Equity Bancshares (NASDAQ: EQBK) CIO share sale covers tax on vested stock units
Rhea-AI Filing Summary
Equity Bancshares Inc. (EQBK) executive David Pass, Chief Information Officer, reported a sale of 147 shares of Class A Common Stock on 2026-08-17 at $51.31 per share. According to the disclosure, these shares were sold to pay tax withholding obligations related to the vesting of restricted stock units. After this transaction, Pass directly holds 8,491 shares, which include 107 shares purchased on February 14, 2026 and 92 shares purchased on August 14, 2026 under the company’s 2019 Employee Stock Purchase Plan. The transaction was not indicated as being made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 147 shares
Net Sell
1 txn
Insider
Pass David
Role
Chief Information Officer
Sold
147 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 147 | $51.31 | $8K |
Holdings After Transaction:
Class A Common Stock — 8,491 shares (Direct)
Footnotes (2)
- F1. Represents shares sold to pay tax withholding obligations in connection with vesting of restricted stock units.
- F2. Includes 107 shares purchased on February 14, 2026 and 92 shares purchased on August 14, 2026 pursuant to the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan
Key Figures
Shares sold: 147 shares
Sale price: $51.31 per share
Shares held after transaction: 8,491 shares
+2 more
5 metrics
Shares sold
147 shares
Class A Common Stock sold on 2026-08-17
Sale price
$51.31 per share
Price for the 147 shares sold on 2026-08-17
Shares held after transaction
8,491 shares
Direct holdings of David Pass following the sale
ESPP purchase (Feb 14, 2026)
107 shares
Shares bought under 2019 Employee Stock Purchase Plan
ESPP purchase (Aug 14, 2026)
92 shares
Shares bought under 2019 Employee Stock Purchase Plan
Key Terms
restricted stock units, tax withholding obligations, Employee Stock Purchase Plan
3 terms
restricted stock units financial
"in connection with vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares sold to pay tax withholding obligations in connection"
Employee Stock Purchase Plan financial
"purchased ... pursuant to the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What insider transaction did EQBK executive David Pass report?
David Pass reported selling 147 shares of Equity Bancshares Class A Common Stock at $51.31 per share on 2026-08-17. The filing states the shares were sold to satisfy tax withholding obligations from vesting restricted stock units.
What ESPP purchases are included in David Pass’s EQBK holdings?
Pass’s post-transaction holdings include 107 shares purchased on February 14, 2026 and 92 shares purchased on August 14, 2026. Both purchases were made under the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan, as disclosed in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.