Equity Bancshares (EQBK) director gifts 3,800 shares to adult children
Rhea-AI Filing Summary
Equity Bancshares Inc. director Jerry P. Maland reported a bona fide gift of 3,800 shares of Class A Common Stock on 2026-07-23. The shares were held indirectly through the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust, for which he and his spouse serve as Co-Trustees, and were gifted to his adult children not living in his household. After the transfer, the trust holds 109,228 shares, in addition to 17,863 shares held directly by Maland and 5,508 shares held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,800 shares
Net Sell
3 txns
Insider
Maland Jerry P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F1, F2 | 3,800 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 109,228 shares (Indirect, By Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99);
Class A Common Stock — 17,863 shares (Direct);
Class A Common Stock — 5,508 shares (Indirect, By Spouse)
Footnotes (2)
- F1. Gift by reporting person to his adult children not living in his household.
- F2. 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.
Key Figures
Shares gifted: 3,800 shares
Trust holdings after transaction: 109,228 shares
Direct holdings after transaction: 17,863 shares
+2 more
5 metrics
Shares gifted
3,800 shares
Bona fide gift of Class A Common Stock on 2026-07-23
Trust holdings after transaction
109,228 shares
Indirect Class A Common Stock held by living revocable trust after gift
Direct holdings after transaction
17,863 shares
Class A Common Stock held directly by Jerry P. Maland
Spousal indirect holdings
5,508 shares
Class A Common Stock held indirectly through spouse
Gift transactions in filing
1 gift, 3,800 shares
Aggregate gift activity summarized for this Form 4
Key Terms
bona fide gift, indirect ownership, Living Revocable Trust, Co-Trustees
4 terms
bona fide gift financial
"Transaction code G is described as a bona fide gift of shares."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"Shares reported as indirect ownership through a living revocable trust."
Living Revocable Trust financial
"Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99."
Co-Trustees financial
"The reporting person and his spouse serve as Co-Trustees of the trust."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did EQBK director Jerry P. Maland report?
Jerry P. Maland reported a bona fide gift of Equity Bancshares (EQBK) Class A Common Stock. The transaction involved transferring shares held in a family living revocable trust to his adult children who do not live in his household.
How is the gifted EQBK stock held in relation to Jerry P. Maland and his spouse?
The gifted Equity Bancshares (EQBK) stock was held in the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust, where they serve as Co-Trustees. The filing notes that the 3,800 shares were gifted from this trust to their adult children.