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Equity Bancshares (EQBK) director receives 1,103 restricted shares as fee compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Maland Jerry P reported acquisition or exercise transactions in this Form 4 filing.

Equity Bancshares Inc. director Jerry P. Maland received a grant of 1,103 restricted shares of Class A Common Stock as compensation. The shares were issued at $0.00 per share under the Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees and will vest on May 1, 2027.

Following this award, Maland holds 20,091 shares directly, 5,508 shares indirectly through his spouse, and 113,028 shares indirectly through the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust, where he and his spouse serve as co-trustees.

Positive

  • None.

Negative

  • None.
Insider Maland Jerry P
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 1,103 $0.00 --
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 20,091 shares (Direct, null); Class A Common Stock — 113,028 shares (Indirect, By Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99)
Footnotes (1)
  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. The reporting person and his spouse serve as Co-Trustees of the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99.
Restricted shares granted 1,103 shares Grant under 2022 Omnibus Equity Incentive Plan
Grant price $0.00 per share Compensation grant, not market purchase
Vesting date May 1, 2027 Restricted shares vest on first anniversary of grant date
Direct holdings after grant 20,091 shares Class A Common Stock held directly by Maland
Spouse indirect holdings 5,508 shares Class A Common Stock held by spouse
Trust indirect holdings 113,028 shares Living Revocable Trust where Maland and spouse are co-trustees
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"
Living Revocable Trust financial
"the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
SEC Form 4
FORM 4UNITED 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*
Maland Jerry P

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock05/01/2026A1,103(1)A$0.0020,091D
Class A Common Stock113,028IBy Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99(2)
Class A Common Stock5,508IBy Spouse
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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.
2. The reporting person and his spouse serve as Co-Trustees of the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99.
Remarks:
/s/ Chris Navratil, attorney-in-fact05/05/2026
** Signature of Reporting PersonDate
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)

FAQ

What did Jerry P. Maland report in this Form 4 for Equity Bancshares (EQBK)?

Jerry P. Maland reported receiving 1,103 restricted shares of Equity Bancshares Class A Common Stock. These shares were granted as compensation in lieu of director retainer and meeting fees under the company’s 2022 Omnibus Equity Incentive Plan and were not an open-market purchase.

At what price were the new Equity Bancshares (EQBK) shares granted to Jerry P. Maland?

The 1,103 restricted shares granted to Jerry P. Maland were issued at a stated price of $0.00 per share. This reflects a compensation award rather than a cash purchase, consistent with grants made under an equity incentive plan for director fees.

When do Jerry P. Maland’s new restricted EQBK shares vest?

The 1,103 restricted shares granted to Jerry P. Maland will vest on May 1, 2027. The footnote explains they were issued under the 2022 Omnibus Equity Incentive Plan in lieu of fees and vest on the first anniversary of the grant date, stated as May 1, 2027.

How many Equity Bancshares (EQBK) shares does Jerry P. Maland hold directly after this filing?

After the reported grant, Jerry P. Maland directly holds 20,091 shares of Equity Bancshares Class A Common Stock. This figure reflects his direct ownership position following the award of 1,103 restricted shares reported in the Form 4 filing.

What indirect Equity Bancshares (EQBK) holdings are associated with Jerry P. Maland?

Indirectly, Jerry P. Maland is associated with 5,508 shares held by his spouse and 113,028 shares held by the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust, where he and his spouse serve as co-trustees, according to the Form 4 disclosures.

Is the Form 4 transaction for EQBK a market buy or a compensation grant?

The Form 4 shows a compensation grant, not a market buy. Code A identifies it as a grant, award, or other acquisition, and the footnote clarifies the 1,103 restricted shares were issued in lieu of director retainer and meeting fees under the equity incentive plan.