[Form 4] Equitable Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mark Pearson, who serves as President & CEO and a director of Equitable Holdings, Inc. (EQH), received 1,161.79 restricted stock units (RSUs) as dividend equivalents on 08/12/2025. These dividend equivalents were issued at $0 and vest and settle on the same terms as the underlying RSUs. After the issuance, Mr. Pearson beneficially owned 715,529 shares in total, which the filing states includes outstanding RSUs. The Form 4 was filed on behalf of Mr. Pearson and signed by an attorney-in-fact on 08/14/2025. The report reflects a routine issuance of dividend-equivalent RSUs rather than an open-market purchase or sale.

Insights

Financial Analyst

TL;DR: Routine issuance of dividend-equivalent RSUs to the CEO increased total beneficial holdings; not a cash purchase or sale and appears immaterial to valuation.

The transaction is an issuance of 1,161.79 RSUs as dividend equivalents, recorded at $0, which simply converts dividend payments into additional RSU awards that follow the vesting terms of the underlying grants. This raises Mr. Pearson's reported beneficial ownership to 715,529 shares, inclusive of RSUs. Because the issuance is non-cash and tied to existing awards, it does not alter the company capital structure or immediately affect cash flow or outstanding common stock. For investors, the event signals continued executive alignment with equity compensation practices but is not a material corporate action.

Corporate Governance Expert

TL;DR: A governance-standard dividend-equivalent issuance to the CEO; consistent with incentive-plan mechanics and disclosure requirements.

The Form 4 discloses that dividend equivalents accrue on RSUs and are issued as additional RSUs that vest with the underlying awards. The filing identifies Mr. Pearson as both an officer (President & CEO) and a director, and reports the post-transaction beneficial ownership of 715,529 shares. The disclosure was filed by a single reporting person and signed by an attorney-in-fact, meeting Section 16 reporting formalities. This appears to be routine, plan-driven compensation activity rather than a governance concern.

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

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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^*

Pearson Mark

(Last) (First) (Middle)

C/O EQUITABLE HOLDINGS, INC.

1345 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Equitable Holdings, Inc. [ EQH ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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
Common Stock	08/12/2025		A		1,161.79(1)	A	$0	715,529(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. Dividend equivalents accrued on Restricted Stock Units ("RSUs") previously awarded pursuant to Issuer's incentive plan. Dividend equivalents accrue when dividends are paid on the common shares underlying the RSUs, and vest proportionally with and are subject to settlement and expiration upon the same terms as the RSUs to which they relate. Dividend equivalents are issued in the form of RSUs, each of which represents a contingent right to receive one share of common stock.

2. Total includes RSUs.

Remarks:

	/s/ Michael Brudoley as attorney-in-fact for Mark Pearson	08/14/2025
	** 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 did Mark Pearson report on the Form 4 for EQH?

The filing reports that Mark Pearson received 1,161.79 RSUs as dividend equivalents on 08/12/2025, issued at $0, raising his total beneficial ownership to 715,529 shares.

Were the RSUs purchased or issued for cash in the EQH Form 4?

No. The RSUs were issued as dividend equivalents at $0, not acquired through an open-market cash purchase.

Does the Form 4 indicate a change in control or major transaction for EQH?

No. The Form 4 discloses a routine issuance of dividend-equivalent RSUs and does not indicate any change in control or other material corporate transaction.

How many shares does Mark Pearson beneficially own after the reported transaction?

The filing reports total beneficial ownership of 715,529 shares, which the company notes includes outstanding RSUs.

Who signed the Form 4 on behalf of Mark Pearson?

The Form 4 was signed by Michael Brudoley acting as attorney-in-fact for Mark Pearson on 08/14/2025.