Equity Bancshares (EQBK) CEO exercises options and sells 12,272 shares

Rhea-AI Filing Summary

Equity Bancshares Inc. Chief Executive Officer Brad S. Elliott exercised stock options covering 12,272 shares of Class A Common Stock at an exercise price of $33.50 per share on July 28, 2026, then sold those 12,272 shares at weighted average prices of $51.01 and $51.06. After these transactions, 308,787 shares are reported as held indirectly by Elliott Legacy, LLC, with Elliott disclaiming beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Exercise and Sale: 12,272 shares ($215K approx. pre-tax spread)

Exercise and Sale 7 txns

Insider Elliott Brad S

Role Chief Executive Officer

Sold 12,272 shs ($626K)

Approx. gross sale proceeds $626K

Approx. exercise cost $411K

Approx. pre-tax spread $215K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	5,359	$0.00	$0.00
Exercise	Stock Option (Right to Buy) F4	6,913	$0.00	$0.00
Exercise	Class A Common Stock	5,359	$33.50	$180K
Exercise	Class A Common Stock	6,913	$33.50	$232K
Sale	Class A Common Stock F1	6,913	$51.01	$353K
Sale	Class A Common Stock F2	5,359	$51.06	$274K
holding	Class A Common Stock F3	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 4,581 shares (Direct); Class A Common Stock — 55,313 shares (Direct); Class A Common Stock — 308,787 shares (Indirect, By Elliott Legacy, LLC)

Footnotes (4)

1. F1. This transaction was executed in multiple trades at prices ranging from $51.005 USD to $51.04 USD; the price reported above reflects the weighted average sale price.
2. F2. This transaction was executed in multiple trades at prices ranging from $51.00 USD to $51.20 USD; the price reported above reflects the weighted average sale price.
3. 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.
4. F4. The option vested over three equal installments beginning on February 17, 2018.

Key Figures

Shares sold: 12,272 shares Option exercise price: $33.50 per share Sale price (block 1): $51.01 per share +3 more

6 metrics

Shares sold 12,272 shares Class A Common Stock sold on July 28, 2026

Option exercise price $33.50 per share Exercise price for stock options covering 12,272 shares

Sale price (block 1) $51.01 per share Weighted average price for sale of 6,913 shares, multiple trades

Sale price (block 2) $51.06 per share Weighted average price for sale of 5,359 shares, multiple trades

Indirectly held shares 308,787 shares Class A Common Stock held indirectly through Elliott Legacy, LLC

Options exercised 12,272 shares Total underlying shares from stock options exercised on July 28, 2026

Key Terms

weighted average sale price, pecuniary interest, beneficial ownership, managing member

4 terms

weighted average sale price financial

"the price reported above reflects the weighted average sale price."

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"

beneficial ownership regulatory

"shall not be deemed an admission of beneficial ownership of all the reported shares"

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.

managing member other

"The reporting person is the managing member of Elliott Legacy, LLC."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/29/2026 - 05:02 PM Accepted by SEC EDGAR 07/29/2026 - 05:02 PM Learn about SEC filing dates

FAQ

What did Equity Bancshares (EQBK) CEO Brad S. Elliott report in this Form 4?

Brad S. Elliott reported exercising stock options for 12,272 shares of Equity Bancshares Class A Common Stock at $33.50 per share and then selling all 12,272 shares at weighted average prices of $51.01 and $51.06 on July 28, 2026.

How many Equity Bancshares (EQBK) shares did the CEO sell and at what prices?

Brad S. Elliott sold a total of 12,272 shares of Equity Bancshares Class A Common Stock, including 6,913 shares at a weighted average price of about $51.01 and 5,359 shares at a weighted average price of about $51.06, executed in multiple trades.

What stock options did the Equity Bancshares (EQBK) CEO exercise in this filing?

The CEO exercised stock options for 12,272 underlying shares of Equity Bancshares Class A Common Stock at an exercise price of $33.50 per share. These options related to awards that vested in three equal installments beginning February 17, 2018.

How many Equity Bancshares (EQBK) shares are reported as indirectly held after these transactions?

Following the reported trades, 308,787 shares of Equity Bancshares Class A Common Stock are shown as indirectly held through Elliott Legacy, LLC. Brad S. Elliott is the managing member and disclaims beneficial ownership beyond his pecuniary interest in those shares.

Were the Equity Bancshares (EQBK) CEO’s transactions under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox was not affirmed, and there is no footnote stating the transactions were made pursuant to a pre-arranged trading plan. The trades are therefore reported as ordinary discretionary transactions.

Is the Equity Bancshares (EQBK) CEO still associated with a significant shareholding after the sale?

Yes. Despite selling 12,272 shares, the filing reports 308,787 shares held indirectly via Elliott Legacy, LLC. Elliott, as managing member, disclaims full beneficial ownership except to the extent of his pecuniary interest in those indirectly held shares.

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^*

Elliott Brad S

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2026

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	07/28/2026		M		5,359	A	$33.5	60,672	D
Class A Common Stock	07/28/2026		M		6,913	A	$33.5	67,585	D
Class A Common Stock	07/28/2026		S		6,913	D	$51.01(1)	60,672	D
Class A Common Stock	07/28/2026		S		5,359	D	$51.06(2)	55,313	D
Class A Common Stock								308,787	I	By Elliott Legacy, LLC(3)

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
Stock Option (Right to Buy)	$33.5	07/28/2026		M			5,359	02/17/2017	02/17/2027	Class A Common Stock	5,359	$0.00	0.00	D
Stock Option (Right to Buy)	$33.5	07/28/2026		M			6,913	(4)	02/17/2027	Class A Common Stock	6,913	$0.00	4,581	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $51.005 USD to $51.04 USD; the price reported above reflects the weighted average sale price.

2. This transaction was executed in multiple trades at prices ranging from $51.00 USD to $51.20 USD; the price reported above reflects the weighted average sale price.

3. 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.

4. The option vested over three equal installments beginning on February 17, 2018.

Remarks:

	/s/ Navratil, Chris, attorney-in-fact	07/29/2026
	** 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)