Equity Bancshares Insider Sale: David Pass Disposes 145 Shares

Rhea-AI Filing Summary

David Pass, Chief Information Officer of Equity Bancshares, Inc. (EQBK), reported a routine insider transaction on Form 4. The filing shows a sale of 145 shares of Class A common stock on 08/15/2025 at a price of $39.21 per share; the sale is described as shares sold to pay tax withholding obligations related to the vesting of restricted stock units. After the transaction Mr. Pass beneficially owns 6,852 shares. The filing also notes prior purchases of 112 shares on 02/14/2025 and 107 shares on 08/14/2025 under the company’s 2019 Employee Stock Purchase Plan.

Insights

Corporate Governance Expert

TL;DR: Routine insider tax-sale and continued participation in ESPP; no material change to ownership stake.

The reported sale of 145 shares at $39.21 is explicitly described as a tax-withholding disposition tied to RSU vesting, which is a common administrative action rather than a signal of changed conviction. Post-transaction beneficial ownership of 6,852 shares remains disclosed. Two recent small ESPP purchases (112 and 107 shares) indicate ongoing participation in employee equity programs. There is no indication of accelerated selling, unusual volumes, or derivative transactions in this filing.

Securities Analyst

TL;DR: Transaction is operational in nature and likely immaterial to investors.

The Form 4 documents a single non-derivative sale tied to tax withholding and records modest ESPP purchases earlier in the year. The sale size (145 shares) and the disclosed remaining holding (6,852 shares) suggest this filing does not materially alter insider alignment with shareholders. No amendments, joint filings, or derivative positions are reported that would change the assessment.

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
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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^*

Pass David

(Last) (First) (Middle)

7701 E KELLOGG

(Street)

WICHITA KS 67207

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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

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

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

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	08/15/2025		S		145(1)	D	$39.21	6,852(2)	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 shares sold to pay tax withholding obligations in connection with vesting of restricted stock units.

2. Includes 112 shares purchased on February 14, 2025 and 107 shares purchased on August 14, 2025 pursuant to the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan.

Remarks:

	/s/ Chris Navratil, attorney-in-fact	08/18/2025
	** 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.

FAQ

What insider transaction did EQBK Chief Information Officer David Pass report on Form 4?

The filing reports a sale of 145 Class A common shares on 08/15/2025 at $39.21 per share to cover tax withholding for vested RSUs.

How many EQBK shares does David Pass beneficially own after the reported transaction?

After the transaction Mr. Pass beneficially owns 6,852 shares of Class A common stock.

Did David Pass make any purchases under the Equity Bancshares ESPP in 2025?

Yes. The filing discloses purchases of 112 shares on 02/14/2025 and 107 shares on 08/14/2025 under the 2019 Employee Stock Purchase Plan.

Was the Form 4 transaction associated with derivatives or options?

No. The Form 4 shows a non-derivative sale of common stock and includes no derivative securities, exercises, or related derivative transactions.

Who signed the Form 4 filing for David Pass?

The filing was signed by Chris Navratil, attorney-in-fact on 08/18/2025.