EquipmentShare president buys 50,000 shares
EquipmentShare.com Inc co-founder and president William J. Schlacks reported an open-market purchase of 50,000 shares of Class A common stock at a weighted average price of $21.47 per share, in multiple trades between $21.10 and $21.55.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
EquipmentShare.com Inc co-founder and president William J. Schlacks reported an open-market purchase of 50,000 shares of Class A common stock at a weighted average price of $21.47 per share, in multiple trades between $21.10 and $21.55. After this transaction, he directly holds 50,000 shares and has additional indirect holdings through EQS Legacy Holdings LLC and EQS Heritage Holdings LLC, where he is a managing member but disclaims beneficial ownership beyond any pecuniary interest.
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
3 txns
Insider
Schlacks William J.
Role
Co-Founder & President
Bought
50,000 shs ($1.07M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 50,000 | $21.47 | $1.07M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 50,000 shares (Direct);
Class A Common Stock — 13,592,263 shares (Indirect, By EQS Heritage Holdings LLC);
Class A Common Stock — 714,285 shares (Indirect, By EQS Legacy Holdings LLC)
Footnotes (3)
- F1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.10 to $21.55 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F2. The reporting person is a managing member of EQS Heritage Holdings LLC and, jointly with Jabbok Schlacks, has controlling voting and dispositive power with regard to the shares held by the entity. The reporting person disclaims beneficial ownership of such securities for purposes of Section 16, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
- F3. The reporting person is a managing member of EQS Legacy Holdings LLC and, jointly with Jabbok Schlacks, has controlling voting and dispositive power with regard to the shares held by the entity. The reporting person disclaims beneficial ownership of such securities for purposes of Section 16, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
Key Figures
Shares purchased: 50,000 shares
Weighted average purchase price: $21.47 per share
Purchase price range: $21.10–$21.55 per share
+3 more
6 metrics
Shares purchased
50,000 shares
Open-market purchase of Class A Common Stock
Weighted average purchase price
$21.47 per share
Open-market acquisition
Purchase price range
$21.10–$21.55 per share
Multiple trades on transaction date
Direct holdings after transaction
50,000 shares
Class A Common Stock held directly by Schlacks
Indirect holdings via EQS Legacy Holdings LLC
714,285 shares
Class A Common Stock held indirectly
Indirect holdings via EQS Heritage Holdings LLC
13,592,263 shares
Class A Common Stock held indirectly
Key Terms
open-market purchase, weighted average price, disclaims beneficial ownership, pecuniary interest, +1 more
5 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of such securities for purposes of Section 16"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
Section 16 regulatory
"for purposes of Section 16, except to the extent of his pecuniary interest"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EQPT's William Schlacks report?
William J. Schlacks reported buying 50,000 shares of EquipmentShare.com Class A common stock. The shares were acquired in an open-market purchase and are now held directly, reflecting a new reported personal stake at that level following the transaction.
What indirect EQPT holdings are associated with William Schlacks?
The filing lists 714,285 shares held by EQS Legacy Holdings LLC and 13,592,263 shares held by EQS Heritage Holdings LLC. Schlacks is a managing member of both entities, sharing voting and dispositive power, but he disclaims beneficial ownership except for any pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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