Equity Bancshares (EQBK) CEO exercises options and sells 4,581 shares
Rhea-AI Filing Summary
Equity Bancshares Chief Executive Officer Brad S. Elliott exercised stock options covering 4,581 shares at an exercise price of $33.50 per share on July 29–30, 2026, receiving Class A Common Stock that was then sold in code S transactions at weighted average prices of $51.12 and $51.02 per share, resulting in a net disposition of 4,581 shares.
Elliott Legacy, LLC, an entity associated with him, holds 308,787 shares of Class A Common Stock indirectly; he disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 4,581 shares ($81K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Elliott Brad S
Role
Chief Executive Officer
Sold
4,581 shs ($234K)
Approx. gross sale proceeds
$234K
Approx. exercise cost
$153K
Approx. pre-tax spread
$81K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4 | 416 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 416 | $33.50 | $14K |
| Sale | Class A Common Stock F2 | 416 | $51.02 | $21K |
| Exercise | Stock Option (Right to Buy) F4 | 4,165 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,165 | $33.50 | $140K |
| Sale | Class A Common Stock F1 | 4,165 | $51.12 | $213K |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Class A Common Stock — 55,313 shares (Direct);
Class A Common Stock — 308,787 shares (Indirect, By Elliott Legacy, LLC)
Footnotes (4)
- F1. This transaction was executed in multiple trades at prices ranging from $51.01 USD to $51.27 USD; the price reported above reflects the weighted average sale price.
- F2. This transaction was executed in multiple trades at prices ranging from $51.00 USD to $51.06 USD; the price reported above reflects the weighted average sale price.
- F3. The reporting person is the managing member of 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.
- F4. The option vested over three equal installments beginning on February 17, 2018.
Key Figures
Shares exercised: 4,581 shares
Exercise price: $33.50 per share
Shares sold: 4,581 shares
+4 more
7 metrics
Shares exercised
4,581 shares
Total shares from two stock option exercises on July 29–30, 2026
Exercise price
$33.50 per share
Exercise price for stock options converting into Class A Common Stock
Shares sold
4,581 shares
Total Class A Common shares sold in code S transactions on July 29–30, 2026
Weighted average sale price 29 Jul 2026
$51.12 per share
Weighted average for 4,165-share sale, with trades from $51.01 to $51.27
Weighted average sale price 30 Jul 2026
$51.02 per share
Weighted average for 416-share sale, with trades from $51.00 to $51.06
Indirect holdings via Elliott Legacy, LLC
308,787 shares
Indirect Class A Common Stock position as of July 29, 2026
Option expiration date
February 17, 2027
Expiration date of the exercised stock option grant
Key Terms
Stock Option (Right to Buy), weighted average sale price, beneficial ownership, pecuniary interest, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title listed as Stock Option (Right to Buy) for derivative entries"
weighted average sale price financial
"price reported above reflects the weighted average sale price"
beneficial ownership regulatory
"disclaims beneficial ownership of these securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership ... for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did EQBK's CEO report on July 29–30, 2026?
Brad S. Elliott reported exercising options for 4,581 Equity Bancshares (EQBK) shares at $33.50 per share, then selling 4,581 Class A Common shares in code S transactions at weighted average prices of $51.12 and $51.02 on consecutive days.
At what price were the EQBK stock options exercised by the CEO?
The stock options were exercised at $33.50 per share. Two option exercises on July 29 and 30, 2026 converted rights to buy 4,165 and 416 shares, respectively, into Class A Common Stock before the related sales reported under transaction code M.
What indirect EQBK holdings are associated with Elliott Legacy, LLC?
Elliott Legacy, LLC holds 308,787 shares of Equity Bancshares Class A Common Stock indirectly. Brad S. Elliott is the managing member and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, according to the filing’s explanatory footnote.
Were the July 2026 EQBK insider trades under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox in the Form 4 was not marked as affirming a trading plan, and the footnotes describe pricing, vesting, and ownership details only. The disclosure does not state that these specific July 2026 trades were executed under a Rule 10b5-1 plan.