EquipmentShare CEO buys 50,000 EQPT shares
EquipmentShare.com Inc director and CEO Jabbok Schlacks reported open-market purchases of Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
EquipmentShare.com Inc director and CEO Jabbok Schlacks reported open-market purchases of Class A common stock. He bought 21,700 shares at a weighted average price of $21.50 per share and 28,300 shares at a weighted average price of $20.83 per share, both in multiple transactions within stated price ranges. Following these purchases, he holds 50,000 shares directly. The filing also shows indirect holdings of 13,592,263 shares by EQS Heritage Holdings LLC and 714,285 shares by EQS Legacy Holdings LLC, entities where he is a managing member alongside William John Schlacks, while disclaiming beneficial ownership for Section 16 purposes except for any pecuniary interest.
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
4 txns
Insider
Schlacks Jabbok
Role
Co-Founder & CEO
Bought
50,000 shs ($1.06M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 28,300 | $20.83 | $589K |
| Purchase | Class A Common Stock | 21,700 | $21.50 | $467K |
| 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 (4)
- F1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.34 to $21.32 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 price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.40 to $21.57 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.
- F3. The reporting person is a managing member of EQS Heritage Holdings LLC and, jointly with William John 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.
- F4. The reporting person is a managing member of EQS Legacy Holdings LLC and, jointly with William John 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
Open-market purchase 1: 21,700 shares at $21.50/share
Open-market purchase 2: 28,300 shares at $20.83/share
Direct holdings after trades: 50,000 shares
+3 more
6 metrics
Open-market purchase 1
21,700 shares at $21.50/share
Class A Common Stock purchase, weighted average price
Open-market purchase 2
28,300 shares at $20.83/share
Class A Common Stock purchase, weighted average price
Direct holdings after trades
50,000 shares
Class A Common Stock held directly by CEO
Indirect holdings via EQS Heritage
13,592,263 shares
Class A Common Stock held by EQS Heritage Holdings LLC
Indirect holdings via EQS Legacy
714,285 shares
Class A Common Stock held by EQS Legacy Holdings LLC
Net share change
50,000 shares
Net buy across reported transactions
Key Terms
weighted average price, open-market purchase, indirect ownership, Section 16, +1 more
5 terms
weighted average price financial
"The price reported is a weighted average price. These shares were purchased in multiple transactions..."
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.
open-market purchase financial
"transaction_action: open-market purchase"
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.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By EQS Legacy Holdings LLC"
Section 16 regulatory
"disclaims beneficial ownership of such securities for purposes of Section 16..."
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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did EQPT CEO Jabbok Schlacks report on this Form 4?
Jabbok Schlacks reported buying Class A common stock in two open-market transactions. He purchased 21,700 shares at a weighted average of $21.50 and 28,300 shares at a weighted average of $20.83, both executed across multiple trades within disclosed price ranges.
At what prices did the EQPT CEO purchase Class A common stock in this filing?
The CEO purchased shares at weighted average prices of $21.50 and $20.83 per share. Each block was executed through multiple trades within narrower price ranges, with detailed breakdowns available upon request to the issuer, security holders, or SEC staff as described in the footnotes.
What does the Form 4 say about how the EQPT purchase prices were calculated?
The Form 4 notes that each reported price is a weighted average across multiple trades. The shares were bought in separate transactions within specified price ranges, and full information on the number of shares purchased at each individual price will be provided upon request as described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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