Equity Bancshares (EQBK) director gifts 2,228 shares to adult children
Rhea-AI Filing Summary
Equity Bancshares Inc. director Jerry P. Maland reported a bona fide gift of 2,228 shares of Class A Common Stock to his adult children. The gift carried no sale price. After the transfer, he holds 17,863 shares directly, plus indirect holdings through his spouse and a family living revocable trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,228 shares
Net Sell
3 txns
Insider
Maland Jerry P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 2,228 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 17,863 shares (Direct);
Class A Common Stock — 113,028 shares (Indirect, By Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99);
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
Gifted shares: 2,228 shares
Direct holdings after gift: 17,863 shares
Indirect spouse holdings: 5,508 shares
+2 more
5 metrics
Gifted shares
2,228 shares
Bona fide gift of Class A Common Stock
Direct holdings after gift
17,863 shares
Class A Common Stock held directly post-transaction
Indirect spouse holdings
5,508 shares
Indirect ownership by spouse
Trust indirect holdings
113,028 shares
Held by Maland Living Revocable Trust
Gift price per share
$0.0000 per share
Bona fide gift, no sale proceeds
Key Terms
bona fide gift, Class A Common Stock, indirect ownership, Living Revocable Trust
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
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.
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership by spouse and trust"
Living Revocable Trust financial
"Maland Living Revocable Trust DTD 9-21-99"
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 2,228 shares of Equity Bancshares Class A Common Stock to his adult children. This was a non-market transfer with no sale price or cash proceeds disclosed in the filing.
Was the EQBK insider transaction a market sale or purchase?
No, the Equity Bancshares transaction was a bona fide gift, not a market sale or purchase. Transaction code G and a reported price of $0.0000 per share indicate a non-cash transfer to the reporting person’s adult children.