Equity Bancshares director granted 1,103 restricted shares

PENNER SHAWN DAVID reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

PENNER SHAWN DAVID reported acquisition or exercise transactions in this Form 4 filing.

Equity Bancshares Inc. director Shawn David Penner received a grant of 1,103 shares of Class A Common Stock as restricted stock compensation. The shares were issued in lieu of retainer and meeting fees under the Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan and will vest on May 1, 2027. Following this award, Penner directly holds 139,081 shares.

Insider Trade Summary

Grant/Award: 1,103 shares

Grant/Award 1 txn

Insider PENNER SHAWN DAVID

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,103	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 139,081 shares (Direct)

Footnotes (1)

1. F1. Represents restricted shares issued to the reporting person pursuant to the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees. The shares will vest on the first anniversary of the grant date, or May 1, 2027.

Key Figures

Restricted shares granted: 1,103 shares Transaction price per share: $0.0000 Shares after transaction: 139,081 shares +1 more

4 metrics

Restricted shares granted 1,103 shares Class A Common Stock grant coded as acquisition (A)

Transaction price per share $0.0000 Award issued in lieu of retainer and meeting fees

Shares after transaction 139,081 shares Total Class A Common Stock directly held after grant

Vesting date May 1, 2027 Restricted shares vest on first anniversary of grant date

Key Terms

restricted shares, 2022 Omnibus Equity Incentive Plan, retainer and meeting fees, vesting

4 terms

restricted shares financial

"Represents restricted shares issued to the reporting person pursuant to the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

2022 Omnibus Equity Incentive Plan financial

"pursuant to the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees"

retainer and meeting fees financial

"in lieu of retainer and meeting fees. The shares will vest on the first anniversary of the grant date"

vesting financial

"The shares will vest on the first anniversary of the grant date, or May 1, 2027."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Equity Bancshares (EQBK) director Shawn Penner report on this Form 4?

Director Shawn David Penner reported receiving 1,103 restricted shares of Class A Common Stock as compensation. These shares were issued in lieu of retainer and meeting fees under Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan and are subject to vesting conditions.

When do Shawn Penner’s newly granted EQBK restricted shares vest?

The 1,103 restricted shares granted to Shawn Penner will vest on May 1, 2027. Until vesting, the award remains subject to the plan’s terms, after which the restrictions lapse and the shares generally become fully owned, assuming continued service under applicable conditions.

How many Equity Bancshares shares does Shawn Penner hold after this grant?

After the reported grant, Shawn Penner holds 139,081 shares of Equity Bancshares Class A Common Stock directly. This figure reflects his position following the addition of 1,103 restricted shares awarded as part of director compensation under the company’s 2022 Omnibus Equity Incentive Plan.

Was cash paid for the 1,103 Equity Bancshares shares reported in this Form 4?

No cash was paid for these 1,103 shares; the transaction price per share is recorded as 0.0000. The shares were issued as restricted stock compensation in lieu of retainer and meeting fees, consistent with the Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan.

What type of transaction is coded “A” on Shawn Penner’s EQBK Form 4?

The “A” code on this Form 4 indicates a grant, award, or other acquisition of securities. In this case, Shawn Penner acquired 1,103 restricted shares of Class A Common Stock as a compensation grant rather than through an open-market purchase or sale transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 04:03 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PENNER SHAWN DAVID

(Last) (First) (Middle)

7701 E KELLOGG DR., STE. 300

(Street)

WICHITA KANSAS 67207

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EQUITY BANCSHARES INC [ EQBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/01/2026		A		1,103(1)	A	$0.00	139,081	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted shares issued to the reporting person pursuant to the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees. The shares will vest on the first anniversary of the grant date, or May 1, 2027.

Remarks:

	/s/ Chris Navratil, attorney-in-fact	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)