units, and a voting agreement covering more than 60% ensures approval.